01/17/2017
FATCA Working Both Ways, US Accounts Belonging to Israelis Reviewed
An Israeli citizen is allowed to maintain a bank account abroad.
Legal, Tax, Regulation & Compliance
01/13/2017
Turkey to grant citizenship to big investors
Turkey to grant citizenship to those who invest or buy valuable properties as well as refugees working on black market in bid to boost economy
01/11/2017
Egypt's Cost-of-Living Soars as Currency Dives
Inflation has risen sharply and is expected to climb further this year
01/11/2017
Sultan Al Mansouri, the UAE Minister of Economy, and his views on VAT, infrastructure spending and the investment law
A rising number of investors and businesses worldwide are increasingly taking notice of the UAE for all its potentials on all fronts and exceptional business-friendly climate.
01/11/2017
Exclusive: Oman in talks with Gulf states to obtain multi-billion dollar deposit - sources
The talks are at an early stage but "signs so far are positive", said an Oman-based source close to the discussions.
01/10/2017
DFSA’s Framework Receives Regulatory Equivalency to European Union Regime
In so doing, the DIFC continues to cement its position as the leading hub for international financial services in the region.
01/09/2017
UAE introduces new legal framework for venture capital funds
The legal system for venture capital funds was signed Dr. Obaid Saif Hamad Al Zaabi
01/06/2017
Four arrested as millions stolen from Kuwait office – Joint efforts bust gang in UK
The investigation also proved the money had been siphoned into secret accounts since 2009.
01/05/2017
UAE issues new rules for online payments
The regulations are also designed to foster financial inclusion in the UAE.
01/04/2017
Dentons advises Muscat National Development and Investment Company SAOC on land acquisition
The seller is a Muscat Financial Corporation Limited group company.
01/03/2017
Boss of Dh50m foreign currency scheme in Dubai arrested
The company, which had offices in Arenco Tower, was closed by the Department for Economic Development in July last year.
01/03/2017
Dubai Bank claims Sh1bn from ex-owner
The lender has moved to court claiming ownership of the money that Hassan Zubeidi is pursuing
01/02/2017
Economic changes that will affect your wallet in 2017
Most workers to pay less tax, get additional day off or two.
01/02/2017
Qatar made a buzz in finance & business world in 2016
Under the leadership of H E Dr Mohammed bin Saleh Al-Sada, who is also the current President of Opec, Doha hosted a crucial meeting ahead of the successful Vienna meet that decided to the much-awaited oil production freeze.
12/28/2016
Qatar Investment Authority to refinance Porta Nuova district’s debts
Qatar Investment Authority is financially reorganizing one of their largest investments in Italy
12/28/2016
Ashurst acts on advising for major Jordan wind farm
The cross-border Ashurst team from London and Dubai advised The Export Import Bank of Korea and the commercial funders, Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation Europe Limited.
12/28/2016
Gulf Bank obtains investment licenses from CMA, Kuwait
Gulf Bank is the first Kuwait bank to obtain such licenses
12/27/2016
Emirates Development Bank approves Dh1.5b in loans for housing sector, SMEs
The budget allocates Dh750 million for housing loans for Emirati citizens and a similar amount for the development of small and medium businesses
12/27/2016
Iran allows free foreign exchange at banks in move to unify rates
Rate set by agreement between the bank and the customer
12/27/2016
“Markaz” successfully closes a five-year KWD 25 million bonds issue
Kuwait Financial Centre “Markaz” and Gulf Bank have announced the successful completion of “Markaz” five year bond issue with a nominal value of KWD 25 million, which was oversubscribed.