07/22/2018
The Turkish lira has been hammered this year, losing a fifth of its value against the US dollar, on concerns about the central bank’s ability to rein in double-digit inflation, while Erdogan has repeatedly called for lower interest rates.
07/20/2018
At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues.
07/20/2018
The financial community in Dubai say stricter laws would help ensure employees are protected in the event their employer goes into insolvency
07/19/2018
New legislation will help protect employees in the event a company goes into insolvency, according to local experts
07/18/2018
At this time, all products and services previously offered by Dubai First will remain the same in terms of proposition, name, look and feel.
07/18/2018
Financial advisers in the Emirates could be caught in a ban on telesales, if a ruling by the country’s property regulator is copied for financial services.
07/18/2018
DIFC announced new companies from various parts of the world joined the centre during the first half of 2018.
07/17/2018
Number of active registered companies increased by eight percent in the first six months of 2018
07/17/2018
This will also require the revision of existing products and services of these institutions to be in compliance with AAOIFI standards.
07/16/2018
Blockchain technology is a decentralized public or private ledger that records transactions between two or more parties.
07/16/2018
Miguel Zaldivar is the first American partner to oversee the region for the firm. He wants to improve the interconnection between the firm's practices in the Asia Pacific/Middle East and its practices in the U.S. and Europe.
07/16/2018
Saudi Arabia will introduce its first comprehensive bankruptcy law on Aug. 18
07/16/2018
Rare bit of good news for private equity company fighting for survival
07/13/2018
A growing number of companies have declared that they have direct or indirect exposure to the troubled private equity firm.
07/13/2018
Mashreq Bank owns shares in the buyout firm and its subsidiary, while CBD is exposed through secured credit facilities
07/12/2018
Capital gains tax will be extended to cover disposals of commercial real estate and to indirect disposals
07/11/2018
Swiss Attorney General Michael Lauber says up to $7bn in funds flowed through 1MDB state-own fund in Malaysia.
07/11/2018
Move deepens president’s role in naming central bank officials
07/10/2018
Al Mulla defended his client Naqvi, telling the UAE daily that “there was a loan given by the Jafars to Abraaj Group and to Arif – $200m to Abraaj and $100m to Arif – against which they took cheques as security.”
07/09/2018
"The quality we have is one of the best in the world," caretaker Economy and Trade Minister Raed Khoury.