10/16/2019
Marriott to add Luxury Collection property in Saudi Arabia
Guests will be able to choose from multiple dining options including a Café Lounge along with Argentinian and Mediterranean specialty restaurants.
Legal, Tax, Regulation & Compliance
10/16/2019
Non-Disclosure Agreements For The Protection Of Business
This article will seek the analyze the commercial application of NDAs only, looking at how they may be used for protection of businesses against, and address concerns such as, but not limited to, trade secrets, data-privacy, branding, consumer protection,
10/15/2019
Egypt's new banking draft law: opportunities and challenges
The new draft law also contributes to raising the level of performance of the banking system
10/15/2019
World Bank: Geopolitical Tensions Affect Growth in MENA in 2019
Countries in the region have implemented bold reforms to restore macroeconomic stability, but the projected growth rate is a fraction of what is needed to create enough jobs for the fast-growing, working-age population
10/14/2019
Guidance on economic substance released
The introduction of these regulations was an important step in the UAE’s implementation of action 5 of the OECD Base Erosion and Profit Shifting project, similar to other jurisdictions with “no or only nominal” tax regimes.
10/14/2019
Ex-Barclays bosses worried about jail risk of £322m Qatar deal, court hears
Prosecutors claim defendants knew payments in fundraising operation may be illegal
10/14/2019
Have a loan in UAE? Central Bank announces new rule
This decision has been made after taking feedback from the public.
10/14/2019
Crowdfunding receives boost in Middle East
Crowdfunding is a catch-all term used to describe different fundraising models that allow a group – 'crowd' – to pool funds and finance specific projects or businesses.
10/14/2019
Ithmaar Bank continues support for Bahrain FinTech Bay
The renewed agreement extends the partnership for another two years
10/14/2019
Saudi Arabia's Bonyan Reit raises 1.2bn riyals through Sharia-compliant loans
The real estate investment trust is looking to expand its portfolio of assets in the kingdom
10/14/2019
Central Bank announces new rules for loan
As a part of the modification, the age demand can currently be determined by lenders as per their risk management and disposition policies, providing customers with larger selection and suppleness,” the financial organization said.
10/14/2019
Saudi banks told to hire nationals in executive roles, regulator says
The move is part of a wider governmental push to replace expatriate workers with Saudi citizens.
10/14/2019
Dubai Chamber and Emirates NBD sign MoU on Digital Silk Road initiative
The smart platform aims to improve the transparency and efficiency of supply chains through a comprehensive automation process.
10/11/2019
BIAC signs 4 agreements to support entrepreneurship and innovation programs
The agreement signed between BIAC and SDB aims to provide the necessary funding, through SDB products, for startups enrolled in incubators and accelerators managed and operated by BIAC in Saudi Arabia
10/11/2019
Singapore's Temasek rules out investment in Saudi Aramco IPO
But Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support Aramco's share sale, the people said, asking not to be identified because the discussions are private.
10/11/2019
Kuwait’s economic steps in right direction: World Bank
MENA economic outlook subject to substantial downside risks
10/11/2019
Regulators Reject Qatar-Backed Deutsche Bank Board Member
Deutsche’s regulators - the European Central Bank and financial markets watchdog BaFin - have now determined that Zeltner’s position on Deutsche’s board would be a conflict of interest because he is also the chief executive officer of KB
10/10/2019
Bankers ‘hid’ secret Qatar payments from other investors
The prosecution claims that the payments were made to ensure that Qatar’s sovereign wealth fund handed over about £4 billion that would ensure the future of the bank and their own high-profile jobs.
10/10/2019
UAE central bank sets early exit fee limit for mortgages
The apex bank said in a circular that borrowers who had already paid 3 per cent settlement fee can get the refund from their banks within 30 days
10/09/2019
China Could Be the Big Winner of Saudi Arabia’s Race to Become a Tech Hub
Beijing is a natural partner to fast and cheap development, but Riyadh should be wary of alienating its allies.