Commercial MENA Edition

telecommunications

Saudi lifts ban on internet calling applications

Ban will be lifted from midnight on Thursday

financial services

ADGM launches electronic prudential reporting structure

ADGM has engaged CoreFiling based on its track-record and international expertise in the field of XBRL compliance to support financial regulations.

currencies

Swiss shut down 'fake' E-Coin in latest crypto currency crackdown

Chinese authorities' ordering Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure.

education

Deloitte advises Blossom Nursery on merger with Babilou

Blossom Nurseries has rapidly grown from one site to six centers across Dubai.

equities

Dubai's DFSA signs MoU with Lebanon’s Capital Markets Authority

The agreement will enhance information sharing and cooperation around supervisory issues.

financial services

South Africa's tax service to take legal action against KPMG

Reputational damage caused when the auditor released details of a confidential report it had compiled for the tax office.

financial services

U.S. trial set to begin for ex-HSBC exec in foreign exchange scheme

U.S. probe into foreign exchange rate manipulation.

kuwait

KNPC denies laying off Kuwaiti staff

Kuwait National Petroleum Company (KNPC) yesterday said it neither dismissed staff nor revoked any contract.

uae

Dubai's DIFC Courts launches new division for resolving complex construction disputes

Justice Sir Richard Field will head DIFC Courts’ Technology and Construction Division

saudi arabia

Decision to feminize women's wear shops in Saudi from Oct. 21 welcomed

The decision comes within the efforts and the commitment of the ministry to ensure proper provision of suitable and stable work environments, and expand work fields for Saudi women in the private sector