09/29/2022
Dubai Chamber of Commerce introduces business community to UAE corporate tax system
Over 330 participants took part in a recent workshop hosted by the Chamber
Legal, Tax, Regulation & Compliance
09/29/2022
Saudi Arabia to establish new unified regulator for insurance sector
Finance Minister invited the international insurance companies to invest in Saudi Arabia, by opening branches of their companies, or investing through joining Saudi investors
09/29/2022
Saudi move to host IMF regional office
The Cabinet also authorized the minister of investment to hold discussions with China and Hong Kong to agree on promoting direct investment
09/28/2022
Capital Market Authority approves amending business list of BNP Paribas Saudi Arabia
The appointment came following a report by the global ratings agency Moody’s that found that rising female participation in the labor force has the potential to boost Saudi Arabia’s non-oil growth and improve average household incomes.
09/26/2022
Dubai steps up inspections in residential areas; takes action against singles, families violating rules
Some areas in the country are considered 'family only', and landlords are not allowed to rent apartments or villas to bachelors
09/23/2022
New UAE copyright law is one of the toughest in the world
Landmark verdict in Dubai delivers test case for new copyright and data laws
09/23/2022
Gulf central banks raise interest rates after Fed's supersize increase
The US Federal Reserve raised its key policy rate by 75 basis points to fight inflation, which is at a four-decade high
09/22/2022
International Monetary Fund meets OBA
A number of important topics were discussed at the meeting, such as, economic growth, Banking sector performance, Environment Social Governance (ESG), Climate change risk, and many other topics including policies, regulations, and new developments
09/22/2022
Jordan's King discusses economic modernisation efforts with World Bank
Director of the Office of His Majesty Jafar Hassan, and Jordan’s Ambassador in Washington, DC, Dina Kawar attended the meeting
09/22/2022
GCC central banks raise interest rates to fight inflation
The Central Bank of Bahrain (CBB) was the first to announce the rate hike in the Gulf region
09/21/2022
CBUAE Governor discusses further enhancements of payment systems
Consumer protection, and banking sector recovery with bank CEOs
09/21/2022
Oman sticks to target of implementing income tax by 2024
The government is evaluating the structure and thresholds for high income, says minister
09/21/2022
Dubai will see more fast-growing tech firms list in five years – DFM chairman
Helal Saeed Al Marri said he was confident that, as in other regions around the world, more and more tech growth companies will start to list in Dubai
09/20/2022
Total of EGP 2.5bn paid in insurance from April to June 2022: FRA
Mohamed Farid, Chairperson of the FRA, issued periodic report No. 6 of 2022, regarding the re-evaluation of the values of insured assets and the amounts of insurance compared to their market values, in a manner that preserves the rights of policyholders
09/20/2022
EKP announces merger
Walid Merhej Law Firm merges into El-Khoury & Partners Legal Counsel effective September 1, 2022
09/19/2022
UAE, GCC central banks likely to hike interest rates again in the coming week
Following stronger-than-expected inflation data, the US Federal Reserve will raise the Fed Funds target rate by 75bp
09/19/2022
Saudi Arabia’s inflation ‘within reasonable levels:’ SAMA
In August, the Kingdom’s consumer price index was up 3 percent, showing an accelerating rise from 2.7 percent increase in July
09/19/2022
Tunisia expects deal on IMF loan in weeks, central bank governor says
The government and the powerful UGTT union last week signed a deal to boost public sector wages by 5%, a step that may ease social tensions.
09/14/2022
DIFC reports business growth in H1-22
The strong performance came in line with DIFC's Strategy 2030 to strengthen the future of finance and boost its economic contribution to Dubai, according to a recent press release.
09/13/2022
QIIB holds workshop for board, senior management on QCB governance regulations
The workshop also discussed the increased attention to the board’s environmental and social responsibility, the support granted to such projects, and the bank’s plans related to these two items, which became at the top of the agenda for many i