Priorities of India’s G20 Presidency India gathered the G20 leaders' Summit for the first time in 2023, as 43 Heads of Delegations the biggest ever in the G20 participated in the last New Delhi summit in September. As a nation focused on democracy and multilateralism, India's presidency has been a…
Read moreIncome Tax Amendment in Qatar The purpose behind the amendments is to adjust the Income Tax Law with worldwide standards and best practices. It is expected that amendments to the Executive Regulations (ER) will be published soon, which will incorporate further insights about the new amendments to the Income Tax…
Read moreUAE’s New Digital Assets Law In the rapidly evolving world of finance and technology, digital assets have emerged as a transformative force, reshaping the way we perceive and interact with value. From cryptocurrencies to non-fungible tokens (NFTs), the realm of digital assets is expansive and diverse, bringing forth a myriad…
Read moreLegal Issues Concerning a FATF Mutual Evaluation Report Introduction The Financial Action Task Force, also known as the Groupe d'action financière in French, is an intergovernmental organization created in 1989 on the initiative of the G7 to establish Anti-Money Laundering Measures. Its mandate was broadened in 2001 to encompass terrorism financing. The…
Read moreBuy Now, Pay Later (BNPL) offerings in the UAE and Legalities Surrounding them In these times of economic instability, and as the coronavirus continues to wreak havoc worldwide, buy-now-pay-later (BNPL) solutions are eclipsing credit cards more conveniently and transparently to fund transactions. E-commerce has developed over the last two years,…
Read moreCrypto Asset Regulation in the UAE - A Guide The sphere of crypto assets is continuously evolving in all spheres in the global area. The terminology is simultaneously advancing with terms such as crypto assets, cryptocurrencies, security tokens, etc. The regulation of these crypto-assets is a matter of frequent discussion…
Read moreA Closer look at Bankruptcy law in China post - 2022 The Bankruptcy Law in China consists of 136 articles apply to any or all types of insolvent enterprises. That is whether it is state-owned, privately owned, or by the foreign investment enterprises and other financial institutions. China enacted the…
Read moreEconomic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
Read moreBounced Cheques no longer a Criminal Offense Post 2 January 2022 “The moment I write out a cheque, it’s an asset I have written off” – Shiv Nadar. The UAE being a business hub with a growing economy, cheques are one of the common forms of payments and a technique…
Read moreBounced Cheques and Implications Under UAE Law The dishonouring of checks has become a contentious and divisive issue in the UAE's legal landscape, owing to the serious consequences it now entails. In the UAE, Post Dated Cheques (PDC) are the most prevalent mode of payment, whether in a business-to-business or…
Read moreSCA: Abu Dhabi Stock Exchange- Rules, Regulations, and Procedures Introduction The Abu Dhabi Securities Exchange (ADX) as of now, lists 73 companies. The listed companies include those from the banking, insurance, services, industry & hotels sectors. They include First Abu Dhabi Bank and Etisalat. The following article will cover the…
Read moreGetting to Grips with Exchange Traded Funds An exchange-traded fund (ETF) is a class of securities that follows an index, market, commodity, or other asset which can be bought and sold on a stock exchange like any other stock. An ETF may be set up to watch anything from a…
Read moreRail Infrasructure Projects in the GCC Rail Projects are always an ambitious and expensive affair every country hopes for, not to mention the long time periods required to complete and establish such projects as operational. While providing extensive environmental benefits, reducing the pollution created by cars and other heavy operational…
Read moreFAQs - Project Finance in Israel Introduction In Israel, project finance is a well-established financing method that has been commonly used in the last 15-20 years. It is used for debt financing in a variety of industries, particularly in public-private partnership projects. Project financing is used in a number of…
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