07/17/2017
UAE economy to bounce back as oil prices recover, says IMF
Ample fiscal space allows deficits to decline gradually while mitigating the adverse impact on the economy and the financial sector.
Legal, Tax, Regulation & Compliance
07/17/2017
CISI signs Kuwait agreement in bid to ‘transform financial services’ in region
This provides students with access to professional qualifications, many of which were previously unavailable to them.
07/16/2017
Tax fugitive deported from Dubai, jailed in UK
He was apprehended in Dubai after using a fake passport to travel from Kenya
07/13/2017
Duo 'forges' documents to get Dh2.7m bank loan in Dubai
She also submitted a forged passport copy to prove her identity.
07/13/2017
AfDB, IsDB sign 2bn deal
We need to create jobs for our women and youth.
07/12/2017
US inks anti-terror deal with Qatar in press to end dispute
I think Qatar has been quite clear in its positions and I think very reasonable.
07/11/2017
IFC invests $26.2bn in funding startups across MENA region
The investments are all part of the IFC’s initiative to support startups with a sum of $30m in an attempt to create better market conditions for SMEs and entrepreneurship in the World Bank member countries.
07/11/2017
Failed coup takes toll on Turkey's foreign policy
The crisis between Saudi Arabia and its allies and Qatar only adds to the host of problems Turkey is facing on the diplomatic front.
07/10/2017
Qatar's central banker boasts $340B in reserves, says country not worried about the current boycott
Qatar still finds itself excluded and singled out by its near neighbors.
07/10/2017
Saudi, UAE banks stand to lose if they cut financial ties with Qatar
A peaceful resolution to the GCC-Qatar crisis is most likely, but de-escalation is likely only gradually.
07/10/2017
Tillerson arrives in Kuwait to push for Qatar resolution
US secretary of state Rex Tillerson will visit the UAE, Saudi Arabia and Qatar after a meeting with Kuwait’s top officials
07/10/2017
Abu Dhabi Financial Group lifts stake in Noble
ADFG is a privately owned group that includes investors from the Abu Dhabi royal family.
07/09/2017
Qatar to sue Arab state quartet for ‘siege’ damages, sets up new body to calculate losses
And those who compelled these damages to happen must pay compensation for them.
07/09/2017
Iran, Turkey mull free trade plan to boost cooperation
Both sides need to enhance their banking cooperation to facilitate the expansion of their mutual trade.
07/07/2017
Charles Russell Speechlys launches in Hong Kong and Dubai
Already well-established in the region, these appointments further enhance the firm’s in-region disputes capabilities, creating a Middle East-wide team that can handle local, regional and international cross-border litigation and arbitration.
07/05/2017
Two JIT members quietly leave for Doha
Both the JIT members were scheduled to land back home early Wednesday after recording the Qatari prince’s statement.
07/04/2017
Barclays defendants released on bail
The case relates to the actions of Barclays after the financial crash of 2008.
07/04/2017
ED to approach six countries for details on Vijay Mallya’s properties
The agency alleged that Mallya owns several properties in the UAE and the US and has also incorporated several companies in the US, where the funds also have been suspected to have been diverted.
07/03/2017
UAE envoy to US linked to Malaysia 1MBD scandal, say reports
Leaked emails show companies connected to envoy received $66mn from accounts linked to Malaysia's 1MDB fund
07/02/2017
Qatar investments in Philippines firmly 'on track', says official
Sa'Adeh said Management Solution and Final Touch Construction will each invest 1mn, while Static International will invest 3mn inside the ecozone to be developed by KTS Trading & The Penguin Group.