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.
Legal, Tax, Regulation & Compliance
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.
09/09/2018
Dubai Papers: French media unveils UAE based International Money Laundering network
The Helin Group has no internet presence.
09/07/2018
GCC distressed debt market needed to clear problem loans, say experts
Local currency capital markets key to limiting impact of 'boom-bust' cycles, says economist
09/06/2018
EFG Hermes plans to implement 18 deals in 2018: executive management
EFG Hermes aims to double the size of the investment bank this year in terms of the number and value of implemented deals
09/06/2018
Turkish Banks to Meet $6 Billion of Financing Deadlines
“The situation is definitely worse than other crises that Turkey has been through,” said Reza Karim, a London-based credit analyst at Jupiter Asset Management.
09/06/2018
ADB commits $6bn funding for Pakistan
The sources said the visiting DG ADB who has flown back after three-day visit, expressed concerns over some projects of China-Pakistan Economic Corridor (CPEC) during a meeting.
09/06/2018
UNB shares climb for a second day on Abu Dhabi bank merger announcement
ADCB stocks, which gained almost 13 per cent yesterday, remained little changed in early Abu Dhabi trading
09/06/2018
Qatar first Gulf nation to grant permanent residency to expats
One hundred permanent residencies each year to be given to children of Qatari mothers and skilled expatriates.
09/05/2018
Aqarmap.com raises investment from Gulf funds
"The company is on the right path and have the great blend of investors to solidify its position as a regional leader."
09/04/2018
QDB fetes partner banks for SME support
This year’s winning partner banks were selected according to stringent criteria set by QDB, including a questionnaire that was completed by programme clients.
09/04/2018
Turkey's Albayrak says central bank independent, sees no crisis in banking sector
The lira has fallen some 40 percent against the dollar so far this year
09/04/2018
Adviser appeals $1m fine in Qatar
Guardian fights back against two financial penalties plus costs verdict
09/03/2018
Committee to probe Pakistanis’ assets parked in Dubai
According to the committee’s report, the FIA has significant details about the properties held by Pakistanis in Dubai and the committee aims to work on bringing back those assets.
09/03/2018
Singapore and Dubai regulators sign fintech pact
This includes signing similar partnerships with regulators around the world.
09/03/2018
Kuwait's Burgan Bank plans 150 mln dinar bonds
Outside Kuwait, the bank has operations in Turkey, Algeria, Iraq and Tunisia.
09/03/2018
15 Companies Consider Merger to Avoid Bankruptcy in Kuwait
Chief among the problems is inability of the companies to pay the loan even though some of them are involved in real estate, investment, and automobiles.
09/02/2018
IMF offers Riyadh praise and words of caution
The IMF contended that economic measures enacted by the Saudi government contributed to strong non-oil growth.
08/31/2018
'Kuwait Banking Association' instructs local banks to stop collecting SMS fees
Sources pointed out that it is not fair to collect fees for a service that will be free within a few days.