06/15/2021
Foreign investment opportunities expand in the United Arab Emirates
This law also repeals Federal Law No. 19 of 2018 regarding foreign direct investment, which had allowed foreign investors to own up to 100 per cent.
Legal, Tax, Regulation & Compliance
06/15/2021
KPMG launches competition for tech start-ups in UAE
Per a KPMG statement, the UAE iteration was inspired by a similar contest
06/14/2021
Should GCC states be afraid of the G7 corporate tax plan?
Saudi Arabia was regarded as especially exposed to the fallout from a global tax.
06/14/2021
Tax or no tax, UAE aims to remain magnet for investors
The United Arab Emirates entered the world’s top 10 tax havens for the first time in March, according to the Tax Justice Network.
06/14/2021
Egypt’s Banque Misr applies on licenses to operate in Somalia, Djibouti, Kenya
As such, Banque Misr will be having operations in four African states given that it already has a branch in Cote D’Ivoire.
06/14/2021
Clyde & Co named International Law Firm of the Year in the Middle East
Global law firm Clyde & Co was named 'International Law Firm of the Year' for the second year in a row at the prestigious Legal Week Middle East Legal Awards 2021.
06/14/2021
CBUAE issues guidances for its licensed financial institutions on anti-money laundering and combatting the financing of terrorism
The Guidances will assist the understanding and mitigation of risks as well as the effective performance by the LFIs of their AML/CFT statutory obligations
06/13/2021
Germany buys Dubai data to track possible tax evasion
Der Spiegel Magazine first reported the purchase of a CD containing details of assets in Dubai
06/11/2021
Turkish central bank alters name of key survey, citing forecast confusion
The central bank said in its April Inflation Report that it expects year-end inflation of 12.2 percent.
06/11/2021
Egyptian regulator tells Banque du Caire, others to IPO this year
In Egypt, companies are allowed to list on the exchange before actually offering shares to be traded
06/11/2021
SAMA advances licensing process of two digital banks
The move is also in order to achieve the objectives of the Kingdom’s Vision 2030 aims.
06/11/2021
Israel group sues Qatar banks, charities for more than $360m
Shurat HaDin also claimed that branches of Qatar Charity in Ramallah conduct transfers directly to Hamas operatives in Gaza.
06/10/2021
The Central Bank of the UAE and the Central Bank of Egypt enhance cooperation on banking supervision
Mr. Tarek Amer, Governor of the Central Bank of Egypt, said: “Egypt is keen to strengthen the bonds of collaboration with Arab nations
06/10/2021
UAE central bank unveils whistleblowing portal
To address ‘occurrences of alleged illegal and unethical practices’
06/09/2021
How the ISO 9001 quality standard has evolved over time
Later, quality standards were added to the specifications and this ultimately led to the introduction of MIL-Q9858.
06/09/2021
40 regulatory and supervisory institutions attend AAOIFI regulators roundtable
During his welcome remarks Mr. Abid highlighted the importance of this event and stated that "the exposure draft of FAS 1 reflects commitment of AAOIFI and its consistent endeavour for making financial statements of Islamic financial institutions tra
06/09/2021
KFH activates guide feature on Its Instagram account
Reinforcing the role of digital tools in analyzing people thoughts and interaction
06/08/2021
Egypt nears issuing sukuk bonds as bill moves through parliament
The draft law received initial approval from the parliament on Sunday
06/07/2021
UAE central bank sets up 'whistleblowing' portal for misconduct, unethical practices
Public, financial institutions, vendors can report wrongdoings anonymously
06/06/2021
France probes Lebanese central bank chief’s wealth
The Lebanese public suspect him and other high officials of transferring money abroad during a 2019 uprising, when ordinary people were prevented from doing so.