12/09/2020
Egypt, French agency sign financing agreements- statement
The agreements were part of the 2019-2023 Strategic Partnership in Social and Economic Development between Egypt and France
Legal, Tax, Regulation & Compliance
12/08/2020
Central Bank of Egypt extends tourism, retail loan initiatives to 2021 end
The CBE also decided to extend the validity period of the retail loan initiative for workers in the tourism sector for a year, which will also conclude at the end of 2021.
12/08/2020
Gulf Bank Embarks On Multi-Year Multiexperience Transformation Journey With Avaya
The transformation journey began earlier in the year, when Avaya supported Gulf Bank at the height of the COVID-19 pandemic by providing remote agent licenses.
12/07/2020
Turkey Inflation – Back with a Vengeance
The Brazilian economy rebounded strongly in Q3 2020 (7.7% quarter-on-quarter).
12/07/2020
UAE's gold and jewellery industry is set for its biggest makeover yet
Creation of database and special committee to ensure greater transparency
12/07/2020
Saudi prince slams Israel in panel with Ashkenazi
Ashkenazi took part in the panel on “new security partnerships in the Middle East” via video link from the Foreign Ministry in Jerusalem.
12/04/2020
UAE expands 10-year residency golden visa eligibility
The United Arab Emirates is extending its golden visa system, which grants 10-year residency in the Gulf state, to certain professionals, specialised degree-holders and others.
12/04/2020
Saudi Arabia and UAE Declare Central Bank Digital Currency Pilot a Success
This promises to address the inefficiency and costs that are inherent in existing cross-border payment mechanisms.
12/04/2020
Turkish inflation hits 14% as monetary policy pressure mounts
Month-on-month, consumer prices rose 2.30% in November, the Turkish Statistical Institute said, compared with a Reuters poll forecast of 1.0%.
12/04/2020
Saudi Public Prosecution says giving false impression of capital market is ‘serious crime’
Performing a series of transactions on a specific security to influence on a particular stock.
12/04/2020
Bahrain to allow occupied West Bank goods to be labeled as 'Made in Israel'
"We will treat Israel and Israeli companies like we do Italian or German or Saudi companies, for that matter," he said.
12/03/2020
Fraud, corruption tackled during COVID-19: Saudi Central Bank
Governor Ahmed Abdul Karim Al-Kholifey on the measures the Kingdom has taken to fight financial crime
12/03/2020
Yemen central bank shuts firms linked to currency crash
The banned firms were established over the last five years when Yemen’s banking system fell apart amid the country’s civil war
12/03/2020
Bahrain, Israel Ink New Cooperation Agreements
The Israeli Economy Minister, Amir Peretz, attended the ceremony at the Waldorf Astoria Jerusalem in Jerusalem.
12/03/2020
The UAE’s Wages Protection System (WPS) explained
How WPS ensures timely payment of salaries and what you can do in case of delays
12/02/2020
Legal Advisors and Baker McKenzie advise on Gulf Insurance Group's acquisition of AXA's Middle East insurance business
This transaction is the latest example of Baker McKenzie's cross-border transactional deals in the Middle East.
12/02/2020
UAE Sets Up Special Courts to Combat Money Laundering
During the meeting, Al-Dhaheri said 200 law firms in the UAE had failed to comply with anti-money laundering procedures and were suspended from practicing for one month.
12/02/2020
Lebanon central bank can keep subsidies for only two more months, says governor
A meltdown without precedent has crashed Lebanon's currency and paralyzed banks
12/02/2020
QFC is ideal entryway for US firms to access Qatar innovation ecosystem: Al-Jaida
Given Qatar’s fast-paced economy, there is a great potential for US companies to set up operations here, especially since Qatar is on track for more growth leading up to the FIFA World Cup 2022, and beyond.
12/02/2020
The UAE Recalibrates its Foreign Direct Investment Framework with 100% Foreign Ownership and Other Landmark Changes to its Commercial Companies Law
In the past year, the UAE has recognized exceptions for the relaxation of the local shareholding requirement in certain sectors.