02/18/2018
India, Iran Sign Agreement For Avoidance Of Double Taxation On Rouhani's Visit
India and Iran signed in New Delhi an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income.
Legal, Tax, Regulation & Compliance
02/16/2018
Israel, a Leading Tax Haven
Other Israeli citizens are taxed on all their income – whether earned domestically or abroad.
02/16/2018
Saudi Arabia’s central bank launches Ripple pilot
The Saudi Arabia Monetary Authority has commenced its Ripple xCurrent pilot.
02/14/2018
Trillion dollar conman strikes Dubai
How convicted international fraudster launched a bogus edition of the reputed Financial Times to rake in millions of dollars in advertising revenue and barter deals from luxury retail brands and top hospitality groups
02/14/2018
Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court
In a landmark ruling, a Dubai judge said the court will hear whether Deloitte Middle East was negligent as auditor of the Lebanese Canadian Bank
02/14/2018
Citigroup Hired for First Saudi Arabia Deal After Reopening
Citigroup is rebuilding its operations in Saudi Arabia after exiting in 2004.
02/14/2018
Saudi Central Bank to Test Ripple Payments Tech
This ground-breaking pilot program is the first of its kind to be launched by a central bank.
02/13/2018
Insurance unit of Warren Buffett's Berkshire Hathaway opens Dubai office
Berkshire Hathaway Specialty Insurance already has Asian regional hubs in Hong Kong and Singapore
02/13/2018
Dubai court can hear case against Deloitte unit after collapse of Hezbollah-linked bank
The shareholder group is led by Nest Investments Holding SAL, which was founded by Gulf entrepreneur, Ghazi Abu Nahl.
02/13/2018
UAE banks eye end to $22 billion Saudi debt saga
Most UAE banks owed money had received a final judgment on their claims from UAE courts, which they had submitted for approval by the three-judge tribunal based in Khobar within Saudi’s Eastern Province, he said.
02/13/2018
War-battered Iraq says it’s ‘open for investors’
World Bank officials joined Iraqi government representatives yesterday in Kuwait City to seek pledges from more than 2,000 representatives of international firms in attendance.
02/12/2018
Abu Dhabi financial regulator may create framework for virtual currencies
Previously, regulators in the UAE had expressed scepticism about cryptocurrencies, without going as far as trying to enforce an outright ban on them.
02/12/2018
Barclays Bank charged over Qatar loans
The same charges were bought against Barclays PLC in June last year.
02/12/2018
Kuwait hires TICG to advise on bourse listing - regulator
The Kuwaiti bourse, with a market capitalisation of about $90 billion, is one of the oldest in the Middle East.
02/12/2018
End reliance on public jobs, IMF tells Middle East countries
The IMF chief said that youth unemployment is a particular concern in the Middle East and North Africa, with jobless rates as high as 30 percent in nine out of 21 countries in the region.
02/11/2018
Saudi Ritz Reopens After Stint as Gilded Prison of Princes
The detainees were removed from the hotel two weeks ago, most released after cutting a deal with the authorities or being exonerated
02/11/2018
DFSA Signs MoU with Central Bank of Oman
This agreement is indicative of the value we place on regional cooperation and sustainable growth of financial services in our respective markets.
02/11/2018
Touting 'transformation', French PM seeks investment in Dubai
"What I felt was their continued interest in what we were doing and prospects available in France,"
02/11/2018
World Bank's IFC calls for investment in Iraq reconstruction
The International Finance Corporation's country manager for Iraq, Ziad Badr, was speaking in Kuwait ahead of an international conference.
02/11/2018
Alpen Capital closes first Lebanon transaction
The transaction is also the first syndication in Lebanon for a local bank. The funding will be utilised by LGB to support its strategy towards expanding their lending to SMEs.