08/04/2016
White House denies GOP accusations $400m sent to Iran was 'ransom payment'
White House says money sent to Iran was not ransom, but returned cash from pre-Iranian Revolution military purchase
Legal, Tax, Regulation & Compliance
08/04/2016
HM King lauds CBB role in boosting financial sector
He wished the CBB board of directors and high management every success.
08/04/2016
UAE set to approve federal debt law
Once we agree with the central bank then we will go to the council of ministers for approval and after that is the FNC approval.
08/03/2016
U.A.E. Opens VPNs to Banks
The regulator stressed that businesses are allowed to use VPNs to allow remote access.
08/03/2016
Advanced phases of cooperation between BAB and CBB
Have a direct impact on the working process of the financial and banking sector, in addition to its effective role in bringing together different views of the member banks with CBB.
08/02/2016
Oman amends it's visa rules, permits longer stays
Tourists and investors faced fines under the old system, which allowed 21-day visits on a first trip under the multiple entry visa.
08/02/2016
HSBC hands over list of 8,000 Israeli Swiss accounts
Talks and efforts have recently yielded fruit, with the Israel Tax Authority receiving information on over 8,000 Israeli clients with accounts in HSBC's Swiss branch.
08/02/2016
Demography crucial for GCC’s growth: Indosuez Wealth Management
This aspect applies to the GCC countries where dependency ratio is deteriorating due to the high young population and the relative pressure on the productive population.
07/29/2016
Egypt expects to get at least $2b within 2 months of agreeing IMF loan
The country is also planning to issue $2 billion to $3 billion in international bonds in September or October
07/29/2016
Turkey's investment grade hangs in balance as post-coup purges deepen
The head of research at brokerage AK Investment had his license revoked on Tuesday over a report to investors analyzing the coup plot
07/29/2016
Saudi central bank's foreign assets drop $11bn
They reached a record high of $737 billion in August 2014 before starting to drop.
07/29/2016
Ex-Barclays Executives Said to Face Round Two With SFO on Qatar
The interview requests come after Barclays handed over about 100,000 internal documents to the SFO from the Qatar deal earlier this year
07/28/2016
Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial
The LIA argues the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.
07/28/2016
Kuwait's Sheikh Ahmad acquitted on sports ban-related charges
Kuwait’s highest court on Monday upheld an earlier ruling by the court of appeal clearing Sheikh Ahmad Fahad Al Sabah of the charges.
07/27/2016
Companies in UAE delaying pay for 30 days to be referred to court
New ministerial decree aims to have companies with more than 100 workers pay workers on time
07/27/2016
Dubai Watchdog Shuts Down Suspected Ponzi Scheme Exential Group
After numerous complaints from investors, Dubai's authority closed a ‘double your cash’ scam.
07/26/2016
Saudi Group Signs Deal Aiming to End Biggest Mideast Default
The companies have been locked in legal disputes ever since.
07/26/2016
Bank Asya’s licenses cancelled
The Banking Regulatory and Supervisory Authority cancelled Bank Asya’s banking license and the Capital Markets Board ceased its capital markets operations.
07/26/2016
With freedom no longer the issue, what’s the biggest threat to Sisi?
Five and a half years later, the significant deterioration in all three areas of grievance has led Egyptians to accept trading freedom and social justice for bread.
07/26/2016
Is 1MDB Malaysia’s defining moment?
His persistent silence is now interpreted as his admission to allegedly being a cheat and a thief who has allegedly stolen billions of ringgit from his people.