Kuwait – IMF and World Bank wolves in sheep's clothing over taxes
For years the International Monetary Fund (IMF) has been pressing Gulf States to apply Value Added Tax (VAT) on consumer…
Regulation, Risk & Compliance
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Middle East money backs £100m fund going into UK warehouses
Middle Eastern investors have backed a new £100 million fund betting on rising demand for storage space near London. …
Israel Tax Authority handed details on Cayman Islands accounts
Tax Authority chief Eran Yaacov says he has information on thousands of accounts, some of them with unreported capital. …
Lebanon lifts banking secrecy in 30 cases
Lebanon’s anti-money laundering watchdog lifted banking secrecy in 30 cases last year out of 489 cases it investigated. The…
Emaar joins hands with Chinese company
At a ceremony held at the China National International Convention Centre, Dubai-based global developer Emaar signed a memorandum of understanding …
UAE tops in GCC bank assets with $682B
The UAE continues to boast the biggest share of total listed bank assets in the GCC at $682 billion or…
Turkey complies with US sanctions to avert risks
Turkey had begun reducing oil imports from Iran in recent months and looked to hedge against higher oil costs by…
Saudi central bank grants licences to 14 fintech firms
The Saudi Arabian Monetary Authority has granted licences to 14 fintech companies in the field of crowd lending and payment…
The International Banker 2019 Middle East & Africa Awards Winners
According to Saudi Arabia’s central bank, an increasing amount of interest is being shown by regional banks that seek to…
Jefferies to become member of Tel Aviv Stock Exchange
U.S. financial services firm Jefferies will join the Tel Aviv Stock Exchange (TASE) as a remote member, the Israeli bourse…
e-Gift: Commercial Bank suggests innovative gifting idea for Eid
The Peninsula Commercial Bank, suggests for Eid an out-of-the-box gifting idea: e-Gift! Innovative as always, the Bank is paving the…
Utmost expands into the Middle East with Dubai licence
Utmost Wealth Solutions is making a first push in the GCC after securing the green light from the Dubai Financial…