09/18/2018
Saudi Wealth Fund to Invest $1 Billion in Tesla's Rival Lucid
Funding will enable EV maker to roll out Air sedan in 2020
Legal, Tax, Regulation & Compliance
09/18/2018
Dubai Financial Market accredits SICO as market maker and liquidity provider
Najla Al Shirawi: "We look forward to assist listed companies to improve valuations and attract fresh capital, which will further enhance the confidence of regional and international investors"
09/18/2018
Switzerland seeks bank access to Israeli markets
Israeli authorities focus on EU regulations but the EU doesn’t fully recognise our rules and regulations for political reasons.
09/17/2018
Arrests Spark Selloff in Egypt, Pacing Mideast Losses
In Dubai, the equities gauge fell to the lowest level since January 2016 after breaching a resistance level.
09/17/2018
U.A.E. to Offer Expats Long-Term Residency Visa After Retirement
If implemented, measures could encourage expats to stay on
09/17/2018
Saudi Arabia to auction detained tycoon’s real estate assets -sources
Maan al-Sanea once ranked on Forbes’s 100 rich list
09/16/2018
Dubai DIFC wills service centre offers options to pass on the assets to heirs
Dubai's Law No. 15 was passed in late 2017 and was designed to clarify the administration of Wills for non-Muslims with assets in Dubai.
09/14/2018
Egypt seeks sovereign wealth fund boss
Government announced formation of fund earlier this year
09/13/2018
Andersen Global Continues Expansion in Middle East
Zalloum & Laswi provides in-depth knowledge on a wide range of legal issues to a variety of clients, but typically mid to large sized Jordanian corporations or foreign corporations that require representation in Jordan.
09/13/2018
UAE to begin VAT refund scheme for tourists from November
VAT refunds will initially be available at three airports in Dubai, Sharjah and Abu Dhabi, and will be eventually be extended to 12 points
09/13/2018
Corporate governance in the UAE
Corporate governance in the Middle East is mostly driven by the need for more foreign direct investment in the non-oil producing countries.
09/12/2018
Saudi group seeks to stop banks claiming assets after default
Ahmad Hamad Algosaibi & Brothers Co will oppose the move because assets are meant to be frozen by a royal decree to ensure all creditors are treated fairly
09/12/2018
BBK signs financing deal with Eagle Hills
Eagle Hills Diyar, the developer of Marassi Al Bahrain, is a joint venture between Eagle Hills, an Abu Dhabi-based private real estate investment company, and Diyar Al Muharraq.
09/12/2018
Saudi Wealth Fund to Sign $11 Billion Loan
London-based boutique Verus Partners is advising the Public Investment Fund on the talks, the people said.
09/11/2018
U.A.E. Market Regulator Launches Fintech Controls Targeting Cryptocurrencies
Cryptocurrencies, in particular, have come under scrutiny, due in part to the emergence of ICOs and the volatility of Bitcoin.
09/11/2018
National Bank of Oman hires banks for new dollar bond issue
Meetings with investors in Asia, the Middle East and Europe will begin on September 12, according to the document.
09/11/2018
Saudi IOF signs agreement to develop workforce in finance sector
The Institute of Finance (IOF) in Saudi Arabia signed a Memorandum of Understanding (MoU) with the UAE-based GCC Board Directors Institute (GCC BDI) to enhance cooperation in training and development.
09/10/2018
New guidelines for economic licenses in Abu Dhabi
The new licenses need to obtain a 'No Objection Certificate' for the first year.
09/10/2018
Abu Dhabi issues new rules to ease business
Mohammed Munif Al Mansouri, CEO of Abu Dhabi Business Center, mentioned that the first decision issued on billboards fees was implemented to reduce the cost of issuing economic licenses
09/10/2018
ADGM launches new private financing platform regulatory framework to support start-ups and enterprises
PFPs are online platforms that enable start-ups and smaller enterprises to obtain financing from private and institutional investors to launch and grow their businesses.