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Legal, Tax, Regulation & Compliance

03/20/2023

SAMA governor rules out Saudi transactions with troubled US banks

SAMA continues to cooperate with its partners in developing the banking sector as well as in supporting entrepreneurs and financial institutions in Saudi Arabia: Ayman Al-Sayari

03/17/2023

UAE to make remote services mandatory for all healthcare providers

Ministry of Health and Prevention to launch Smart Digital Health regulatory framework

03/17/2023

Federal Tax Authority launches 'Muwafaq Package'

Initiative to facilitate doing business among SMEs

03/17/2023

UAE Central Bank gives green light to UAE’s first paperless Direct Debit Marketplace

Accessed only through UAEPASS, the Marketplace offers users peace of mind, with all payments facilitated through the platform being integrated with, and regulated by, the UAE Central Bank

03/16/2023

UAE to make remote services mandatory for all healthcare providers

Ministry of Health and Prevention to launch Smart Digital Health regulatory framework

03/15/2023

Linklaters advises Abraj Energy Services on Oman’s largest IPO in over a decade

Linklaters also advised several entities within the OQ group, subsidiaries of the Oman Investment Authority, as selling shareholders in the transaction.

03/14/2023

Alvarez & Marsal Releases FY2022 UAE Banking Pulse

A&M’s UAE Banking Pulse examines data from the 10 largest listed banks in the UAE, comparing the FY’22 results against FY’21 results.

03/13/2023

Silicon Valley Bank collapse will have very little effect on Kuwaiti banks - Kuwaiti central bank

Kuwait's state news agency reported that the central bank governor had said that the exposure of the local banks to SVB was very limited and that the banks assured him that their business would be barely affected.

03/10/2023

Qatar's FX reserves, hard currency liquidity rose to $64.56bln in February

The bank's international official reserves witnessed a similar growth to reach 176.8 billion Qatari riyals, from 175.8 billion in January.

03/10/2023

Saudi makes visa rule change; opens doors to all GCC residents

Previously, the kingdom was giving eVisas to only those GCC residents with occupations listed on its approved list

03/10/2023

Price competition ‘erodes’ profitability of UAE insurers

However, outlook for UAE, other GCC markets remains stable, says credit rating firm AM Best

03/10/2023

Saudi Arabia, Germany sign 7 deals to enhance investment cooperation

The forum featured panel sessions to explore private sector partnership opportunities.

03/08/2023

Saudi mining giant Ma'aden gets DIFC captive licence

With 17 mines and sites and 6,000 direct employees, Ma'aden is among the world's fastest-growing mining companies

03/08/2023

UAE tax residency certificates: Step-by-step guide, cost to get them

According to the Federal Tax Authority website, it takes about 45 minutes to submit an application

03/06/2023

Clifford Chance and AS&H announce JV in Saudi Arabia to create AS&H Clifford Chance

The restructuring in Saudi Arabia has the full support of the Clifford Chance global partnership

03/01/2023

UAE central bank revokes licence of Dollar Exchange over serious misconduct

Dollar Exchange’s licence is second to be revoked this week

03/01/2023

UAE Corporate Tax: What real estate investments can mean for a business

The real estate held under the company’s name should be treated as that of the company and not of its owners.

02/28/2023

Central Bank of UAE revokes licence of 'Dollar Exchange' house

The sanction is the result of the examinations’ findings conducted by the CBUAE, which revealed serious regulatory misconduct by the exchange house

02/28/2023

GCC to appoint chief negotiator next month for trade talks with India – report

The intent of a free trade deal has been announced and meetings will start soon, says a source

02/27/2023

UAE, Egypt, Jordan, Bahrain sign industrial deals worth $2bn

The agreements were signed at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development, held in Amman on February 26

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