VAT’s impact on UAE’s consumer price inflation will be limited
The impact of the introduction of value added tax in the UAE from January 1, 2018 on annual inflation in…
Regulation, Risk & Compliance
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$205bn worth of cheques handled in H1: UAE cbank
A total of 15.151 million cheques worth Dh755 billion ($205.5 billion) were handled by the Cheque Clearing System during the…
Deposits in UAE banks surge to $120bn in H1
Short-term deposits in UAE banks increased by AED27.9 billion during H1, bringing to AED439.7 billion the total value of short-term…
Qatar,‘damaged’ by ATQ sanctions, has the worst still to come
June was a bad month for Qatar. It suffered a collapse in imports, soaring food inflation and tighter financial conditions…
For many Middle Eastern entrepreneurs, the first order of business starts offshore
When Uber and its Emirati competitor Careem entered Jordan in 2016, they provided welcome relief from the country’s taxi services,…
Jordan approaches banks for dollar bond or sukuk issue- sources
The government of Jordan has asked banks to submit proposals to arrange a U.S. dollar conventional or Islamic bond issue,…
IFRS 9 to herald new era in reporting for GCC banks
Most banks in the GCC have just completed their half yearly financial reporting. However, for accountants and auditors alike,…
A call for UAE VAT compliance
Companies and individuals submitting late, incomplete or incorrect filings under the final value-added tax regulations will face penalties and other…
Yemen central bank complains to Saudi-led coalition about cash deliveries
Yemen's central bank has complained to its allies in a Saudi-led military coalition about a lack of cash deliveries needed…
ADGM recruits UAE Exchange as latest fintech partner
Abu Dhabi Global Market have entered into partnership, to support, develop and promote the FinTech ecosystem in Abu Dhabi…
Moody’s fires starting gun for international financial groups moving staff to Saudi Arabia
The planned opening of a Moody’s office in Saudi Arabia has fired the starting gun for the race to build…
Central Bank of Bahrain Issues P2B Crowdfunding Regulations
The Central Bank of Bahrain has released regulations for debt based crowdfunding. Rules apply to both Shari’a compliant and conventional…