01/31/2018
Saudi Arabia’s corruption crackdown risks scaring off investors
Crown prince Mohammed bin Salman is combining populism at home with hawkishness abroad
Legal, Tax, Regulation & Compliance
01/31/2018
Monetary deposits spur money supply
The increase in M1 was mainly due to a rise of Dh1.9 billion in monetary deposits.
01/30/2018
Kuwait committee rejects tax on remittances
Proposal to tax foreigners for money transfer is ‘unconstitutional’
01/29/2018
Japan bank: Saudi purge is driving away investors
His decision to imprison some of the country’s most famous heads of business came under extreme scrutiny.
01/29/2018
Saudi central bank bans MedGulf from issuing new insurance contracts
It has suspended several insurance companies from issuing new policies in the past few months.
01/25/2018
UAE, Saudi business confidence dips over VAT launch
New survey shows confidence in two Gulf countries hit by concerns over increased consumer costs
01/24/2018
QCB affirms importance of financial inclusion
This comes due to its role in increasing productivity, achieving sustainable development and ensuring financial and social stability, Sheikh Abdulla added.
01/24/2018
Saudi arrests that swept up princes boosted investor trust, says CEO of world's biggest oil company
A wave of arrests that swept up Saudi royals, businessmen and officials boosts trust in the kingdom's investment environment, says Saudi Aramco CEO Amin Nasser.
01/23/2018
Qatar National Bank mandates banks for Kangaroo bond
The issuer is considering maturities of five-year and 10 years respectively, according to a document by one of the banks leading the deal showed on Tuesday.
01/23/2018
UAE welcomes removal from EU tax haven list
Emirates and others have made commitments "at a high political level" to address concerns
01/23/2018
Citi gets Saudi go-ahead for investment banking business
Citigroup had pulled out of Saudi Arabia in 2004, having been in the kingdom for five decades
01/23/2018
Doha to launch strategy on financial inclusion and literacy: QCB
The strategy document will approach not only the supply-side such as access to finance, but also from demand-side as promoting financial literacy.
01/22/2018
Bank Leumi Announces Agreement for Strategic Investment Into Bank Leumi USA, Setting the Latter's Value Just Under 1 Billion USD
The strategic investment brings extensive expertise in the U.S. financial services and banking fields, will assist in the continued evolution and success of Bank Leumi USA and will lead to the creation of greater value for the Leumi Group.
01/21/2018
CBB and DFSA sign MOU
The MOU was signed by H.E. Rasheed M. Al Maraj, Governor of CBB and Mr. Saeb Eigner, Chairman of DFSA.
01/21/2018
Whistleblower suing Ernst & Young over gold dealings with Dubai firm
Sacked auditor says he was branded a troublemaker after telling bosses of his concerns about the Kaloti group
01/21/2018
Chartered accountants need to adapt to stay relevant
Automation, blockchain, cryptocurrencies and IoT are disrupting the way CAs function
01/17/2018
Saudi Arabia pumps $2 billion into Yemen’s central bank
The cash injection — ordered by Saudi Arabia's King Salman — comes one day after Yemeni Prime Minister Ahmed bin Daghr issued a public plea for international support
01/16/2018
EU to remove Panama, Korea, UAE and five others from tax haven blacklist
The removal of Bahrain was also initially considered, but its delisting was eventually not recommended, the documents show.
01/16/2018
UAE to be removed from EU blacklist of tax havens
Move to remove the UAE and South Korea from an EU blacklist to lift threat of reputational damage and punitive economic measures
01/16/2018
Holborn opens HK office following acquisition of Globaleye HK
Holborn Assets has a great deal to offer advisers and advisory firms.