07/21/2023
Turkish Central Bank raises policy rate 250 basis points to 17.5%Turkish Central Bank raises policy rate 250 basis points to 17.5%
1-week repo rate in Türkiye reaches 22-month high level after 2nd hike in a row
Legal, Tax, Regulation & Compliance
07/20/2023
Turkey Gets $51 Billion Pledge of Economic Support From UAE
The United Arab Emirates pledged to ramp up support for Turkey’s embattled economy, with the two countries agreeing provisional deals they say could be worth more than $50 billion.
07/20/2023
Aramco, OQ Technology sign MoU to enhance satellite IoT connectivity at remote sites
The deal will see OQ Technology expand its Low Earth Orbit 5G-IoT services and solutions
07/20/2023
Dentons advises Joint Lead Managers on Sobha Realty issue
The Trust Certificates were assigned a rating of Ba3 by Moody's Deutschland GmbH and a rating of BB- by S&P Global Ratings Europe Limited.
07/20/2023
UAE, Turkey sign accord, strategic agreements valued at $50.7bn
The countries signed a joint accord to establish a high-level strategic council, further cementing ties between the UAE and Turkey
07/18/2023
For UAE corporate tax for free-zone companies, what constitutes ‘adequate substance’?
Corporate tax rules require free zone entities to have clearly measurable stakes on ground
07/18/2023
Saudi Arabia and Turkey sign agreements on energy, defence and other fields
Turkey's President Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, witnessed the signing ceremony of the bilateral agreements between the two countries
07/18/2023
St. Kitts & Nevis seeks to expand its diplomatic footprint in the Middle East and other countries
The foreign minister also said that the Federation is looking to expand its diplomatic presence in the Middle East and North Africa.
07/18/2023
UAE, Japan ink 23 agreements, MoUs during business forum
The agreements cover sectors including energy, industry, advanced technology, AI, space, health, transport, conservation and circular economy
07/17/2023
UAE has made significant progress in combatting financial crime - Hamid AlZaabi
We’ve improved the capacity, skills, and effectiveness of law enforcement authorities in the UAE to detect and investigate money laundering cases, the founding Director General of the Executive Office for Anti-Money Laundering and Counter Terrorism
07/14/2023
KPMG's staff in Bahrain to help groom 25 summer interns
“We truly believe that it is through the cultivation of young talent that we can build a vibrant, sustainable, and prosperous future for the Kingdom.”
07/14/2023
DIFC continues to drive action on global climate change on path to COP28
Announces Future Sustainability Forum in Dubai
07/12/2023
Baker & McKenzie consults on 40 deals this year: Executive partner
The Egyptian government announced at the end of last February its intention to offer shares in about 32 companies over the course of a full year, whether the offering will be public through the stock exchange, to a strategic investor, or both.
07/12/2023
The BIBF holds its second Board meeting of 2023
The meeting was attended by members of the Board of Directors and Executive Management, headed by the CEO Dr. Ahmed Abdul Hameed Al Shaikh, to discuss the agenda items and the institute's executive action plan
07/06/2023
The Central Bank of Bahrain signs a Memorandum of Understanding with Naisbitt King
The signed MoU aims to facilitate 3-6 month internship opportunities in the United Kingdom for employees from the Ministry of Finance and National Economy (MOFNE) and the CBB
07/05/2023
587 complaints for financial and administrative irregularities dealt with: SAI
The SAI report highlighted the outcome of various actions taken during the past year.
07/04/2023
Sharakah and Muscat Finance ink deal to drive SME growth
The deal outlines a comprehensive framework for collaboration, encompassing various key areas
07/04/2023
CBO issues financial stability indicator
The CFSI will be updated annually and made available to the public through the annually published Financial Stability Report, with the objective of enhancing transparency and ensuring that vital information reaches a wide range of stakeholders.
06/30/2023
Turkiye to boost apex bank’s foreign reserves amid lira slide
The lira fell to 26.10 against the dollar on Tuesday, surpassing last week’s all-time low of 25.74.
06/29/2023
UAE national banks provide $201bn in financing by April
The banks increased their credit balance by Dhs2.1bn or 0.3 per cent in April 2023, up from Dhs735.2bn a month earlier