Record Number of Foreign Investors Establish Operations in Saudi Arabia during Q1 2019
More than 250 new foreign investors were issued licenses in Q1 2019, permitting them to operate in Saudi Arabia, reported…
Regulation, Risk & Compliance
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Kuwait axes expat 5% tax remittance bill
Kuwait is set to scrap a draft law to impose 5% tax on expats for remittances sent to their home…
Dubai ruler approves raft of major projects for the future
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved…
UAE insurance regulator sharpens its teeth
Insurance companies and brokers in the UAE enter a new era this month as a list of 204 prohibited ‘activities’,…
Abu Dhabi ranks 12th in 2019 ‘Doing Business’ report: World Bank
Abu Dhabi is now ranked 12th worldwide according to the World Bank’s 2019 “Doing Business” report. The oil-rich emirate…
UAE fines 9 government service centres for poor performance
As part of a crackdown on poor performance, nine Tasheel government service centres were penalised, one was temporarily shut down…
Saudi licences issued to foreign firms up 70% YoY
The authorities in Riyadh have announced a 70% increase in the number of trading licences issued to foreign companies compared…
DFSA invites applications for its 2019 regulatory sandbox “Summer Cohort”
The DFSA ITL Programme attracts a wide variety of firms, representing diverse business models, from across the world. FinTech firms…
Market intervention shouldn’t be about spiking asset prices
If we were to look at the textbook roles defined for financial and economic regulators, three objectives would rise to…
QBIC launches programme to help fashion designers do business
The Qatar Business Incubation Centre, owned by Qatar Development Bank, has announced the launch of its latest specialised programme –…
Qatar, UK sign several deals in London
The State of Qatar and the United Kingdom have signed a number of bilateral agreements, including the Qatar Central Bank’s…
Saudi Arabia may issue euro-demonimated bonds this year
Saudi Arabia may issue euro-denominated bonds this year, depending on market conditions, Finance Minister Mohammad Al Jadaan said on Sunday.…