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New UAE visa laws allow visitors to extend stays by 60 days

By: Pedro Goncalves | 18 Oct 2018

The recent reforms to the UAE visa system will now grant people on visit or tourist visas a 30-day visa extension twice, for a total of 60…

British citizens to get 5-year Saudi visas

By: Pedro Goncalves | 17 Oct 2018

British citizens travelling to Saudi Arabia will soon be eligible for multiple-entry visit visas valid for up to five years, says a statement from Fragomen, a global…

Dubai investment firm launches $100m fintech fund

By: Pedro Goncalves | 16 Oct 2018

Dubai-based Alcazar Capital Limited (ACL) and Fintech Consortium’s investment arm, InQvest Partners (IQP) have partnered to launch a $100m global fintech fund. ACL is anchoring the fund…

UAE launches low-cost insurance initiative for workers

By: Christopher Copper-Ind | 15 Oct 2018

The United Arab Emirates today launched a low-cost insurance system with the aim of ensuring long-term employee protection and pump AED14bn (US$3.8bn) back into the system. As…

Bahrain’s digital currency exchange Rain eyes GCC launch next year

By: Pedro Goncalves | 11 Oct 2018

A Bahrain-based cryptocurrency exchange is set to expand in the GCC, aiming to secure a full operational licence across the region by 2019. The platform will allow…

Qatar sets aside $2bn in bid to rival Dubai financial hub

By: Pedro Goncalves | 10 Oct 2018

Qatar has allocated $2bn to attract multi-national companies to its financial centre in its latest effort to rival Dubai. Companies that set up a hub in Doha…

Kuwait to ban expats with low degree scores

By: Pedro Goncalves | 10 Oct 2018

The manpower authority is planning to ban issuing permits to expats with university degrees entering Kuwait to work in the private sector unless they have a minimum…

Bahrain set to introduce VAT in 2019

By: Pedro Goncalves | 09 Oct 2018

Bahrain’s parliament has approved the introduction of a 5% value-added tax (VAT) in the kingdom from January 1 2019, as it looks to curb its debt after…

Jersey-based Fairway Group launches operations in Bahrain

By: Pedro Goncalves | 09 Oct 2018

Jersey-based Fairway Group is starting operations in Bahrain in what is the firm’s first overseas expansion move. The move into Bahrain follows Fairway Group’s successful partnerships in…

Nexus launches online offering for instant life cover in the UAE

By: Christopher Copper-Ind | 09 Oct 2018

Nexus, the largest financial adviser in the GCC region, has teamed up with Zurich International Life to offer instant life insurance online with no medical check needed.…

Dubai tightens anti-money laundering rules for DIFC

By: Pedro Goncalves | 04 Oct 2018

The Dubai government is implementing changes to the Dubai International Financial Centre’s anti-money laundering laws in order to enhance the free zone’s ability to fight financial crime.…

Bahrain has best Schengen visa approval rate in GCC

By: Pedro Goncalves | 02 Oct 2018

Visa applicants from Bahrain had the easiest time gaining entry into the 26-country Schengen zone, according to figures from applicant rejection rates in 2017. Out of 22,804…

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