07/08/2019
Aafaq Islamic Finance expands its finance products, launches unique Sharia-compliant credit cards
Aafaq Islamic Finance's expansion in the retail business complements the growing demand for Islamic banking products in the UAE
Legal, Tax, Regulation & Compliance
07/08/2019
ADGM wins international recognition
The FSRA legal team was awarded the “Middle East In-House Legal Team of the year 2019”, “In-House Community Legal Team of the Year 2019 on Banking”, and “In-House Community Legal Team of the Year 2019 on Innovation”.
07/08/2019
Bank of Sharjah given green light to increase debt programme to $1.5bn
The lender also received approval to issue tier-1 bonds subject to approval by authorities
07/08/2019
UAE acts for transparency in tax, financial reporting
The OECD's BEPS project, endorsed by the G20 countries, was commissioned with a view to bringing more substance, coherence and transparency to the international taxation system
07/05/2019
Princess Haya Bint al-Hussein: The Dubai royal 'hiding in London'
The current ruler of Jordan, King Abdullah II, is her half-brother.
07/05/2019
Qatar financial regulator fines and bans directors of Guardian Wealth
The action taken by the Regulatory Authority emphasises the standards required of directors of authorised firms to ensure effective governance standards, systems and controls.
07/04/2019
Expat tycoons welcome UAE's new investment policy
The sectors include agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction, entertainment among others," Sheikh Mohammed tweeted.
07/04/2019
Jared Kushner’s ‘deal of the century’ fails in Bahrain
Among the Arab countries, Saudi Arabia, the United Arab Emirates and Qatar have all reportedly signed up to attend the conference, while U.S. officials announced that Egypt, Jordan and Morocco also participated. Kuwait and Oman did not attend.
07/04/2019
Qatar central bank says sells 600 million riyals of t-bills
100 million worth of nine-month t-bills were sold at 2.23%
07/04/2019
Foreigners can now have 100% ownership in 13 sectors in the UAE
The UAE is a growing global business hub.
07/03/2019
Investments of UAE banks in Saudi Arabia and Egypt exceed $24 billion
The United Kingdom holds the largest share of investments from UAE banks and their subsidiaries
07/03/2019
UAE approves 13 sectors eligible for up to 100% foreign ownership in bid to spur investment
The UAE cabinet has approved 122 economic activities across 13 sectors eligible for up to 100 percent foreign ownership.
07/03/2019
Swiss FINSA and what it means to Middle East investors
The new provisions will apply to the financial institutions providing financial services, but also to their employees, directly.
07/03/2019
Trial starts for Franco-Israeli man accused in carbon credits scam
Stephane Alzraa, who was extradited from Israel, charged with organized fraud, aggravated money laundering and criminal conspiracy in $57 million scheme
07/03/2019
Tax Regulation In The GCC
The main objectives for the formation of GCC countries are for the common currency, common market and customs union which was set forth by the GCC supreme council.
07/03/2019
Brexit: Investments in the UK by UAE banks surges 23% to $16.6bn
United Kingdom is the fastest growing market for UAE lenders
07/02/2019
Atlas Wealth Management expands to Dubai with DIFC office
"The new office in Dubai is a testament to our commitment to the Australian diaspora when it comes to providing them world class financial advice" said James Ridley, managing director, APAC.
07/02/2019
Oman Faces Cash Crunch Amid US-Iran Tensions
Oman faces a serious cash squeeze due in part to factors beyond its control and in part to factors of its own making.
07/02/2019
CBE confirms strength of banks' financial positions by end of 1st quarter of this year
The CBE noted that the LDR in local currency reached 40.1% in March 2019, from 39.3% in December 2018.
07/02/2019
United Arab Emirates: Debt Recovery In UAE
"If you would know the value of money try to borrow some."- Benjamin Franklin