06/07/2023
First Republic's former co-CEO could be Turkey's next central bank chief
A heart condition forced Herbert to go on medical leave that December and Erkan left the company a month later, causing the stock to tumble.
Legal, Tax, Regulation & Compliance
06/07/2023
UAE Central Bank cancels registration of two insurance companies
Seagull Insurance Services and Al Shorafa Insurance Services struck off over regulatory breaches
06/06/2023
Dubai Chamber of Commerce attracts more than 15,000 new memberships
And contributes to 17.3% increase in value of members' exports and re-exports in Q1 2023
06/06/2023
Dubai Chamber of Commerce welcomes 15,366 new member companies in Q1 2023
The first quarter saw the chamber achieve its goal of establishing more than 100 business groups from various sectors and economic activities
06/06/2023
Non-residents will be taxed on income from UAE property
This applies to both immovable property that is held or used in a business and immovable property that is held for investment purposes
06/05/2023
Ithmaar Holding shareholders approve plans to improve the capital of the company
The initiative includes injection of Tier 1 Capital of up-to $200 million which will be subject to legal and regulatory’s approval
06/05/2023
QCB grants paywise license
QCB said that the number of companies under QCB’s supervision in the Fintech sector has reached nine companies.
06/02/2023
7% boost in industrial licence renewals in 2022: Sharjah FDI Office
Remarkable growth signifies the enduring appeal that Sharjah holds for businesses
06/02/2023
Corporate tax: UAE exempts free zones from business tax
The government said qualifying entities in the country’s economic free zones will be subject to a 0 per cent rate
06/02/2023
Is UAE planning to introduce income tax? Top official responds
With corporate tax taking effect on June 1, the official also clarified that the scheme won't apply to the personal income of workers employed in government and private sectors
05/31/2023
KPMG Lower Gulf strengthens tax advisory leadership
With new Head of Tax, and Head of Transfer Pricing
05/31/2023
How UAE businesses have prepared for corporate tax
Federal Tax Authority will be responsible for the administration, collection and enforcement of the tax
05/31/2023
GIB signs credit facility agreement with Italy’s SAIPEM
An official signing ceremony was held at GIB KSA headquarters in Alkhobar.
05/30/2023
Difference between VAT and corporate tax
Corporate tax will be introduced in the UAE from June 1, with exemptions for some businesses and organisations
05/29/2023
Saudi campaign against illegal insurance deals and fraud
SR2 million fine and jail for doing unlicenced insurance business
05/26/2023
Labuan IBFC Inc. and Qatar Financial Centre Authority enhance strategic partnership
Both parties have signed a renewed MoU to further collaborate on market development and promotional activities
05/26/2023
Saudi Arabia signs energy cooperation deal with Azerbaijan
Agreement outlines cooperation in the field of circular carbon economy and related technologies that seek to mitigate the impact of climate change.
05/26/2023
UAE's corporate tax explained: June 1 start, key elements and exemptions
A standard statutory rate of 9 per cent will apply starting from the financial year beginning on or after June 1
05/25/2023
OQ explores significance of internal auditing to boost governance
It underscores the value contributed by internal auditing departments to their respective organisations.
05/25/2023
UAE Central Bank removes insurance company’s board of directors
Regulator appoints temporary committee for six months to carry out business at unnamed company