11/09/2022
New UAE visa rules: Validity decreased for visas issued in free zones
The country has over 40 multidisciplinary free zones, and both expatriates and foreign investors are allowed to have full ownership of companies
Legal, Tax, Regulation & Compliance
11/09/2022
UAE: Company director fined Dh400,000 for employing workers illegally in Dubai
Seven labourers arrested for staying in the country illegally, working for another sponsor
11/07/2022
NCP signs a cooperation agreement with Riyad Bank
This stems from the banking sector being one of the most important strategic partners in the success of privatization and PPP (P&PPP)
11/07/2022
CBB receives renewed ISO certification for Information Security
CBB fulfilled all requirements relating to the international standard and achieved the highest level of competency
11/04/2022
UAE Labour Law amended to help employers retain talent
But thousands of employers have already updated employment contracts to comply with the original three-year cap.
11/04/2022
What Indians living in UAE need to know about income tax returns
NRIs could be required to submit returns in certain scenarios even if there is no tax payable
11/04/2022
DIFC regulator DFSA's penalties of Dh5.5m on KPMG and Dh1.83m an ex-auditor to stay on their Abraaj work
KPMG decides to withdraw DFSA fine review over its work with Abraaj Capital
11/04/2022
For expats, Sharjah's property ownership decree clears path on inheritance, transfer of rights - will an offplan boom follow?
Decree sets up clear guidelines on ownership, property rights transfer and inheritance
11/03/2022
UAE’s unemployment insurance scheme to begin on January 1
Those with basic salary below Dh16,000 can get payout of up to Dh10,000
11/02/2022
Central banks are stocking up on gold as demand reaches pre-pandemic levels
World Gold Council says total demand for gold jumped 28% on year
11/01/2022
Sharjah announces changes to real estate ownership law for expats
The amendment mentions the circumstances under which a person who is not a citizen of the UAE or of a Gulf nation can own real estate in the emirate
10/28/2022
IMF confirms $3bn loan for Egypt, welcomes exchange rate flexibility
The announcement came after Egypt’s central bank announced that it raised key interest rates by 2 percent and switched to a more flexible exchange rate system in a bid to combat the country’s mounting economic issues.
10/26/2022
Saudi Arabia signs six MoUs on opening day of 6th Future Investment Initiative
The agreements will support the efforts and objectives of the Ministry of Investment to attract investments, enable sectors to grow and facilitate access to investment opportunities
10/25/2022
Dubai Court declares Arabtec bankrupt, approves liquidation of its assets
Dubai Court's final ruling also applies to all Arabtec subsidiaries
10/24/2022
Goldman, banker agree settlement terms over London dismissal lawsuit
A lawyer for Thomas Doyle, the bank's former EMEA head of synthetic swap sales, on Saturday confirmed that settlement terms had been reached over ordinary unfair dismissal claims
10/21/2022
Insurance company Volante Global uses Lloyds’s Syndicate at DIFC for Middle East and Republic of Türkiye growth
Volante (DIFC) Ltd has received a category four licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from DIFC
10/18/2022
PwC strikes partnership with Abu Dhabi-based AI group G42
One of the key areas of focus is on building a joint cloud proposition which enables organisations to leverage AI in the cloud, as opposed to less powerful onsite applications.
10/17/2022
K&L Gates Recognized as Banking & Finance, Corporate Teams of the Year at Qatar Business Law Forum Awards
The recognitions come at the same time as several others for the firm
10/14/2022
Debt reduction, not currency stabilization, is Egypt’s goal: Central Bank advisor
The consumer price inflation in Egyptian cities rose to 15 percent on an annual basis in September
10/13/2022
IFLR Middle East Awards 2022: winners announced 
Many of the region’s top law firms and banks were in attendance, and it was great to see so many familiar faces, as well as welcome several new ones.