07/09/2021
Saudi's AHAB nears end of years long debt dispute
A bankruptcy judge is expected to indicate within 60 days a date for a creditor vote, and distributions could follow soon.
Legal, Tax, Regulation & Compliance
07/09/2021
Turkey central bank governor under investigation for plagiarism
Opposition media have accused Arıcan of writing Albayrak’s thesis, citing leaked emails obtained by a Turkish hacker group.
07/09/2021
Banks asked to prepare long-term NPL strategy
However, bankers and officials said that no final government decision was taken on a capital injection.
07/09/2021
Mauritius Commercial Bank Ltd to adopt MITECH's TRAC Collateral Management system in the Cloud
The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year.
07/09/2021
Saudi pension changes could hamper early retirement plans
Riyadh's national pension scheme has a serious hole in its finances, thought to be to the tune of approximately $213 billion.
07/08/2021
BAB signs MOU with Iraq Private Banks League
The two parties agreed to form a joint committee to consult and agree on implementing and following-up joint plans and programmes.
07/07/2021
UAE seeks to tighten anti-money laundering and terror financing measures
Financial sector regulators and law enforcement agencies urged to tighten procedures
07/07/2021
GCC Quarterly Review Q2 2021
The UAE Central Bank has issued two new regulations as to capital requirements.
07/06/2021
Central Bank maintains Information Security ISO Certification
It also stresses that CBK’s data security management system meets the requirements for protection of information and data centers and enhances the information security level throughout the bank.
07/06/2021
Turkey sets conditions in international agreements in favor of businessmen close to Erdoğan
The agreement states that priority in the selection of contractors will be given to contractors that are currently working on the routes specified.
07/06/2021
Global tax reforms to impact tax liabilities of multinational companies in the UAE, Oman
UAE and Oman among 130 nations/territories endorsed the new tax reforms framework
07/05/2021
QFCRA plans new framework for funds targeting high-net-worth investors
The rules will create a new type of fund structure – the certified professional investor fund – focusing on high-net-worth investors.
07/05/2021
QFC signs MoU with Institute of Chartered Accountants of India
"The signing of the agreement with one of India’s most respected institutions marks yet another important step in our efforts to strengthen human capital and promote entrepreneurship in Qatar.
07/04/2021
Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance
A study of sovereign investors published by Global SWF singled out several of the largest entities in the region for insufficient disclosure and their lack of transparency.
07/04/2021
UAE’s liberalisation policy will continue to attract FDI to region: UN
The UAE also received more foreign direct investment in the year of the Covid-19 pandemic when the Emirates was ranked among the world’s top 20 FDI recipient countries
07/02/2021
Global tax overhaul backed by 130 countries
All G20 countries, such as the US, UK China and France, did back the agreement.
07/02/2021
Linklaters advises on first ever international convertible bond issued by a Turkish listed company
The bonds include a number of bespoke features, including leverage and guarantee covenants, a make-whole provision and an annual conversion price reset test.
07/01/2021
Deloitte experts release 'Transfer Pricing in the Middle East' guide
According to publisher LexisNexis (one of the world’s largest legal and tax information providers), this book is “the first of its kind in the Middle East region.
07/01/2021
Shariah-compliant fund from Ethos Invest aims to raise $1.38bln
UK-based fund will invest across the MENA region as well as the UK, Europe, Southeast Asia and North America
07/01/2021
Al-Marzouq: KFH has been operating in Turkey for over 30 years with a variety of achievements
KFH Group participates in the Investment Opportunities & Collaboration Areas between Turkey and Kuwait webinar