01/10/2019
Too many expats in UAE still view advisers as untrustworthy
Advisers facing many challenges as CFA Institute survey shows lack of satisfaction among clients
Legal, Tax, Regulation & Compliance
01/10/2019
Saudi private jet industry stalls after corruption crackdown
Riyadh launched anti-corruption crackdown in late 2017
01/10/2019
Egyptian asset manager Rasmala bought by Italy's Azimut
Deal marks the Italian firm's first move into Africa
01/10/2019
Man Group to fight $156m Kuwaiti lawsuit
A Kuwaiti state pension fund has sued the hedge fund in a UK court
01/10/2019
Saudi 'corruption' purge grounds country's private jet fleet: Report
Dozens of jets worth hundreds of millions of dollars are stranded at airports across Saudi Arabia, Reuters reports
01/10/2019
Annual Meeting Of Arab Finance Deputies Starts In Abu Dhabi
Today’s agenda included a presentation of three working papers.
01/09/2019
Over 3,000 expats' contracts to be terminated in Kuwait
Like its oil producing peers, Kuwait is trying to build a more diversified economy but is also willing to favour its national workforce.
01/09/2019
Andersen Tax Expands in Turkey
Andersen Tax in Turkey is the only firm which has five offices in Turkey
01/09/2019
Central Bank issues coins on Asian Cup
The face is the same as the one dirham coin in general circulation while the back depicts the Cup’s logo.
01/09/2019
Bahrain takes the lead on 'open banking' in the Middle East
Banks must notify the CBB where delays in implementation are anticipated, along with their plans to remedy such delays.
01/09/2019
Turkish Journalist Sentenced To Prison Over Paradise Papers’ Investigation
An Istanbul court has sentenced ICIJ member Pelin Ünker to imprisonment for 13 months after being found to have defamed her nation’s former prime minister and two of his sons.
01/09/2019
Data Protection Predictions 2019
The GDPR appears to have resulted in a big shift away from consent as the processing condition relied upon for the majority of commercial processing activities.
01/08/2019
Standard Chartered STILL on the hook over Iran deals as it faces £1.2bn fine in US
StanChart will be saddled with an independent monitor until the end of March
01/08/2019
The Fry Group receives rubber stamp for Dubai business
The firm plans to use Dubai as a platform to offer its services in the local market and across the wider Gulf region.
01/08/2019
UAE bank bailout points to restructuring, mergers
After two of the UAE's biggest lenders, First Gulf Bank and National Bank of Abu Dhabi, merged in 2017 to become First Abu Dhabi Bank
01/08/2019
Qatar establishes General Tax Authority
GTA has been established as a separate entity, under the supervision of the Ministry of Finance, and is in line with Qatar’s plans to reduce the country’s dependence on hydrocarbon resources.
01/08/2019
DFSA regulatory accepts seven new firms to apply for an Innovation Testing Licence
The Innovation Testing Licence forms part of the DFSA’s commitment to support innovation and the development of financial technology.
01/08/2019
Mohammed Bin Rashid Approves DIFC’s New Expansion Plan
His Highness said that developing the financial sector is a priority that supports the economic future of Dubai
01/08/2019
No more chauffeur service for these Emirates passengers
Decision has been taken after careful review of customer feedback and operational considerations.
01/08/2019
Dubai waives bank guarantee requirement for tourism firms, to issue Dh250 million in refunds
Dubai scraps requirement for companies to set up bank guarantees