Kuwait's sovereign wealth fund assets grow despite oil price shock: report
Kuwait's sovereign wealth fund assets have continued to increase despite the oil price shock, Moody's Investors Service said in a…
Regulation, Risk & Compliance
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Maybank Islamic wants to link up Gulf Cooperation Council with Asean
Maybank Islamic Bhd (MIB), the largest Islamic bank by asset in ASEAN, wants to be the bridge for the Islamic…
The IMF and World Bank — wolves in sheep’s clothing
For years, the International Monetary Fund (IMF) has been pressing Gulf states to apply value-added tax (VAT) on consumer goods…
UAE Central Bank bites bullet on growth, but better news is to come
Last week the Central Bank of the UAE surprised economics analysts with a big downgrade of its forecasts for growth…
New economic corridor widens trade possibilities
Qatar's adroit strategy to shift to overdrive along a new economic corridor has not only successfully maneuvered trade and business…
Experts confirm expats in UAE ripped off by unscrupulous IFAs
British expatriate professionals living and working in the UAE on a permanent basis are again being ripped off by unscrupulous…
UAE's VAT collections exceeds expectations by a wide margin in 2018
UAE residents paid Dh27 billion in value-added tax (VAT) last year, surpassing the government's target of collecting of Dh12 billion,…
Gulf stock investors may go in for profit taking
Stock markets in the Gulf, which are shut for Eid holidays, could be in for extensive profit-taking when they open…
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…
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…