Saudi Arabia allocates independent budget to free zones authority
Saudi Arabia has allocated an independent annual budget to the Economic Cities and Zones Authority (ECZA), to transform the Kingdom…
Regulation, Risk & Compliance
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Dubai regulator unveils sustainable finance task force in DIFC
The Dubai Financial Services Authority (DFSA) has launched a task force on sustainable finance (TFSF) in the Dubai International Financial…
Corporate segment to drive Saudi Alinma Bank's financing growth
The corporate segment will continue to drive financing growth at Saudi Islamic lender, Alinma Bank, said the Riyadh-based Aljazira Capital…
Saudi Arabia prepares to offer its first green bond
The Saudi government and the kingdom’s sovereign wealth fund are preparing to launch green bonds in the coming months, according…
Turkey faces threat of inflation, currency crisis
Turkey’s Central Bank meeting on Thursday was held amid heated debates about the high interest rates and the continued depreciation…
Taiwan's taxation pact with Saudi Arabia takes effect
An agreement with Saudi Arabia to avoid double taxation and prevent tax evasion officially went into effect on Nov. 1,…
DFSA launches task force on sustainable finance in DIFC
The Dubai Financial Services Authority has launched the Task Force on Sustainable Finance (TFSF) in the Dubai International Financial Centre…
UAE Labour Law revamp will help businesses in talent war
A new governing employment law set in the UAE will help businesses operating in the Emirates to attract and retain…
UAE Central Bank issues guidance for licensed exchange houses to combat money laundering
The UAE Central Bank issued guidelines to help licensed exchange houses to combat money laundering and the financing of terrorism.…
Amendments on bankruptcy – Federal Decree Law No. 35
1st November 2021 saw a pivotal amendment to the UAE’s Bankruptcy Law. Federal Decree – Law No. 35 of 2021…
United Arab Emirates a go-to offshore haven for Africa’s political and business elite, leaked records show
In 2018, the son of the president of the island nation of Comoros was back home in the capital city…
Pandora Papers reveal Emirati royal families’ role in secret money flows
The glass-and-steel office towers and luxury hotels along Sheikh Zayed Road are glittering reminders of Dubai’s rise from a cluster…