06/07/2022
Alvarez & Marsal releases Saudi Arabia Banking Pulse for Q1 2022
Saudi banking sector profit remains well diversified
Legal, Tax, Regulation & Compliance
06/07/2022
Clifford Chance advises DP World on the sale of a minority stake in its strategic UAE assets to CDPQ for US$5 billion
Tranche 1 (US$5 billion) of the transaction is expected to close in the second or third quarter of 2022, and tranche 2 (up to US$3 billion) is expected to close during the fourth quarter of 2022.
06/07/2022
Saudi issues 9,400 new investment licenses for foreigners in first quarter of 2022
This figure is about 19 times more than the licenses granted in the first quarter of 2021, according to the data issued by the Ministry of Investment
06/05/2022
UAE leads international money laundering, tax evasion operation in arrest of Sanjay Shah
For the past two years UAE authorities have worked closely with their Danish counterparts to compile a strong body of evidence in this case
06/03/2022
Corporate Tax In The UAE
This is a question on many people's lips and the answer is simple, to ensure the UAE develops and transforms.
06/03/2022
Linklaters advises nogaholding on the largest ever sustainability-linked loan in Bahrain
As the company’s first sustainability-linked corporate financing facility, it utilises KPIs related to greenhouse gas emission reduction as well as safety measures.
06/03/2022
China In-Focus: Beijing asks state-owned policy banks for $120bn for infrastructure projects
China will take the needed measures to prevent domestic firms from being blacklisted in the US. Meanwhile
06/03/2022
GCC states can create 600,000 tech jobs, add $255bln to GDP by 2030
By harnessing their digital economies, GCC states can boost GDP, says Strategy&
06/03/2022
Sheikh Mohammed issues law to establish Dubai Media Council
The council will develop Dubai’s media strategy and oversee its implementation
06/02/2022
Saudi Zakat, Tax, and Customs Authority exempts taxpayers from fines
The period starts on Wednesday until Nov. 30, according to the Saudi Press Agency.
06/02/2022
Dubai Financial Services Authority Enacts New Regime for Credit Funds
The new regulation primarily impacts the managers of credit funds domiciled in the DIFC, but there are some implications for non-DIFC credit funds.
05/31/2022
​Egypt is a key strategic partner of South Korea: Ambassador Hong Jin Wook
The EDCF policy dialogue was held to exchange views on bilateral development cooperation with the participation of a host of officials from both countries.
05/31/2022
Israel signs major trade deal with UAE
Tariffs eliminated on 96% of goods
05/31/2022
Kuwait Insurance Executive Regulations to come into force June 2022
The Executive Regulations provide a transition period of 15 months until 30 June 2022
05/30/2022
Bahrain Association of Banks bolsters collaboration with Dar Al-Qarar
During the meeting, the two parties noted Dar Al-Qarar’s mission of providing qualified arbitrators to the Bahraini and Gulf markets
05/28/2022
Turkey’s central bank holds its policy rate at 14% despite soaring inflation
The lira, which has tumbled this year on top of a 44% slide last year, weakened a further 0.4% to 16.4220 against the dollar by 1241 GMT.
05/28/2022
Turkey’s central bank holds its policy rate at 14% despite soaring inflation
The lira, which has tumbled this year on top of a 44% slide last year, weakened a further 0.4% to 16.4220 against the dollar by 1241 GMT.
05/26/2022
UAE Government signs sustainable global strategic partnership agreement with WEF
The agreement aims to boost the exploration of future opportunities, while augmenting integration and cooperation in supporting global efforts to achieve mutual objectives and develop comprehensive future plans and strategie
05/25/2022
The CBB grants a Funds Administration Licence to Crestbridge Funds Services W.L.L.
Crestbridge has administered funds and provided administration and operational governance services in Bahrain for 17 years
05/25/2022
Winding up a company invested and managed in the Middle East - Al Najah Education Limited – [FSD 119 OF 2021(RPJ)]
Historic concerns on dissipation and mismanagement which are now irrelevant will unlikely persuade the Court to appoint provisional liquidators.