03/13/2019
Israeli bank to pay $195M for US tax-avoidance scheme
The bank agreed to pay the government $53 million in restitution
Legal, Tax, Regulation & Compliance
03/13/2019
UAE banking sector remained positive during the fourth quarter of 2018
Capital Adequacy Standards in line with international regulatory framework: Central Bank
03/12/2019
UAE legal overhaul could trigger adviser exodus
"The biggest casualties will be the financial advisers for whom years of profiting from high commission paid up front for sales is drawing to a close. Their number has halved in recent years and it could drop by another 80%," he added.
03/12/2019
Watch: Dubai warns residents of these top 3 scams
Scammers in Dubai also posed as officers from Bur Dubai Police Station to fool victims
03/12/2019
Central bank sees UAE GDP growth at 3.5% in 2019
Overall economic expansion for fourth quarter of 2018 estimated at 4.4%
03/12/2019
Kuwait Refuses Release of Female CEO Held Over a Year on False Charges
Executive's continued detention rattles international investors' faith in Kuwait
03/12/2019
Egypt’s first sovereign wealth fund to tap unused assets
“It is designed to contribute to Egypt's sustainable development through the efficient management of its assets according to the world's top standards and rules for the maximization of their value for the nation's future generations,&
03/12/2019
Dubai-based Oman Insurance says blocked from Qatar
The UAE, Saudi Arabia, Egypt, and Bahrain had cut political, trade, and transport ties with Qatar in June 2017 and accused the nation of backing terrorism, a charge that Doha denies.
03/12/2019
EU to add Bermuda, Aruba to tax haven list, Italy against EAU listing
Other jurisdictions in the Caribbean and the Pacific Ocean are set to complete the updated list.
03/11/2019
OurCrowd and Social Finance Israel Launch $30M Impact Fund
The Impact Fund will provide diversified exposure to impact-driven businesses
03/11/2019
Pakistan set to receive US$ 2 billion (Dh7.35 billion) deposit from the UAE
The new deposit is part of the UAE’s $3billion pledge to support Pakistan’s economy
03/11/2019
DIB shareholders approve $5 billion Sukuk issuance programme
Dubai Islamic Bank shareholders approved a resolution to authorise the board to issue senior Sukuk or similar debt instruments.
03/11/2019
UAE economy to grow 2.5% in 2019: central bank
It said economic activity in the non-oil sector would improve further in 2019 due to the effects of fiscal stimulus packages announced by Abu Dhabi and Dubai.
03/11/2019
Could ICOs be a better way to raise money?
That would make the UAE one of the first countries to establish clear guidelines for ICOs in what is largely an unregulated, opaque corner of the financial services sector.
03/11/2019
Turkey Enters First Recession in a Decade as Elections Loom
That matched the median estimate of economists in a Bloomberg survey.
03/11/2019
ESCA, ADGM AND DFSA Launch Fund Passporting Legislation
His Excellency noted that the implementation of the Passporting Agreement will enhance the UAE's position as an international financial centre and a platform for entrepreneurship.
03/11/2019
US Citizenship Specialists, American Dream, to Focus on Middle East Investors
EB-5 citizenship-by-investment programme extended until end of September 2019
03/08/2019
UK investigators criticised over Qatar fundraising probe
Bankers laughed at suggestion Qatar’s premier would provide services to Barclays
03/08/2019
Banker stands trial for embezzling Dh306k from customer's account
The case was registered at Bur Dubai police station.
03/07/2019
DFSA Restricts Former Relationship Manager
The firm did not know about Mr Mukherjee’s misconduct at the time it occurred and took appropriate action after discovering it, including informing the DFSA.