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.
Legal, Tax, Regulation & Compliance
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.
08/08/2019
QCB announces Eid holidays for banks
It said in a statement that the banks will reopen to the public on Wednesday, August 14.
08/08/2019
Masayoshi Son hurries out Vision Fund 2 before market turns
SoftBank founder does not want to see high valuations of investments cut
08/07/2019
Zurich and Equiom to run DIFC savings scheme
Defined contribution plan is set to launch from January 2020
08/07/2019
Fraudsters target UAE jobseekers with fake migration offers
Malhotra claimed that they have found patterns through most complaints.
08/07/2019
Dubai Financial Services Authority Signs MOU with the Central Bank of Egypt
The MoU was signed by Mr Bryan Stirewalt, Chief Executive of the DFSA, in Dubai on 28 July 2019 and by HE Tarek Amer, Governor of the CBE, in Egypt.
08/06/2019
Domestic banks’ cross-border assets concentrate in Europe
The rebound in non-resident deposits provided the growth momentum while placements and borrowings from the foreign financial institutions also improved quiet substantially.