VAT to generate Dh20 billion in second year for UAE, Minister of Economy says
The UAE, which plans to introduce value added tax next year alongside the other five GCC countries, could generate up…
Regulation, Risk & Compliance
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Exclusive: Oman in talks with Gulf states to obtain multi-billion dollar deposit – sources
Oman is negotiating with wealthy Gulf Arab states to secure a multi-billion dollar deposit in its central bank that would…
DFSA’s Framework Receives Regulatory Equivalency to European Union Regime
The Dubai Financial Services Authority (DFSA) has announced that its regulatory framework for central counterparties (CCPs) has been classified as…
UAE introduces new legal framework for venture capital funds
Aiming to facilitate the work of innovators and attract venture capital funds to the country, the new legal system involves…
BBK announces a restructuring and new appointments in its Executive Management
Bahrain's BBK has announced new appointments in its Executive Management including Dr. Abdulrahman Saif - Deputy Chief Executive - Head…
UAE issues new rules for online payments
The UAE Central Bank on Wednesday issued new regulations for "stored value digital payments". In a statement the central…
Ithmaar's new group structure wins approval
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today that it has obtained final approval from the Central Bank of…
Economic changes that will affect your wallet in 2017
The tax year which starts on Sunday brings an array of changes created by the previous year’s legislation, the 2017-18…
Qatar made a buzz in finance & business world in 2016
Qatar created waves in global finance and business world in 2016. The country hit the international media headlines when Russian…
Qatar Investment Authority to refinance Porta Nuova district’s debts
The Qatar Investment Authority intends to refinance their debts on Milano Porta Nuova and Varesine, the two complexes acquired in…
Individuals can get maximum SR3,215 in new banknotes, coins
The Saudi Arabian Monetary Authority has started distributing new Saudi currency banknotes and coins at its main branch in Jeddah.…
Financial Policy Coordination Council holds third meeting
The Ministry of Finance organised the third and final meeting of the Government Financial Policy Coordination Council for 2016. …