05/26/2023
Labuan IBFC Inc. and Qatar Financial Centre Authority enhance strategic partnership
Both parties have signed a renewed MoU to further collaborate on market development and promotional activities
Legal, Tax, Regulation & Compliance
05/26/2023
Saudi Arabia signs energy cooperation deal with Azerbaijan
Agreement outlines cooperation in the field of circular carbon economy and related technologies that seek to mitigate the impact of climate change.
05/26/2023
UAE's corporate tax explained: June 1 start, key elements and exemptions
A standard statutory rate of 9 per cent will apply starting from the financial year beginning on or after June 1
05/25/2023
OQ explores significance of internal auditing to boost governance
It underscores the value contributed by internal auditing departments to their respective organisations.
05/25/2023
UAE Central Bank removes insurance company’s board of directors
Regulator appoints temporary committee for six months to carry out business at unnamed company
05/24/2023
Banque Misr signs deal with Zammit to support micro, small businesses
Founded in 2020, Zammit is one of the promising companies in the field of e-commerce
05/24/2023
UAE Central Bank removes entire board of directors of insurance company
A temporary committee will oversee operations for six months
05/23/2023
3-year UAE work permit plan: FNC approves proposal
Currently, the permit is issued for two years, and it is illegal for anyone to work in the country without the valid paper
05/23/2023
UAE Corporate Tax: New update offers wide scope on investments made by individuals doing business
Property income generated by an individual doing business is exempt - but on non-licenses
05/23/2023
UAE announces 3 new decisions relating to corporate tax
The decisions aim to enhance the flexibility of the country's corporate tax regime and ensure a supportive business environment for all sectors
05/22/2023
Kuwait Finance House – Bahrain concludes ‘Wa’ed’ Graduate Trainee Program
A number of graduates were hired upon successful program completion
05/22/2023
Egyptians Can Now Open Bank Accounts without a Minimum Deposit
These initiatives include different ‘Bedaya’ (beginning) accounts with the aim of tailoring banking services to individual needs and making them more accessible.
05/19/2023
Egypt's central bank leaves key interest rates on hold
As forecast by analysts, the bank left its lending rate at 19.25% and deposit rate at 18.25%, its Monetary Policy Committee said
05/19/2023
Corporate Tax: At Dh1m, UAE ensures sizeable upper limit for individuals in business unlike VAT's Dh375,000
VAT ceiling for individuals doing business is Dh375,000 in annual revenue
05/18/2023
UAE announces key tax rule update for resident, non-resident entrepreneurs
The Ministry of Finance has increased the tax threshold for business or business activities conducted by individuals
05/18/2023
All you need to know about mandatory UAE Unemployment Insurance Scheme
Pay up to Dh120 to receive up to Dh20,000 monthly if you lose your job or face Dh400 fine
05/17/2023
Saudi Arabia modernises arbitration rules
The court will be comprised of 15 Saudi and international expert legal practitioners, retired judges, former leaders of arbitral institutions and academics.
05/17/2023
Lebanon central bank chief did not attend French fraud hearing – judicial source
The three have been charged in two separate cases in Lebanon.
05/17/2023
UAE Central Bank imposes sanctions on 8 banks
The banks did not comply with guidelines on not granting loans to select
05/15/2023
KPMG: Building a regulatory ecosystem conducive to innovation and regulating it
Since governments have become increasingly aware of the importance of these technologies, they have begun taking measures to ensure their citizens have access to these technologies.