02/18/2019
Falcon to discontinue UK operations
Falcon will continue to provide custodian services to its UK clients, whose wealth management needs will be served by Dolfin upon completion of the transaction.
Legal, Tax, Regulation & Compliance
02/17/2019
Turkish central bank changes reserve levels to encourage lending
Economy is on track to cap 2018 with two consecutive quarters of contraction
02/17/2019
Yaser Dajani: A corporate sleuth for the digital era
Snooping through trash bins for clues? That’s so ’90s, says the investigator using high-tech skills to stay ahead of the pack
02/14/2019
Growing demand for second passports: Vazir Group
Vazir Group, the UAE-based migration services firm, reports a growing demand in the region for second passports and permanent residency visas.
02/14/2019
EU adds Saudi Arabia to dirty-money blacklist, upsets Britain
Apart from reputational damage, inclusion on the list complicates financial relations with the EU.
02/14/2019
Khalifa Fund signs MoU with Central Bank of UAE
The agreement allows the fund to deduct the amount due from entrepreneurs
02/14/2019
UAE Insurance Authority pushes ahead with stringent life insurance regulations
The government body published the third draft of its new measures, firming up its bid to overhaul the life industry
02/14/2019
Saudi central bank governor sees no impact from EU decision
The EU added Saudi Arabia, Panama and four US territories on Wednesday to a blacklist of nations seen as posing a threat to the bloc
02/14/2019
Saudi investment is ‘bilateral’: Qureshi
During prime minister's visit to Riyadh, Saudi leadership desired to turn the friendly relations into a strong economic partnership, he added.
02/13/2019
UAE regulator drafts commissions cap
The ruling - while only a draft at this stage - could see a large number of financial advisers within the region forced to take a dramatic cut in earnings or potentially move to a fee-based model.
02/13/2019
World Bank to Establish its UAE Office in Abu Dhabi Global Market
The agreement was signed by Issam Abousleiman, Country Director for the GCC countries, World Bank Group and Khalid Al Suwaidi, Chief Operating Officer, ADGM.
02/13/2019
More deals signed as Jordan, Kuwait wrap up joint panel meetings
The two sides signed 17 agreements, memoranda of understanding and executive programmes in various fields to enhance cooperation.
02/12/2019
Supermodel’s Tax Fight Helps Prompt Israel to Redefine Residency
Trust Bloomberg Tax for the international news and analysis to navigate the complex tax treaty networks and global business regulations.
02/12/2019
John Varley faced walking ‘the plank’ if Qatar rescue had failed
Barclays fraud trial hears replay of senior executive speculation on CEO’s fate
02/12/2019
Morgan Lewis to open office in Abu Dhabi
The firm will open an office in Abu Dhabi on March 1 as its 31st office worldwide, adding to the firm’s existing strengths in Dubai.
02/12/2019
Saudi banking regulator launches regulatory sandbox to test FinTech
The initiative will help the Saudi Arabian Monetary Authority understand and assess the impact of new technologies on the financial services market
02/12/2019
Bank interest and dividends outside the scope of VAT: UAE Federal Tax Authority
H.E. Khalid Al Bustani: The UAE's tax system stands out for its transparency and accuracy and takes into account the establishing of an environment that facilitates efficient and smooth business operations.
02/11/2019
Qatari media tiptoes around reporting of Hamad bin Jassim, Barclays scandal
Al Jazeera reported that the bankers used side deals to “induce” the Qataris to invest, in a desperate attempt to keep the bank afloat
02/11/2019
Caribbean citizenship dreams in jeopardy?
Allegations of fraud fly thick as hundreds of applicants from GCC seek second passports
02/11/2019
CBE says 1st phase of export risk guarantee company completed
The project reflects keenness of the CBE to create a favourable climate for Egyptian businessmen to invest in Africa, and to ease trade exchange between Egypt and African countries, she added.