Emerging Markets Turkey purges central bank as nine top officials are sidelined
Turkey's central bank, known as Türkiye Cumhuriyet Merkez Bankası has made the biggest overhaul to its senior management in recent…
Regulation, Risk & Compliance
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QCB key policy rate gone up 100 basis points in 2018 following Fed hike
The Qatar Central Bank had increased its key policy rate by 100 basis points (bps), or one percentage point, in…
Oman, the ‘Switzerland of the Middle East’, is about to find itself in troubled waters over its refusal to take sides
Even though the Sultan himself has repeatedly dismissed the comparison, Oman continues to enjoy the moniker of being “the Switzerland…
VAT q&a: 'What is the penalty for not submitting a tax return on time?'
I have a client whose VAT return is due by August 28. However, he is on holiday and unable to…
UAE shuts down 115 websites, social media accounts
Fraudsters, illegal online sellers and promoters better watch out. Abu Dhabi's Department of Economic Development just shut down 115 websites…
Qatar- Banking sector to benefit from surplus fiscal balance, higher outlay on major projects: QCB
Qatar's surplus fiscal balance and increasing government expenditure on major projects may boost public and private sector investment and credit…
Expat in the UAE? Ask yourself these financial questions
The appeal of a high standard of living, low taxation, high salaries - and, of course, the sunshine - have…
Why banks need to undergo 'bionic transformation'
Since developments in technology and regulation are disrupting the UAE banking sector, banks must quickly adapt and transform to address…
Britain ‘conditions retrial’ for Al-Raja’an extradition
Britain made the retrial of Fahd Al-Raja’an, the former director of the Public Institution for Social Security a precondition for…
Dh10,000 fine for breaking this law during Eid Al Adha in UAE
As last year, UAE authorities have once against warned residents against the risks of fireworks and fire crackers during Eid…
Israeli Cryptocurrency Traders Locked Out of Banking System: Report
After being unable to deposit profits, Israeli cryptocurrency traders are looking for answers from banks and regulators. Still unfamiliar…
Important Israeli court ruling on the taxation of trusts
The Tel Aviv District Court has rejected the Israel Tax Authority's position that the transfer of real property into an…