03/04/2018
High net worth expats increasingly applying for second passport
Most of the demand for second citizenship programmes is coming from Indians, Pakistanis, Syrians and other Arab citizens
Legal, Tax, Regulation & Compliance
03/02/2018
Deutsche Bank, JPMorgan hire as banks look past Saudi crackdown
No foreign investor was targeted by the anti-corruption drive
03/01/2018
Lawyers welcome draft UAE arbitration law as a boost for investors
Federal National Council approved draft law for managing cross-border disputes
03/01/2018
Qatar weighs proposal on combining three banks
The tie-up will be completed once regulators approve the deal, Hussain al-Abdulla said at Masraf’s annual general meeting Tuesday, without giving a time frame.
03/01/2018
MEPs continue crackdown on tax avoidance
MEPs have taken EU finance ministers to task over their decision to remove eight countries from the tax haven blacklist just one month after it was first published
02/28/2018
New remittance rules announced in Oman
The new rules will come into force from March 22, 2018.
02/28/2018
Saudi c.bank's foreign securities holdings fall as Riyadh mobilises funds
State spending will be key for the economy this year because of a sluggish private sector, which was hit last month by the imposition of a 5 percent value-added tax and a hike in domestic gasoline prices.
02/28/2018
Saxo Bank warns of possible global economic slowdown
The GCC region runs on a relatively high debt leverage and the recent increase in funding costs may lead to a substantial slowdown in growth which, combined with several reforms across the region, could lead to negative growth surprises.
02/28/2018
Qatar banking sector stays resilient: Sheikh Hamad
The success of these efforts is evident in the financial results of the banks including ours, and once again demonstrate the resilience of the banking sector in Qatar.
02/27/2018
FTA sets Wednesday as deadline for tax returns
Expanding payment channels further facilitates tax payment procedures,” Al Bustani noted.
02/27/2018
New remittance rules announced in Oman
The new rules will come into force from March 22, 2018.
02/27/2018
UAE, Latin America keen to expand trade ties
Dubai and Panama can use their synergies to bring the regions closer to increase trade and investments
02/27/2018
Saudi central bank chief: can deal with any pressure on dollar peg
Earlier this month, the central bank signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software.
02/26/2018
First Abu Dhabi Bank to enter commercial banking in Saudi Arabia
UAE’s biggest lender by assets approved the distribution of cash dividends of Dh0.70 per share
02/26/2018
Saudi shares end lower on additional tax proposal
The company said terminating the contract would have no material financial impact on it.
02/26/2018
Saudi Arabia Extends Foreign Investment Licenses
Saudi Arabia is entering a crucial year for Crown Prince Mohammed bin Salman’s plan to remake the economy, dubbed Vision 2030
02/25/2018
Cross border synergies are vital for Qatar’s fintech sector development, says Doha Bank CEO
He said an ideal fintech ecosystem features available talent, well-informed investors, and a regulatory environment.
02/21/2018
Andersen Tax & Legal Launches in Egypt
Egypt is considered to be one of the highest growing markets in the world and our adoption of the Andersen name in Egypt has come at the perfect time,” added Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz.
02/21/2018
Jordan grants citizenship, permanent residency to investors
Family members of any investor who are dependants would also be eligible for citizenship of permanent residency.
02/20/2018
Saudi Arabia emerges as MidEast's biggest deal maker
Country's Public Investment Fund spent about $54bn on investments last year, dwarfing regional rivals