G8 leaders strike deal to fight tax evasion 'scourge'
Leaders of the G8 major economies struck a deal Tuesday to crack down on the "scourge" of illegal tax evasion…
Regulation, Risk & Compliance
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Central Bank mortgage caps would hit Dubai
Mortgage caps planned by the Central Bank risk eroding Dubai's GDP by up to almost 3 per cent and hindering…
'Governance unit' for UAE Islamic banks Will act as reference point in any dispute
The UAE Central Bank is planning to create a 'governance unit' that will organise the activities of Shariah-compliant banks and…
Qatar tightens caps on banks’ securities investment
Qatar’s central bank has tightened its curbs on how much banks can invest in stocks and bonds, according to a…
IIFM Publishes Global Standard Documentation on Islamic Inter-Bank Unrestricted Master Investment Wakalah Agreement
Bahrain based standard-setting body International Islamic Financial Market (IIFM) has announced the launch of IIFM Inter-Bank Unrestricted Master Investment Wakalah…
NBAD expands custody services to NASDAQ-Dubai
The National Bank of Abu Dhabi, has become a Direct Custodian for NASDAQ-Dubai, thus availing Direct Custody services for…
CBO Publishes Its First Report on Financial Stability
The Central Bank of Oman today issued its first report on financial stability. The report aims at identifying the…
OECD sees action on corporate tax avoidance
National austerity measures taken by OECD member governments as a result of the financial crisis have sparked voter anger at…
G7 nations agree to tackle tax evasion
The G7 group of industrialised nations have agreed that collective action is needed to ensure that firms and individuals pay…
International tax charter published
A charter to create a fairer system for taxpayers has been drawn up by professional bodies representing more than half…
UAE regulator pledges consultation after easing fund rule
New rules set by the Securities and Commodities Authority (SCA) last August tightened requirements for foreign funds in the UAE.…
Regulations and expectations stymie funds in Middle Eas
Across much of the Middle East, economic growth is strong and financial markets are picking up. But there is surprisingly…