12/11/2018
Exempted companies to operate locally
With the proposed legislation, the Cayman Islands government is reacting to pressure from the European Union, which considers parts of Cayman’s tax regime as harmful.
Legal, Tax, Regulation & Compliance
12/11/2018
Israel Admitted to Global Anti-Money Laundering Organization
Israel’s accession to the 38-member international anti-money laundering body marks a notable turnaround from 2002, when it was still on the FATF’s blacklist of tax havens.
12/11/2018
Abu Dhabi Police warn against fake banking websites
Urge public to be cautious of links handing out special offers
12/10/2018
ICAEW recognises Middle East's best finance professionals
Industry professionals from across the Middle East attended last night's gala event, which included keynote address from Frank Gardner, BBC's Security Correspondent and British journalist.
12/10/2018
Aleema to face money laundering case if evidence found: adviser
The prime minister's sister was slapped with a double penalty (taxes and fine) because she did not disclose the said property worth around Rs74 million.
12/07/2018
CBK prepares draft law regulating bankruptcy & restructuring banks
Move to promote financial technology industry
12/07/2018
CBRE and Excellerate Announce Plans for Africa and Middle East Joint Venture
The formation of CBRE Excellerate is subject to customary closing conditions, including government approvals, and is expected to be completed in the first half of 2019.
12/07/2018
Bahrain cbank issues final rules on open banking
Open banking services entail the provision of two broad categories of services, said the top official.
12/06/2018
DFSA signs MoU with Bank Negara Malaysia
The MoU anticipates the presence of Malaysian institutions, including those offering Islamic Finance, in the Dubai International Financial Centre, and formalises arrangements for regulatory cooperation and establishes a framework for exchange of informati
12/06/2018
Dubai’s ruler snubs Kuwait request to release frozen funds
Kuwait’s prosecutors have charged two Port Fund directors for allegedly embezzling funds that the Kuwait Port Authority and the Public Institution for Social Security had invested in Port Fund.
12/05/2018
Court cuts penalty in Dhs1.4m scam bid
The Criminal Court jailed the businessman, official and banker for three years plus deportation and ordered each to pay Dh14, 000 plus a Dhs5,000 fine.
12/05/2018
Dubai Financial Market Signs Memorandum Of Understanding With Awqaf And Minors Affairs Foundation
It is noteworthy that DFM has launched a securities endowment service in 2017 as part of the “Year of Giving” initiatives and has accelerated its efforts to promote the securities endowment culture this year as part of the “Year of Zayed
12/05/2018
Etihad Credit Insurance partners with Natixis to expand UAE businesses' global footprint
The areas of cooperation between ECI and Natixis include support for UAE businesses by educating them through a series of seminars and workshops on commercial and political risk mitigation, mutual collaboration in export finance solutions, and the exchang
12/05/2018
QCB Governor calls for diversifying Waqf investments
He also called for diversifying Waqf investments to cover different sectors, QNA reported.
12/05/2018
SFO charges failed — but Barclays did not get off lightly
It is hard to bring cases against companies, but compliance problems can still be time-consuming and damaging
12/04/2018
Saudi's AHAB turns to new bankruptcy law to settle with creditors
Saudi banks and some international creditors are among those not in agreement.
12/03/2018
StanChart likely to axe Dubai, Singapore jobs amid cost reductions
The bank is weighing a plan to simplify its structure, reduce funding expenses and free up liquidity, people familiar with the matter said earlier this week.
12/03/2018
QCB not to interfere in local banks' merger talks: Governor
When the operating environment becomes tight for a large number of smaller banks, the shareholders initiate the talks to reap the maximum benefit through reducing corporate risk and stabilising earnings.
12/03/2018
Qatar-UK talks commit to boosting trade
The UK ranked as Qatar’s 8th largest trade partner, with a total of $3bn worth of traded goods in 2017.
12/03/2018
Qatar seeks to strengthen trade ties with UK
The Qatari minister highlighted that meeting marks another milestone in the development of British-Qatari relations, and demonstrates that ties remain strong, which reflected positively on the volume of bilateral trade and investments.