04/05/2017
Spanish police stage raids targeting Assad family's assets
The assets of Rifaat al-Assad and his family in Spain are valued at 691 million euros ($736 million), the source said, adding that "all these properties have been seized."
Legal, Tax, Regulation & Compliance
04/04/2017
KWM to scale back Middle East presence with Saudi pullout
Firm ends Riyadh association as former managing partner Bednall heads back to Australia
04/04/2017
CBB pushes for financial digital transformation in Bahrain
The CBB is committed to achieve a digital transformation and new technologies in the financial sector in Bahrain
04/04/2017
Bahrain unveils new law to support growing financial sector
Bahrain has become the first country in the GCC region to introduce an Investment Limited Partnership Law and integrate it in the country’s legal system.
04/04/2017
Bahrain equals global financial hub
The Kingdom has a strong and mature financial sector
04/04/2017
Andersen Global Expands Presence in Israel
Yaron-Eldar provides tax law, international tax, real estate tax, and indirect tax services for both large and small public and private companies as well as individuals.
04/03/2017
Bahrain to grant GCC residents, investors IDs
Al-Qaed said the procedure will deepen ties with GCC member states, attract more Gulf investments, allow for more services and increase customer satisfaction.
04/03/2017
Central Bank Announces Development Funds to Kick-Start Economy
Most banks operating in Jordan, he added, are subscribing to this fund—including 15 commercial banks
04/03/2017
Deloitte Middle East Point of View: Ethical tax, construction market outlook, ISO 37001 on anti-bribery management, and GCC family businesses
CRS is intended to reduce tax evasion
03/31/2017
Barclays Qatar SFO charging deadline said to be moved to May
The SFO sent letters to several former Barclays executives informing them it will make a decision on whether to file charges by the end of May
03/31/2017
Top UAE law firm sets up tax unit ahead of VAT launch
Al Tamimi & Company establishes dedicated tax practice ahead of Gulf region bringing in VAT in 2018
03/30/2017
Legal system must back UAE start-ups
This has saved many expensive legal fees when drafting company formation and fundraising documents.
03/29/2017
Abu Dhabi Fund Loses Crisis-Related Arbitration Against Citigroup
The panel also awarded Citigroup nearly $9.5 million in legal fees and expenses.
03/29/2017
US's Citi bank applies for capital markets licence in Saudi Arabia- sources
The government is also preparing to list up to 5 percent of oil giant Saudi Aramco in an initial public share offering that could raise as much as $100 billion.
03/28/2017
Capital Market Authority cancels three brokerage licences in Oman
The market turnover and volume dropped as investor participation and trading activity witnessed significant fall.
03/28/2017
Jordanian-Saudi Fund Company established
Al-Rumayan said the venture will provide financial returns on the long term and will bring benefit to both countries, adding that investment opportunities exist in Jordan's energy and tourism sectors.
03/28/2017
Pakistan, IMF talks begin in Dubai today
The government would inform the Fund of the recent economic situation in the country.
03/27/2017
Saudi Arabia Closes Over 200 Bank Accounts Suspected of Sponsoring Terrorism
The Saudi authorities closed over 200 bank accounts under suspicion of financing terrorism, the Saudi Foreign Ministry said Thursday.
03/27/2017
Preventing fraud in new age banking
Banks should ensure that their alert and management systems are sophisticated and intelligent
03/27/2017
Oman agrees to deepen ties with Iran central bank
But Oman has traditionally had close business and diplomatic relations with Iran, and it is hoping for Iranian investment to help it cope with economic pressure due to low oil prices.