02/09/2022
Saudi market regulator approves Bank Albilad’s $2.67bln capital raise
Bank Albilad aims to carry out the capital raise through the issuance of bonus shares
Legal, Tax, Regulation & Compliance
02/09/2022
Mercator : Key Regulatory Updates from 2021
Mercator by Citco continues to provide updates from across the entire set of jurisdictions that Mercator operates in to help keep our multinational clients informed and remain compliant.
02/08/2022
Will UAE's corporate tax rate affect creditworthiness of businesses?
S&P looks at the implications of new tax on rated companies
02/08/2022
Lebanon banks association rejects draft govt financial plan
The ABL said it had no role in drafting the plan and had not seen an official version
02/07/2022
Israel cenbank should be set to tighten if inflation gains further -IMF
Israel's inflation rate was 2.8% in 2021, within an official 1-3% target and well below rates seen in many Western peers
02/07/2022
Saudi's SAMA bans banks from opening accounts for entities involved in illegal operations
These rules are contained in the updated Bank Account Rules that are mandatory and to be enforced by the Saudi banks effective from Feb. 2
02/07/2022
PwC Legal enters Qatar market with new office in Doha
PwC Legal consists of a team of over 5,000 lawyers and legal professionals in 100+ countries.
02/07/2022
GCC corporate tax rates are still attractive to foreign companies
The average top corporate tax rate among EU countries is 21.3 percent, 23.04 percent among OECD countries, and 69 percent in the G7, according to the US-based Tax Foundation.
02/07/2022
EFG Hermes expects Banque du Caire to be listed on EGX in 2022
Saudi, Emirati sovereign funds are interested in health, pharmaceutical sectors in Egypt, says Mostafa Gad
02/04/2022
Egypt's central bank keeps key interest rates unchanged
The committee kept the deposit rate at 8.25% and the lending rate at 9.25
02/04/2022
KPMG launches inaugural ‘Asasiyat’ report
A strategy formulation exercise needs to focus on several critical aspects to be successful in achieving organisational vision, mission, and objectives.
02/04/2022
UAE’s tax-free allure dims with new corporate profit levy
The ambitious plan aims to eventually set 15% as the base levy to stem international competition to offer more attractive rates.
02/04/2022
Turkish central bank begins distributing 2021 profits to shareholders
Ankara has ramped up fiscal support for the economy amid turmoil following a slide in the lira's value and soaring inflation at the end of last year.
02/04/2022
Dubai Islamic Bank expects UAE to remain globally competitive after new corporate tax
Dubai Islamic Bank CEO says the new UAE tax regime is “welcome”
02/04/2022
Will a new tax dent business-friendly Dubai?
The UAE says it is coming into line with international taxation standards as large economies try to close tax avoidance loopholes.
02/03/2022
GCC Quarterly Review - Q4 2021
This follows the amendment to the SCA’s Resolution No.11/R.M of 2016 regarding the offering and issuance of shares on public markets
02/03/2022
Central Bank of Kuwait Issues Digital Bank Guidelines
The guidelines were developed after studying the regulatory approaches of 25 central banks and the business models of 40 digital banks.
02/03/2022
Saudi sovereign fund in talks for extension on $15bln loan: sources
The sovereign wealth fund started raising bank debt in 2018
02/02/2022
UAE unveils 9% corporate tax
It ‘shouldn’t pose any issue to businesses looking to benefit from life and opportunities’ in the country
02/02/2022
UAE Central Bank launches new general terms and conditions for standing credit and liquidity insurance
Move defines discretionary powers related to activation of facilities