07/11/2019
Economic Substance Rules: How Can They Impact Your Business in the UAE?
The European Union has however, with effect from 1 January 2019 changed, the playing fields regarding the conduct of business in this way as is explained below.
Legal, Tax, Regulation & Compliance
07/11/2019
Dubai financial regulator warns of easy loan scam
The scammers use false certificates of incorporation, which the DFSA doesn't issue
07/11/2019
Turkey’s competition authority approves Emirates NBD taking over Denizbank
The deal was stalled for eleven months.
07/11/2019
UAE equity indices ended way higher than expected as the expectation had fallen due to unforeseen issue
This was as other developing business sector stocks declined for the third day as their monetary forms likewise debilitated on desires for a more grounded US dollar.
07/11/2019
Local Press: UAE banks ready to face domestic and external risks
The Central Bank of UAE keeps a constant watch on risks that could affect the sector.
07/11/2019
DIFC introduces new business licensing categories, fees
The new enhancements to the licensing regime are in response to market needs and exemplify DIFC’s commitment to providing a nurturing business environment balanced with appropriate levels of protection, in accordance with international best practice
07/10/2019
UAE Introduces Mandatory Country By Country Reporting Article by Grant Thornton
In 2018, Organization of Economic Development announced that the UAE has become a member of the Base Erosion Profit Shifting inclusive framework.
07/10/2019
Turkish Currency Falls After Erdogan Fires Central Bank Head
Murat Çetinkaya refuses to obey president’s demand to lower interest rates, and economists now fear loss of confidence in lira.
07/10/2019
DFM And DIFC Launch “Dubai Sustainable Finance Working Group”
The multi-stakeholder Group held its first meeting at the DFM premises to discuss the action plan that will focus on combining Dubai’s finance sector’s initiatives to create a sustainable financial hub in the region
07/10/2019
Abu Dhabi Global Market welcomes digital bank applications to its international financial centre
Welcomes local and global applications to establish digital banks in its International Financial Centre based in Abu Dhabi
07/10/2019
Scam alert: Fake bank operating in Dubai claims to offer easy loans
Dubai Financial Services Authority warns residents of new bank scam
07/09/2019
QCB's foreign exchange reserves rise to $52.7bn in May: QNB
The fiscal account surplus widened to 3.4% of GDP in fourth quarter (Q4) of 2018.
07/09/2019
Doha Bank announces QR5,000 cashback on loans
Customers choosing an insurance policy with a premium of $165 and above can avail QR2,500 cashback, while those selecting $225 or more are in line to receive QR5,000 cashback.
07/09/2019
The UAE Introduces Mandatory Country By Country Reporting
In 2018, Organization of Economic Development announced that the UAE has become a member of the Base Erosion Profit Shifting inclusive framework.
07/09/2019
Is the UAE financial system FATF-ready?
The UAE faces its first mutual evaluation by the Financial Action Task Force since the global financial crisis this month. But how prepared is it?
07/09/2019
UAE banking system has sufficient capitalisation and liquidity reserves, says Central Bank
A new report from the UAE's Central Bank found that lending growth slowed during 2018 when compared to the previous year
07/09/2019
EFF to mobilise around $38.6 billion financing over three years: IMF
The first 12 months are fully financed with the expected support from multilateral development banks and bilateral creditors
07/08/2019
UAE acts for transparency in tax, financial reporting
What do new annual compliance requirements for entities carrying out 'relevant activities' mean for firms?
07/08/2019
Creating a future through sustainable financing
There is a growing international consensus that sustainability considerations must be at the forefront of all decision making, as our medium to long term wellbeing depends on a healthy environment supported by sustainable economic and social development.
07/08/2019
UAE banking system strong: Central Bank
Financial Stability Report 2018 finds banks liquid and well capitalised