10/01/2018
e-payments to be regulated by Kuwait Central Bank
Al-Hashel added that a team of experts has been assembled to look into the most cutting-edge financial services and products to help the sector grow.
Legal, Tax, Regulation & Compliance
10/01/2018
Sharjah banks deny three-way merger talks
Last week, it was reported that the Bank of Sharjah, Invest Bank and United Arab Bank were engaged in merger talks.
09/28/2018
How the United Arab Emirates became an oasis for tax evaders
The enterprising and tax-shy can still exploit loopholes in the system
09/27/2018
Dubai world's first city to enable investors to start business from remote locations
The partnership will enable investors overseas to use a network of 650 business centres spread across 85 cities in 45 countries to start a business in Dubai.
09/27/2018
CBK clarifies on guidelines for e-payment transactions
All e-pay methods are subject to the scrutiny of the CBK.
09/27/2018
Saudi Arabia, UAE, Bahrain, Kuwait to enter key JP Morgan bond indexes
The indexes are key performance benchmarks for international investors in emerging market debt
09/27/2018
Saffery Champness opens fourth international office
A permanent office has been established to support and expand the firm’s intermediary network and assist with servicing existing clients across the Gulf Co-operation Council (GCC) and wider region.
09/26/2018
Al Ahli Bank of Kuwait Marks Its First International Capital Markets Issuance
The transaction was very well received by international investors, culminating in an orderbook twice oversubscribed at the initial price level.
09/25/2018
IFC signs agreement with Banque Misr to support female entrepreneurs
The statement added that IFC will support the bank in helping informal micro businesses, often owned or led by women, move to the formal sector.
09/25/2018
UAE banks group considers asking for ease in mortgage rules
They added that the CEO Advisory Council, made up of bank chief executives, is considering the proposal and, if approved, will suggest it to the central bank.
09/25/2018
Abu Dhabi global market issues public consult on bank recovery and resolution regime
The introduction of this regime underlines FSRA’s commitment to international standards and best practices
09/25/2018
Turkey reinforces monetary tightening with fiscal caution
However, the government acknowledges inflation will remain well above target over the coming years.
09/24/2018
Dubai Chamber to head working group on SME banking challenges
Establishment of working group was among key recommendations outlined by industry experts
09/24/2018
IFRS 9 adoption seen to strengthen provision coverage at Qatar banks
Under the new IFRS 9 standard, banks and financial entities will be mandated to set aside a certain proportion of profit against losses for unseen reasons.
09/24/2018
Kuwait central bank looks to regulate ‘e-payment’ system
Bid to propel banking sector
09/24/2018
Leaving UAE? Know these rules to avoid legal hassles
Your may liquidate the company and close the bank account and cancel his visa, before travelling to his home country.
09/21/2018
Casa calls on Dubai Bank to release 17 Black information
David Casa called on Noor Bank to publish any identifying information concerning the UBO of 17 Black and the transfers carried out through 17 Black
09/21/2018
Emirates said to seek Etihad takeover to create world’s largest airline
A combination of the airlines would provide further evidence of the sheikdoms consolidating businesses to boost competitiveness.
09/20/2018
Turkey seeks to attract investors through citizenship
Whereas previously real estate investors needed to buy a property for a minimum of $1 million, now a minimum $250,000 would be sufficient.
09/18/2018
Investors hope central banks will extend a rescue line to ailing emerging markets
The pressure to hike will be particularly strong for Brazil and SA, both of which have seen their currencies plunge this year