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.
Legal, Tax, Regulation & Compliance
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.
03/24/2017
GCC top bankers endorse company for settling payments
The Riyadh-headquartered company will function based on a profit-commercial system, he said.
03/24/2017
Pakistani man steals KD 1 million
It was not clear if the man was still in the country.
03/24/2017
Barclays faces new fight over ‘crash cash’ from Qatar
The Financial Conduct Authority concluded an investigation three years ago but is understood to have begun interviewing individuals after starting the process again.
03/24/2017
Saudi Binladin creditors agree to $1.1bln financing extension
Company has been struggling because of delayed payments from the government
03/23/2017
ASAR acts as Kuwait legal counsel on dual-tranche $8 bn issuance
Proceeds from the issuance will be utilized for Kuwait's expected funding needs for this fiscal year.
03/23/2017
UAE slams continued Israeli colonisation of the West Bank
International community should put pressure on Israel to stop its systematic violations of Palestinian human rights
03/23/2017
New Regime for Security over Movables in the UAE
The New Law aims to introduce a more streamlined, efficient process for taking security over movables.
03/23/2017
Muscat accountant defrauds UAE-Oman joint venture of Dh3.7m
The client had signed a contract with Gulf Construction for the company to build a commercial property.
03/23/2017
UAE credit growth picks up pace in February led by GRE borrowing
Liquidity conditions improve on higher government deposits
03/23/2017
Qatar's fiscal deficit projected to shrink further
The government’s gross debt holdings are now 47.8 percent of GDP.
03/23/2017
UAE bankruptcy no longer leads straight to prison
A new insolvency law will help SMEs caught in a cash crunch
03/23/2017
Laptop ban hits Gulf airlines in battle for business travellers
The U.S. restrictions apply to flights originating from 10 airports in countries including the United Arab Emirates, Qatar and Turkey
03/22/2017
UAE named in $20bn Russian money laundering scheme
Gulf country is one of 96 that allegedly handled dirty money between 2011 and 2014
03/22/2017
Dubai a top destination for Greenfield FDI Projects
The Bank of America Merrill Lynch has released its Thematic Investing report on the topic of smart cities, sustainable development and urbanisation, including insights on the UAE and Middle East.