07/04/2019
Expat tycoons welcome UAE's new investment policy
The sectors include agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction, entertainment among others," Sheikh Mohammed tweeted.
Legal, Tax, Regulation & Compliance
07/04/2019
Jared Kushner’s ‘deal of the century’ fails in Bahrain
Among the Arab countries, Saudi Arabia, the United Arab Emirates and Qatar have all reportedly signed up to attend the conference, while U.S. officials announced that Egypt, Jordan and Morocco also participated. Kuwait and Oman did not attend.
07/04/2019
Qatar central bank says sells 600 million riyals of t-bills
100 million worth of nine-month t-bills were sold at 2.23%
07/04/2019
Foreigners can now have 100% ownership in 13 sectors in the UAE
The UAE is a growing global business hub.
07/03/2019
Investments of UAE banks in Saudi Arabia and Egypt exceed $24 billion
The United Kingdom holds the largest share of investments from UAE banks and their subsidiaries
07/03/2019
UAE approves 13 sectors eligible for up to 100% foreign ownership in bid to spur investment
The UAE cabinet has approved 122 economic activities across 13 sectors eligible for up to 100 percent foreign ownership.
07/03/2019
Swiss FINSA and what it means to Middle East investors
The new provisions will apply to the financial institutions providing financial services, but also to their employees, directly.
07/03/2019
Trial starts for Franco-Israeli man accused in carbon credits scam
Stephane Alzraa, who was extradited from Israel, charged with organized fraud, aggravated money laundering and criminal conspiracy in $57 million scheme
07/03/2019
Tax Regulation In The GCC
The main objectives for the formation of GCC countries are for the common currency, common market and customs union which was set forth by the GCC supreme council.
07/03/2019
Brexit: Investments in the UK by UAE banks surges 23% to $16.6bn
United Kingdom is the fastest growing market for UAE lenders
07/02/2019
Atlas Wealth Management expands to Dubai with DIFC office
"The new office in Dubai is a testament to our commitment to the Australian diaspora when it comes to providing them world class financial advice" said James Ridley, managing director, APAC.
07/02/2019
Oman Faces Cash Crunch Amid US-Iran Tensions
Oman faces a serious cash squeeze due in part to factors beyond its control and in part to factors of its own making.
07/02/2019
CBE confirms strength of banks' financial positions by end of 1st quarter of this year
The CBE noted that the LDR in local currency reached 40.1% in March 2019, from 39.3% in December 2018.
07/02/2019
United Arab Emirates: Debt Recovery In UAE
"If you would know the value of money try to borrow some."- Benjamin Franklin
07/02/2019
UAE's Ajman Bank says it arranged $275 mln loan for Pakistan
The Pakistani government last month signed a $375 million syndicated loan with UAE banks which included conventional and Islamic tranches.
07/02/2019
DIFC law revamp came after 'a long and hard look over years', says chief legal officer
Jacques Visser explains why the financial hub revised its employment and insolvency laws and the gratuity payment
07/02/2019
DFSA accepts four FinTech firms into its 2019 regulatory sandbox Summer Cohort
The successful firms intend to engage in equity crowdfunding with tokenisation of the equities, the operation of a blockchain-enabled property crowdfunding platform, and the facilitation of blockchain-enabled supply chain financing.
07/01/2019
Pakistan signs $375 million syndicated loan with UAE banks
The transaction was anchored and arranged by Commercial Bank of Dubai, Emirates NBD Bank, Noor Bank, Dubai Islamic Bank, Mashreqbank and Sharjah Islamic Bank.
07/01/2019
DFSA signs MoU with Smart Dubai
As per the MoU, the DFSA and Smart Dubai will work together to empower, deliver, and promote an efficient, seamless, safe, and impactful experience for residents by drawing on technology innovation.
07/01/2019
Abraaj investigation is 'well resourced', says Dubai's financial regulator
Although Abraaj Group founder has been released on bail, the DFSA will continue its investigation into the case