03/22/2018
UAE banks must justify interbank rates under new system
Under the old method, they did not need to provide such justifications.
Legal, Tax, Regulation & Compliance
03/22/2018
Liquidation date set for Guardian Wealth Management Qatar
Qatar’s International Court has served a notice on Guardian Wealth Management Qatar LLC, setting a hearing date of Tuesday 24 April for the liquidators just over two years after the international adviser firm decided to exit the independent emirate
03/22/2018
Swiss Global looks to set up offices in Middle East and Asia
The announcement will see the group open news offices in Europe, Middle East, and the Far East.
03/21/2018
FAB granted commercial banking licence in Saudi Arabia
First Abu Dhabi Bank (FAB) has secured a licence from the Saudi Arabia Monetary Authority (SAMA) to establish a commercial banking business in KSA as part of its organic growth strategy.
03/21/2018
Mauritius: Promoting Mauritius International Financial Centre in the Gulf
The delegation includes the Permanent Secretary of the Ministry, the Head of the Financial Services Office of the EDB as well as representatives of private sector operators, management companies and banks.
03/21/2018
With New Law, The UAE Looks To Make Itself An Arbitral Hub
Practitioners have been calling for a more modern arbitration law in the country for years, and draft versions of the law have been circulating for at least a decade.
03/21/2018
Bogotá Chamber of Commerce looks to Africa, Asia and Middle East for stronger commercial ties
The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.
03/21/2018
Linx International to provide security training for SIRA in Dubai
Managing director of the Linx International Group, David Gill said: “Dubai is a major global hub and well respected as a centre of excellence, especially in areas of technology, security and policing.
03/20/2018
First Abu Dhabi Bank responds to Qatar accusations
It is the largest bank in the UAE in terms of assets, it was established after the merger of First Gulf Bank and National Bank of Abu Dhabi.
03/20/2018
Noor Bank ‘Generally Conforms’ - UAE Internal Auditors Association
Noor Bank, a leading Shari’ah-compliant bank in the UAE, today announced that its Internal Audit function has received the “Generally Conforms” rating, which stands as the highest rating, following a quality assessment review by the UAE
03/19/2018
11 indicted over UBS account concealing scheme
A former UBS official helped the defendants maneuver around the tax authorities, in a series of secret meetings.
03/19/2018
Qatar asks US Treasury to investigate UAE bank for 'financial warfare'
Qatar bank's lawyers also ask US CFTC to investigate possible manipulation of Qatar's currency
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
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