06/04/2018
Citizenship for sale: how the rich shop for new passports
Citizenship-by-investment programmes offer the super-rich an opportunity to acquire a new nationality
Legal, Tax, Regulation & Compliance
06/04/2018
Saudi conglomerate aided fraud against 100 banks, judge rules
The judge found that the alleged scheme was so complex that it couldn’t be unwound.
06/03/2018
Emirates NBD signs Pioneers Waseet for clearing services
Emirates NBD has added several clients to its growing portfolio making it the market leader in providing clearing and settlement services
06/03/2018
Court rules Saudi firm complicit in ponzi scheme ‘worse than Madoff’
Cayman Islands chief justice Anthony Smellie described the AHAB dispute as “one of the largest Ponzi schemes in history”
06/01/2018
US firm said to walk away from Abraaj fund unit deal
Sources say Colony NorthStar Inc has ended talks to buy a majority stake in the fund-management unit of embattled Abraaj Group
06/01/2018
Bahrain should consider corporate income tax: IMF
Bahrain was one of the hardest-hit Gulf economies after oil prices began falling in 2014, with authorities seen slower to react than countries such as Saudi Arabia.
06/01/2018
Cayman’s longest court case: A ‘cauldron of fraud’
Cayman courts unravel Saudi family feud
05/31/2018
Dubai Cancels Corporate Fines to Boost Business
The residential property market is slumping with prices down by 4.2 per cent from a year earlier in the Q1, according to a central bank report released on Tuesday.
05/31/2018
Explained How the Saudi-led Blockade of Qatar Actually Made the Tiny Emirate Stronger
Saudi Crown Prince Mohammed Bin Salman led a blockade of Qatar in order to bend the tiny emirate to his will, but a year later Qatar is more defiant than ever
05/31/2018
US Mounts Major Global Money-Laundering Campaign
It is uncertain how much of the new assertiveness can be traced to the US initiative.
05/31/2018
OECD sees stronger world economy, but risks loom large
The pace of global expansion over the 2018-19 period is expected to hover near 4%, which is close to the long-term average.
05/31/2018
Bahrain follows UAE with long-term investor visas
The visas are intended to boost Bahrain’s “position as an investment destination”, as foreign investors will be able to obtain a “10-year renewable residency permit on a self-sponsorship basis”.
05/30/2018
Central Bank of Bahrain on the forefront of innovation
The CBB has taken the front seat in instigating a progressive payment infrastructure and continuously explores the realms of cutting-edge innovation.
05/30/2018
Kuwait's economic growth recovering -- Belgian finance house
A focus of the further reforms will have to be the rebalancing of the role of the government in the economy, both as an employer and as a provider of services.
05/29/2018
DFSA obtains DIFC Courts Judgment to Enforce a Fine
The DFSA notes that Mr Grimes did not challenge the DFSA’s findings against him
05/29/2018
UAE non-oil economic growth slows slightly: central bank
The central bank raised its forecast for gross domestic product growth in 2018 to 2.7 percent from its previous forecast of 2.5 percent.
05/29/2018
Israeli banks financing illegal settlements
The transfer of an occupying power’s civilian population into the occupied territory is a war crime by the occupying power
05/29/2018
Qatari banks exposed to new banking bad loan rules
The agency said that the impact of the regulation on the region’s banks “appears manageable” due to the quality of investments held by the financial institutions and their limited trading activities.
05/29/2018
Turkish officials say cbank ready to act, dialling back Erdogan rhetoric
The comments compounded the lira’s problems and it nosedived after the visit.
05/28/2018
CBK issues six-month bonds, Tawarruq worth KD 360 mln
The CBK's last issue of bonds and Tawarruq was on May 21