Gulf states prep tax laws ahead of 2018 rollout
Gulf Arab states are putting the finishing touches on draft laws on value-added taxes of up to 5 percent that…
Regulation, Risk & Compliance
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The pressure is growing on the UAE banking system
The pressure is growing on the UAE banking system. It’s good that the Central Bank, with informal moves to limit…
UAE Central Bank taking no chances over vital liquidity
The pressure is growing on the UAE banking system. It’s good that the Central Bank, with informal moves to limit…
GCC insurance industry requires regulatory 'passporting' to enable scale and profitability
The conveners of the longest running Insurance platform for the Middle East - the Middle East Insurance Forum (MEIF) -…
Saudi market regulator approves REIT listing rules
Jan 13 Saudi Arabia's market regulator said it had approved rules governing the listing of real estate investment trusts, funds…
Turkish Central Bank Raises Maximum Forex Collateral Ratio
Turkey's central bank will next week increase the amount of foreign-denominated collateral banks can pledge against borrowing in the interbank…
Knesset panel okays Israel becoming member of Asian Development Bank
The Knesset Finance Committee on Monday approved a bill laying out terms for Israel becoming one of 57 founding members…
Al Zarooni Exchange UAE licence revoked for money laundering violations
The central bank of the United Arab Emirates on Monday said it had revoked the licence of local money exchange…
Banker calls for urgent reality check to regain top position
Bahraini banker Rashad Janahi has called for an urgent reality check. According to him, it is a fact that…
Bahrain central bank warns over remittances tax move
The Central Bank of Bahrain has warned about the fallout of taxes on remittances and other 'foreign transactions', said a…
Omani central bank announces new reserve buffers, may force capital increases
Jan 6 The Central Bank of Oman has published rules for countercyclical buffers, a move aimed at protecting against the…
Turkey must harmonize laws with China-backed bank before Jan. 16
Turkey has until Jan. 16 to harmonize its domestic laws with the legal structure of the Asian Infrastructure and Investment…