06/27/2019
Iran central bank: U.S. sanctions aren't harming oil exports
"The Americans have done whatever they could with the sanctions, but the embargoes have no more use."
Legal, Tax, Regulation & Compliance
06/27/2019
Israel seeks Swiss help in overseas tax crackdown
Untaxed money in accounts in Switzerland has been a target for foreign governments for years
06/27/2019
UAE Central Bank reforms reporting of non-performing loans
Under previous reporting methodology, non-performing loans were overstated
06/27/2019
Israel seeks Swiss help in overseas tax crackdown
Thousands of Israelis have disclosed foreign accounts containing billions of dollars under a government amnesty programme in recent years, as they sought to avoid prosecution in a crackdown on unreported capital.
06/27/2019
UAE extends long-term visas to high earning execs
UAE's long-term residency program will now include execs who earn a monthly salary of AED30,000 or more
06/27/2019
UAE's Federal Credit Insurance Company signs MoU with South African's Export Credit Agency
Agreement to explore, strengthen and enhance bilateral trade between two countries
06/27/2019
Saudi regulator removes cap on ownership for strategic investors
Riyadh-based Capital Market Authority said there are no maximum or minimum limits on the ownership of listed companies for foreign strategic investors
06/27/2019
Belarusian Finance Ministry looking for loans in Persian Gulf
Belarus has already cooperated with the Kuwait Fund for Arab Economic Development in the past.
06/27/2019
CBUAE enhances NPL reporting
For comparative purposes, the Central Bank of the UAE is providing time series reflecting the enhanced NPL ratio methodology covering the last five years.
06/26/2019
Tawazun Economic Program – The Tawazun Economic Council's New Policy Guidelines
Offset programs are considered countertrade mechanisms that are generally connected with the sale of defense products and services to foreign governments.
06/26/2019
UAE Central Bank announces M1 decreases by 0.02%
The reduction in M1 was mainly due to a fall of AED4 billion in Monetary Deposits
06/26/2019
Abu Dhabi reinforces support to private sector with new measures
The announcements culminated in the launch of a major step forward in opening doors to doing business and investing in the Emirate via the ‘Abu Dhabi Instant Licence’.
06/26/2019
Abu Dhabi Financial Group Agrees to Merge With Dubai's Shuaa
Deal will create an investment bank with $12.8 billion AUM
06/26/2019
United Arab Emirates Regulatory Update
The Abu Dhabi Global Markets Authority adopted several amendments to their Commercial Legislation recently in a bid to align with the international best practices.
06/25/2019
Qatar attends Arab finance ministers' meeting
The State of Qatar is taking part in the meeting with a delegation headed by HE Qatar's Permanent Representative to the Arab League ambassador Ibrahim bin Abdulaziz al-Sahlawi.
06/25/2019
UAE monetary base up to AED396.2 bn in May
The CBUAE's current account balance reached AED25.1 billion in May 2019, with banks' required reserve standing AED126.3 billion.
06/25/2019
ALAFCO closes $470m 5 year unsecured Murabaha Facility
This transaction demonstrates the belief and confidence our partners have in ALAFCO, and we welcome them as we seek to develop long-term strategic partnerships going forward.
06/25/2019
People problems between the Gulf and the Horn of Africa
Migration trends threaten to exacerbate the region's socioeconomic troubles.
06/25/2019
Can Istanbul's New Mayor Stem Turkey's Capital Flight?
The election for Istanbul's mayor on June 23 was a rerun of a previous election in March.
06/25/2019
Bank of Bahrain and Kuwait hires banks for potential dollar bond sale
The Bahraini lender is 52.1% owned by Bahrain and Kuwait government entities.