06/24/2019
Saudi Arabia Full member of the Financial Action Task Force
In 2015,the Kingdom received an invitation from the FATF to join the Group as an observer.
Legal, Tax, Regulation & Compliance
06/24/2019
Saudi Arabia's expat permanent residency to cost US$213,000
You can now live, work and play in Saudi Arabia without a sponsor
06/23/2019
The new DIFC Employment Law – key provisions
The New Employment Law does not carry through all of the proposed amendments from the draft law, but introduces some new provisions.
06/23/2019
UAE first to launch UN-developed anti-money laundering platform
The UAE is the first to launch the goAML platform in the GCC
06/23/2019
Financial laws compliance is a must for companies in UAE
Biggest challenge companies face is implementation as it entails additional costs
06/21/2019
Saudi Arabia, Japan sign new agreements
Japan is the Kingdom’s second-biggest source of foreign capital and its third-largest commercial partner
06/21/2019
Dubai regulator warns investors about Cyprus scam
Fraudsters impersonating island’s financial watchdog
06/21/2019
Former Barclays boss cleared in Qatar fraud case
Mr Varley has been acquitted on both counts.
06/21/2019
Israel: First court decision issued on taxation of Bitcoin transactions by individuals
The tax authorities took the position that Bitcoin should not be regarded as currency or foreign currency.
06/20/2019
Israel should wait for peace plan before West Bank annexation, says Jason Greenblatt
'I don’t think anyone should make unilateral moves until we at least reveal the plan,' he said
06/20/2019
Turkish, Japanese business circles eye further cooperation in Africa
He said Turkish businesspeople were interested in the promotion of various sectors and attracting bilateral investment, especially in IT, energy, infrastructure construction, and the automotive industry, thanks to "genuine" partnerships.
06/20/2019
A Big Absence In Bahrain
Upcoming economic conference seen hampered by missing key partner: the Palestinians.
06/20/2019
Fraudulent company attempted to swindle money in Bahrain
On its website, National Investment Bank promises to provide “ultra-low spread” and encourages the website visitors to “start trading now”.
06/20/2019
FIAU made 12 requests for information to UAE in 2018
17 Black was incorporated in Dubai and had its account at Noor Bank, which was opened in 2015, closed in 2018.
06/20/2019
Palestinian finances near collapse as cuts deepen: monetary chief
Palestinian Authority accumulates $3bln in debt
06/19/2019
More UAE banks to merge, KPMG predicts
Firm's latest analysis of GCC banks' results forecasts more consolidation in overbanked markets such as UAE and Oman
06/19/2019
Cryptocurrency platform HAYVN approved by Abu Dhabi regulator
The platform also plans to get approvals from UK regulators.
06/19/2019
UAE's FAB to close Qatar operations
"FAB's decision to close its QFC branch follows many months of baseless actions by the QFCRA."
06/19/2019
Dubai suspends licence of company in DIFC
The company RCL provided corporate and investment advisory services to individuals
06/19/2019
Boutique Firm Led by Ex-UBS Banker to Bid for Abraaj Funds
Tell Group is offering $25 million to manage seven funds