02/22/2023
ADGM teams up with UAE digital lender Zand Bank to support SMEs
The two entities plan to offer finance training programmes, SME financing platforms and a FinTech sandbox
Legal, Tax, Regulation & Compliance
02/21/2023
Saudi policy is to build new sectors not related to oil: minister
Al-Falih spoke at length about the challenges faced by the global economy, as well as the Ministry of Investment and its achievements, the creative industries and the media
02/21/2023
Dubai’s DIFC registers highest ever revenue in 2022
The financial centre registered the highest number of new firms – totalling 1,084 – last year
02/21/2023
Abu Dhabi Global Market, Zand Bank join hands to support SMEs
The entities will jointly drive UAE national work placements and offer finance training, SME financing platforms, a fintech sandbox and corporate innovation programmes
02/21/2023
UAE’s UBF, Azerbaijan Banks Association sign MoU to boost sectoral cooperation
The two parties will jointly organise workshops, training and awareness programmes to exchange knowledge and experience
02/20/2023
Sheikh Hamdan approves new model for government excellence in Dubai
The new government excellence model aligns with recent developments in government work mechanisms, including the ‘Services 360’ policy and the Dubai Future Readiness Index
02/17/2023
Doing business in the UAE: appointing a distributor
This enables them to benefit from local knowledge and a local distribution network, but navigating the agency laws is important to maintaining a successful and profitable relationship with local distributors.
02/17/2023
UAE and Egypt's anti-money-laundering bodies sign pact to boost co-operation
Initial agreement seeks to strengthen existing collaboration between the two countries, UAE's Executive Office of AML/CFT says
02/16/2023
Bahrain-Qatar normalization effort picks up steam
The rare sessions are seen as an apparent effort to normalize relations.
02/15/2023
Authorities act against two companies for QR24 million tax evasion
The investigations revealed that two companies operating in the contracting sector had committed acts that constitute tax evasion crimes.
02/13/2023
Abu Dhabi Businesswomen Council and Wio Bank form partnership
Aims to empower female entrepreneurs with business banking solutions
02/13/2023
Sheikh Mohammed approves design for ‘flying taxi’ vertiports
The models are on display at RTA’s stand at the World Government Summit 2023.
02/10/2023
Sheikh Abdullah says Cop28 must 'unleash climate progress'
Minister of Foreign Affairs and International Co-operation convenes delivery committee meeting to discuss preparations for 13-day event at Expo City Dubai
02/10/2023
KFAED reconsiders policy of granting loans in Kuwait
The loans that the fund will give must be in line with Kuwait’s foreign policy
02/10/2023
Dubai’s DIFC enacts new regulations for family-owned businesses, UHNWIs
The new rules provide guidelines for family businesses holding assets and operating in or from DIFC, in support of their succession and legacy planning for future generations
02/10/2023
Kuwait plans to reconsider policy of providing aid to Arab and developing countries
The minister did not specify what the changes will be and the ministry did not immediately respond to a Reuters request for further details.
02/09/2023
A UAE-Hong Kong Free Trade Agreement will be a ‘logical step’, says Chief Executive John Lee
UAE is already Hong Kong’s biggest trade partner in the Middle East
02/09/2023
Flutterwave Expands into North Africa After Bagging PSP Licence in Egypt
“This, for us, is the beginning of other strategic wins in the North Africa and Middle East regions.”
02/08/2023
Dubai’s Virtual Asset Regulatory Authority issues regulations for 2023
As the authority providing VA oversight across Dubai with the exception of DIFC, VARA facilitates VA-associated economic stability, investor protection, and jurisdictional resilience
02/08/2023
Lebanon's banks close indefinitely after court ruling criticised
Decision by Association of Banks of Lebanon will not affect ATMs