03/19/2018
Banque Delubac Ready to Service Iranian Businesses
Considering the monetary and banking agreements reached between the governments of Iran and France in terms of establishing credit lines
Legal, Tax, Regulation & Compliance
03/19/2018
All eyes on the Fed
High expectations that the Fed will raise interest rates
03/19/2018
Saudis continue to detain largest investor in Ethiopian Renaissance Dam
The Sheikh’s press office responded to the newspaper’s inquiry about his whereabouts saying “he was in the Ritz-Carlton, but we have been told by his family members that he was moved, along with others, to another hotel”.
03/19/2018
G20 urged to adopt common regulations for cryptocurrencies
It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.
03/19/2018
Dubai IFA launches Brooks Macdonald powered savings plan
Dubai-based financial adviser Abacus Financial Consultants has launched a long-term savings product to “go up against the life companies”.
03/18/2018
Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution
The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.
03/18/2018
Qatar asks US to investigate UAE bank for 'financial warfare'
A Qatari government spokesman confirmed the letters had been sent to US regulators but declined to comment on their content.
03/16/2018
Dubai embarks on new US mission to attract investment
Dubai Investment Development Agency to take delegation to Ohio later this month
03/16/2018
Goldman Bets on an Unprecedented Economic Overhaul in Saudi
Bank has doubled its investment banking staff in the kingdom
03/16/2018
Saudi Arabia to deposit $2 billion in Yemen central bank: SPA
The agreement signed between Saudi Finance Minister Mohammed al-Jadaan and Central Bank of Yemen governor Mohammed Mansour Zemam
03/15/2018
New Saudi company to facilitate GCC wire transfers
The development comes following a Reuters report in December that the UAE’s central bank governor Mubarak Rashed al-Mansouri had confirmed plans to issue a digital currency for cross-border transactions between the UAE and Saudi Arabia.
03/14/2018
ACC quizzes three AB Bank officials
The three officials are Head of Corporate Treasury Mohammad Mahfuz Ul Islam, Head of Offshore Banking Unit Mohammad Lokman, and Senior Vice President MN Azim.
03/14/2018
Dubai’s tighter off-plan rules: the good and the bad
The DLD’s new escrow regulations could be hard on some developers, but a lifesaver for the real estate market
03/14/2018
Qatar National Bank Seeks to Increase Foreign Ownership
The Qatar National Bank, is seeking shareholder approval to boost foreign ownership, as most Qatari companies limit it to a quarter of total company ownership, unless otherwise stipulated by shareholders.
03/14/2018
Dubai Property Rebound Fails to Materialise
Optimism about a recovery in 2017 has given way to quiet resignation that the slump may persist for two to three years after oil price increases, key to the Persian Gulf sheikhdom’s economy, failed to spark an expected jobs boost.
03/14/2018
The tax-hike freeze sends out a clear message
The UAE Cabinet’s decision is a message of reassurance for businesses and consumers
03/13/2018
Qatar's biggest bank to double foreign ownership
The proposed move comes at a time of political and economic crisis for Qatar
03/13/2018
DIFC signs deal with MEVP to boost regional technology VC ecosystem
The fund was announced at DIFC’s inaugural Global Financial Forum last year.
03/13/2018
Gulf states set up company to facilitate money transfers
Riyadh-based company will allow GCC countries to transfer money 'without reliance on international currencies'
03/13/2018
PM directive to implement 14 projects in Southern Governorate
The Ministerial Committee for Urbanisation and Infrastructure has been asked to study 11 development projects in the Southern Governorate, and instructed them to expedite the work on three projects currently being implemented in the governorate.