The much anticipated FinTech Abu Dhabi summit, which took place on the 22nd and 23rd October, has announced news that ensures Abu Dhabi is set to become the place to be for FinTech investors, entrepreneurs, and financial institutions. The announcement, by CEO of the Abu Dhabi Global Market (ADGM) Richard Teng, revealed two key initiatives […]

Source: Euromoney.com Middle Eastern governments and companies rose to the financing challenge set by falling oil prices in 2016, rethinking their operations, cutting costs and turning to the international bond markets in committed fashion to plug funding gaps. Issuers in the Gulf Cooperation Council countries raised $66bn last year, and this year’s first quarter total […]

Source: Zawya Saudi Arabia – Article 29 of the unified GCC Value-added Tax law (VAT) provides that the GCC countries have the option to exempt or tax by zero percent some sectors, such as education sector, health sector, real estate sector, transport sector, and oil and petroleum sector, I am not in the process of […]