Retire in Dubai: costs revealed
Earlier this month Dubai government announced that over 55s are now able to apply for a visa to enable them…
Regulation, Risk & Compliance
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Deutsche Bank: Suspected of facilitating funds to Daesh in Iraq
The Islamic State’s infamous rule over vast areas of Iraq during 2014 and 2016 not only led to a humanitarian…
Will the chance to retire in Dubai appeal to British expats?
The UK and Dubai have long enjoyed a close relationship, with historical, cultural and trade ties stretching back decades. Around…
Turkish banking sector’s credit volume increases
The Turkish banking sector’s credit volume increased by over TL 15.18 billion ($2.01 billion) in the week of Sept. 4-11,…
Qatar, US support strong and united GCC
The Governments of the United States and the State of Qatar have expressed concern about the detrimental security, economic, and…
Israeli and Emirati diamond exchanges sign 'collaboration agreement'
Diamond exchanges in Israel and the United Arab Emirates will soon open offices in each other’s countries. The news is…
UAE's Emirates Islamic Bank confirms $500mln bond sale
UAE-based Emirates Islamic Bank has confirmed it has sold Islamic bonds, or sukuk, worth $500 million to beef up liquidity.…
Abu Dhabi Islamic Bank signs MoU with Israel’s Bank Leumi
Abu Dhabi Islamic Bank has signed a memorandum of understanding with Bank Leumi, one of Israel’s largest banks. ADIB…
United Arab Emirates: Economic substance regulations amended and replaced
On 10 August 2020, the United Arab Emirates (UAE) amended and replaced the economic substance (ES) regulations (originally issued pursuant…
Credit Suisse teams up with Qatar fund on multi-billion credit business
Swiss bank Credit Suisse and the Qatar Investment Authority said on Thursday they were jointly setting up a multi-billion dollar…
UAE Ministry of Finance launches third generation e-Dirham system
The Ministry of Finance launched the third generation e-Dirham cards (e-Dirham G3), in cooperation with new government entities and national…
UAE tech sector needs to get hiring right
Billions of dirhams worth of projects are channelled by the government to large private companies each year, whether related to…