03/14/2019
CBQ to power opening round of MERC in Qatar
Al Atya has over 50 rally starts and he has gone on to win many international rallies.
Legal, Tax, Regulation & Compliance
03/14/2019
Dubai and Hong Kong to forge strong investment, trade ties
Dubai FDI and HKTDC also agreed to cooperate on trade and economic information sharing; provide support by facilitating network platforms for companies keen to expand business in both markets; and extend support and assistance to visiting delegations seek
03/14/2019
Law tackling gray economy by limiting cash deals lurches real estate market
Finance Ministry’s chief economist finds a rise in deals as buyers rushed to complete purchases before new regulation to curb tax evasion came into force on January 1
03/14/2019
DFSA signs MoU with Bank Al Maghrib
The MoU also provides for coordination and cooperation in relation to applications to establish a branch in either jurisdiction.
03/14/2019
UAE regrets inclusion in EU tax blacklist
"The UAE remains firmly committed to its long-standing policy of meeting the highest international standards on taxation," it said.
03/13/2019
Dubai-based crypto firm to stop using Alibaba name
ABBC Foundation has agreed to stop using trademarks that include the term 'Alibaba' following a long-running dispute with Chinese e-commerce company Alibaba Group
03/13/2019
QFC signs MoUs with Paris Europlace, Finance Innovation to support Doha’s digital industry
The agreements aim to support the development of the digital industry in Qatar
03/13/2019
Israeli bank to pay $195M for US tax-avoidance scheme
The bank agreed to pay the government $53 million in restitution
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.