UAE’s tax-free allure dims with new corporate profit levy
The United Arab Emirates will impose a federal levy on corporate earnings for the first time next year, as it…
Regulation, Risk & Compliance
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Emirates NBD, Singapore’s APIX join hands to boost fintech innovation
Emirates NBD has announced a strategic partnership with fintech collaboration platform APIX Singapore, wherein it gets access to its network…
Turkish central bank begins distributing 2021 profits to shareholders
Turkey's central bank said on Thursday it had decided to pay advance dividends from its 2021 accounting period and distribute…
Dubai Islamic Bank expects UAE to remain globally competitive after new corporate tax
Dubai Islamic Bank, one of the city’s biggest lenders, expects the United Arab Emirates to remain competitive after a new…
GCC Quarterly Review – Q4 2021
The fourth quarter of 2021 saw a number of legal developments in the Gulf Cooperation Council (GCC) region (Bahrain, Kuwait,…
Central Bank of Kuwait Issues Digital Bank Guidelines
The Central Bank of Kuwait this week released guidelines for digital banks. They said this falls within its overall efforts…
Saudi sovereign fund in talks for extension on $15bln loan: sources
Saudi Arabia's sovereign wealth fund is in talks with banks to exercise an extension option on a $15 billion revolving…
UAE Central Bank launches new general terms and conditions for standing credit and liquidity insurance
As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general…
Accenture to develop UAE National Instant Payment Platform
Accenture has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies to help…
New IsDBI book details practical ways of curtailing risk in Islamic Finance
The Islamic Development Bank Institute (IsDBI) has released a new book detailing the application of ‘heavy tails’ distribution techniques to…
CBUAE launches new general terms and conditions for its standing credit and liquidity insurance facilities
As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general…
Why employees will continue to pay no income tax in the UAE
The UAE has long been a favourite destination for foreign workers, attracted by the country’s tax-free salaries and lower cost…