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Legal, Tax, Regulation & Compliance

08/15/2019

Qatar says economic growth to accelerate in 2019-2020

The budget surplus will fall to 4.35 billion riyals ($1.20 billion) in 2019, from a surplus of 15.1 billion riyals in 2018, as spending on major projects will rise by 15%, the bank said.

08/15/2019

UAE's The First Group eyes expansion after $135m sukuk deal

Shuaa Capital announces five-year sukuk for The First Group, a UAE-based property and hospitality developer

08/14/2019

The Advantages of The Taxation Regimes in The Middle East

So, if you want to operate in the Middle East, setting up a business in Qatar can prove to be quite advantageous.

08/14/2019

DFSA signs an MoU with the Central Bank of Egypt

The Dubai Financial Services Authority has signed an MoU with the Central Bank of Egypt to enhance cooperation between the two institutions

08/14/2019

How to make the best of your financial situation in the UAE

The first question you should ask yourself is whether your relocation package provides enough extras for your preferred lifestyle.

08/14/2019

Emerging Markets Turkey purges central bank as nine top officials are sidelined

At least nine senior figures, including the chief economist, Hakan Kara, were told that they were being moved to other roles.

08/13/2019

QCB key policy rate gone up 100 basis points in 2018 following Fed hike

The impact of change in interest rate on credit was mixed for the various maturity bucket.

08/13/2019

Oman, the ‘Switzerland of the Middle East’, is about to find itself in troubled waters over its refusal to take sides

The country’s position as mediator has been pushed to the limits with a crisis unfurling in its backyard: the strategic Strait of Hormuz

08/13/2019

VAT q&a: 'What is the penalty for not submitting a tax return on time?'

The Dubai reader is concerned about a client who will deliver the document late

08/12/2019

UAE shuts down 115 websites, social media accounts

In May this year, the UAE's Telecommunications Regulatory Authority also blocked 267 websites for fraud.

08/12/2019

Qatar- Banking sector to benefit from surplus fiscal balance, higher outlay on major projects: QCB

Taking advantage of government push for the SME sector development, banks are also focusing on credit to small and medium-sized enterprises, especially for agriculture, livestock and fisheries.

08/12/2019

Expat in the UAE? Ask yourself these financial questions

It's important to know the rules where you're based to prevent any unwanted hassles

08/12/2019

Abraaj’s Naqvi sentenced to prison by UAE court

Naqvi faces fraud allegations in the US and awaits his extradition hearing

08/09/2019

Ex-Barclays bankers face extra charge in Qatar fraud case

The SFO alleges that the men hid payments made to Qatar in exchange for the cash injections.

08/09/2019

Britain ‘conditions retrial’ for Al-Raja’an extradition

The British Ambassador to Kuwait Michael Davenport said the British Secretary of State has approved the extradition but there are still some legal challenges that delay handing over Al-Raja’an to the Kuwaiti authorities.

08/09/2019

Dh10,000 fine for breaking this law during Eid Al Adha in UAE

Authorities called on the public to celebrate Eid in a safe manner.

08/09/2019

Why Expats Shouldn’t Run Away From Debt In The Gulf

The laws seem barmy and archaic. After all, how can someone repay a debt from behind bars?

08/09/2019

Abraaj founder sentenced to prison in absentia by UAE court

Sources say Arif Naqvi has been sentenced to three years in prison for a case involving low-cost carrier Air Arabia

08/09/2019

Important Israeli court ruling on the taxation of trusts

The settlors' report to the ITA argued that the trust should be classified as an Israeli residents trust or an Israeli resident beneficiary trust.

08/08/2019

DFSA, Egypt cbank team up to promote bank safety

The DFSA has enjoyed a close working relationship with its Egyptian counterparts for many years.

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