Bond calls in the face of insolvency: UAE law need to know
The recent announcement by UAE construction giant Arabtec Holding PJSC (Arabtec) that its shareholders have resolved to "adopt a plan…
Regulation, Risk & Compliance
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Tougher penalties for UAE businesses who disclose VAT errors
Businesses in the United Arab Emirates (UAE) face tougher penalties than previously expected when they make a VAT Voluntary Disclosure…
UAE: Islamic personal law reforms are good for business
Reforms announced to Islamic personal laws in the UAE will have a positive impact for the local economy and business…
Abu Dhabi Global Market releases plans to regulate service providers
The Abu Dhabi Global Market Registration Authority has published a consultation paper outlining its plans to establish a regulatory framework…
Conditions to Meet Before Liquidation of Company in UAE
Liquidation is the formal process of closing (or ‘winding down’) a company and selling its assets. The proceeds then go…
Standard Chartered Signs Deal With AWS
Amazon Web Services and Standard Chartered Bank has announced a five year, strategic global agreement, which deepens the existing relationship…
Oman announces Omani Rial sovereign Sukuk issuance for retail investors
The Government of Oman represented by the Ministry of Finance has announced the successful completion of Series 4 of the…
Bahrain first in GCC to allow use of convertible notes
Bahrain has become the first in the GCC to allow businesses to raise capital via convertible notes – a type…
Egypt secures $7.308bn in financing over 2020: Al-Mashat
Egypt’s Ministry of International Cooperation has succeeded in concluding agreements in 2020 worth $7.308bn for various priority sectors, Minister of…
Egypt’s central bank seeks to issue dollar-dominated T-bills during Nov.
The Central Bank of Egypt is set to issue dollar-denominated treasury bills (T-bills) for a year, on November 16, 2020.…
UAE’s VAT revenue tops $3bln during Jan-August
The UAE’s Ministry of Finance said that from the beginning of January until the end of August 2020,the total value-added…
Real estate trends: Dubai's home sales fall; decline in property prices slows down
The decline in Dubai’s residential values showed signs of decelerating in October, but sales of home units have somewhat slowed…