Just days to go for UAE businesses to comply with 'Economic Substance Regulations'
Now is the time for UAE corporates to comply with the ESR (Economic Substance Regulations) before the deadline of December…
Regulation, Risk & Compliance
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Al Mal Capital's REIT raises $95.3mln in IPO ahead of Dubai listing
Asset management firm Al Mal Capital has raised 350 million dirhams ($95.29 million) from the initial public offering (IPO) of…
Lebanon to ask consultants to resume central bank audit
Lebanon’s caretaker finance minister said it would contact a consulting firm to resume a forensic audit of the central bank,…
Morocco plan to repay IMF credit hints at economic turnaround
Morocco pledged to soon repay part of a $3bn International Monetary Fund credit facility, suggesting the kingdom’s economy may have…
Saudi Arabia sees ‘strong rebound’ in foreign investor licenses
A total of 306 new international companies were granted investor licenses in Saudi Arabia in the third quarter of 2020,…
Saudi Arabia: Misleading ads top Saudi FDA seizures
As part of its commitment to protect consumers online, the Saudi Food and Drug Authority has coordinated a screening of…
Egypt central bank forecast to keep interest rates unchanged
Egypt's central bank is set to leave its main interest rate on hold on Thursday, a Reuters poll showed, possibly…
Kuwait closes border, suspends flights until Jan 1
Kuwait will suspend all commercial flights and close its land and sea borders from 11 p.m. on Monday until…
Qatar's swift policy response helps mitigate Covid-19 impact on economy: IMF
Qatar's swift policy response in containing the Covid-19 spread not only mitigates the health and economic fallout but also helps…
QDB extends National Guarantee Programme applications to June 15
Qatar Development Bank has extended the duration of receiving applications for the National Guarantee Programme until June 15, 2021, noting…
JPMorgan Ousted as Mideast-Africa’s Top Dealmaker by U.S. Rivals
JPMorgan Chase & Co. is no longer the top dealmaker in the Middle East and Africa after losing ground this…
UAE Central Bank to introduce Monetary Bills
The Central Bank of the UAE (CBUAE) announced on Monday that effective 11th January, 2021, a new securities issuance programme…