Commercial UAE Edition
Latest News
No extra fee on payment by credit card in Abu Dhabi
Fine of up to AED8,000 would be slapped against errant establishments.
Saudi lifts ban on internet calling applications
Ban will be lifted from midnight on Thursday
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.
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.
Deloitte advises Blossom Nursery on merger with Babilou
Blossom Nurseries has rapidly grown from one site to six centers across Dubai.
Bahrain issues new regulations for Islamic banks
Effective June 2018, the new regulations will make Islamic banks subject to an Independent External Shariah Compliance Audit, to ensure that all Islamic banks activities are Shariah
Dubai's DFSA signs MoU with Lebanon’s Capital Markets Authority
The agreement will enhance information sharing and cooperation around supervisory issues.
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.
U.S. trial set to begin for ex-HSBC exec in foreign exchange scheme
U.S. probe into foreign exchange rate manipulation.
KNPC denies laying off Kuwaiti staff
Kuwait National Petroleum Company (KNPC) yesterday said it neither dismissed staff nor revoked any contract.
Insights
Distrustful U.S. allies force spy agency to back down in encryption row
Deep mistrust among close U.S. allies.
What is at stake for Uber in U.S. bribery probe?
Uber subject of U.S. probe into whether it paid bribes oversees.
Why reviving stalled projects in Dubai is a win-win for investors
Takeover of cancelled projects can now be navigated with clarity