04/20/2018
DIFC targets new wealth products and SE Asia in global initiative
The DIFC is also home to China’s four largest banks in terms of total assets; Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation.
Legal, Tax, Regulation & Compliance
04/19/2018
K165m budget approved for Gulf
A K165 million budget has been approved for Gulf Province with a focus on reopening vital service delivery links.
04/19/2018
The Higher Sharia Authority held Its second meeting
The meeting was chaired by His Eminence Sheikh Dr. Ahmad Bin Abdulaziz Al Hadad, the Chairman Higher Sharia Authority.
04/18/2018
First Saudi Arabian-linked banks join al-Gosaibi debt settlement plan
Officials keen to get kingdom's biggest debt dispute resolved
04/18/2018
Japan’s Mizuho pulled out of Qatar bond amid Gulf dispute
Qatar issued $12bn of bonds last week
04/18/2018
UAE cbank deposits reach $15 billion in Q1
Deposits and withdrawals usually signify the level of activity of the national economy during a specific period.
04/18/2018
Kuwait to cement commercial relations with US
Kuwaiti exports to the US reached $141.6 million and imports from the US amounted to $3.4 billion in 2017.
04/18/2018
Monetary Deposits With Apex Bank Stood At AED55 bn In Q1
Deposits and withdrawals usually signify the level of activity of the national economy during a specific period.
04/18/2018
UAE Ministry of Economy Signs Strategic MoUs With 14 Government Entities
The signings were held on the sidelines of the Ministry's participation in the Government Accelerators
04/17/2018
FIA ‘finds’ no politician with property in UAE
Sources and officials privy to the development said that hundreds of Pakistani businessmen faced threats of investigations into their real estate assets in the UAE.
04/17/2018
Winsome Group's Jatin Mehta is next; ED cracks UAE authorities to get evidences in hand
In mid-2016, the ED had asked Dubai to expedite its response to India's letters rogatory (LR) relating to Mehta's Winsome group.
04/15/2018
UAE banks interest rate rises with introduction of a new system
The central bank encourages banks to put more transactions and counterparties into account when offering prices.
04/13/2018
Another opportunity for Iraq to clean up its act
Prime Minister Abadi hopes the oil bounty will once and for all get reforms working
04/12/2018
Federal Tax Authority Looks Back on 100 Days of VAT in the UAE
We’ve witnessed 98.8% compliance with Tax Return regulations – one of the highest compliance rates in the world.
04/12/2018
Kuwait mulls law to regulate, develop insurance industry
Insurance sector plays key role in economy: Official
04/12/2018
Qatar attracts hefty demand for comeback international bond
Qatar plans to price later on Thursday bonds with maturities of five, 10 and 30 years.
04/12/2018
Saudi’s General Investment Authority grants 4 French companies investment licenses
Al-Omar confirmed that SAGIA is working on establishing better practices and techniques that can facilitate the work for investors in the Kingdom
04/11/2018
AlexBank, Jordan Post sign agreement to enhance remittances service
The Bank of Alexandria (AlexBank) announced on Monday in Amman the signature of a partnership agreement with the Jordan Post Company to facilitate the transferring of remittances to Egypt.
04/11/2018
President ratifies international agreements
Khalifa ratifies a number of bilateral agreements between UAE and friendly countries
04/11/2018
Equal pay cleared
Sheikh Mohammed also issued a decision no.5 for 2018 on the executive regulations of the federal law no.20 for 2016 on the mortgage of movable assets to secure a debt.