12/18/2017
Dubai Financial Market launches short selling
The brokerage firms will be given approval when and if they pass technical testing.
Legal, Tax, Regulation & Compliance
12/18/2017
Barclays in Talks With SFO on Qatar-Probe Deal
Bank seeking to avoid operating company being charged
12/17/2017
Egypt seeks proposals for dollar bond issues — banking sources
Egypt issues $7b in international bonds this year
12/17/2017
Palestinian billionaire Masri released from Saudi detention
Masri was detained last Tuesday
12/17/2017
The murky US prosecution of a Turkish banker
Banker, Mehmet Hakan Atilla, 47, had been charged with conspiring to violate US sanctions on Iran
12/14/2017
Central Bank of Bahrain endorses launch of Bahrain FinTech Bay
In addition, the CBB will work closely to support innovators at the BFB in providing access and guidance to its regulatory framework, including the Regulatory Sandbox.
12/14/2017
KPMG revenues grow strongly to record $26.4 billion
KPMG invested more than US$1 billion this year in a multi-year program focused on new technology, innovation and developing new services and solutions
12/14/2017
Bahrain central bank raises key rate by 25 bps
The central bank’s key policy interest rate on the one-week deposit facility was raised to 1.75 percent from 1.50 percent.
12/14/2017
UAE consumers to pay more as interest rates go up
The Fed has raised its key rates five times since the recovery from the Great Recession began in 2009.
12/13/2017
Banks directed not to misuse Citizen’s Account deposits
The central bank asked the banks not to deduct the money from the Account for carrying out any banking transactions
12/13/2017
English high court confirms that sharia non compliance will not affect the enforceability of an english law agreement in an islamic finance structure
The claimant has applied to the Court of Appeal for permission to appeal.
12/13/2017
Turkey's wealth fund in talks with foreign funds for cooperation: acting chairman
Turkey’s sovereign wealth fund wants to form a fund to finance a domestic car project, Karadag also said.
12/12/2017
Iran Tax Revenues at $19 Billion
Mohammad Reza Pour-Ebrahimi, the head of Majlis Economic Commission, said tax revenues will be the backbone of next year’s budget.
12/11/2017
Detained Saudi billionaire al-Sanea seeks to end debt dispute
Reemas Group did not immediately respond to a Reuters request for comment.
12/11/2017
US tax reforms to add value to Qatar investments
Qatar has significant exposure to US market, especially in the real estate and equity market.
12/10/2017
Bahrain issues ETFs regulations
It will also permit the registration of listed offshore ETFs as detailed in CBB Rulebook Volume 7.
12/09/2017
GFH plans to develop ‘one of the key land banks in the region’
Bahraini investment house in talks with two interested parties to develop more than 25 million square metres of land
12/09/2017
A complete guide to the most sensational Saudi princes
The sprawling Saudi royal family has traditionally featured a massive, but generally secretive, cast of characters.
12/08/2017
UAE questions US omission from tax haven blacklist
Dubai wealth managers have questioned why countries like the US and Switzerland have been left off the EU tax haven blacklist but the UAE has been included.
12/08/2017
Qatari-French ties marked by continuous co-operation
This is the second meeting after the Qatari-French summit held at the Elysee Palace during the Emir’s visit to Paris in mid-September.