03/28/2019
Mourant advises on energy takeover
This transaction is one of a long line of schemes of arrangement on which the Mourant team has recently advised.
Legal, Tax, Regulation & Compliance
03/28/2019
Hedge fund is said to spurn Saudi money after Khashoggi murder
Guillaume Fonkenell, 54, who founded Pharo, told some investors in January that the decision was made to uphold its principles due to concerns about Khashoggi’s death
03/27/2019
Decommissioning assets in the Middle East: the regulatory landscape.
With a significant number and concentration of older oil and gas facilities, decommissioning is becoming a hot topic in the Middle East.
03/27/2019
Andersen Global Enters Qatar
"Hamzeh and his team have an impressive record of experience providing specialized services to international firms for the last 20 years," said Mark Vorsatz, Andersen Global Chairman and Andersen Tax LLC CEO.
03/27/2019
Impact of new reporting standards on Gulf banks has been 'manageable', says S&P
Under International Financial Reporting Standards 9, banks disclose the breakdown of their portfolio by different stages defined in the standards
03/26/2019
Bahrain tries to limit expat contracts as Dubai keeps doors open
The committee is now due to meet with the Civil Service Bureau next month for final discussions before tabling the amendments to parliament for a vote.
03/25/2019
GBM and Banfico partner to support Bahrain's efforts for a more digitalized financial sector
The two leading companies can now support banks required to comply with Open Banking standards set by the Central Bank of Bahrain
03/25/2019
Central Bank of Kuwait issues circular to all local banks asking for data on SMEs
The database provided will include the total facilities, including activity and loan distribution.
03/25/2019
Lawyer ordered to pay fine
The court ordered the defendant to pay the woman BD346 and interest at a rate of 6 per cent per annum, as well as late payments for 6 months.
03/25/2019
First time buyers in Dubai attracted by prices and new visa regulations: Bayut.com
Lower prices mixed with new laws regarding visas and retirement options are pushing Dubai residents to take the plunge as first time buyers in the property market.
03/25/2019
DFSA and Standard Chartered Bank focus on curbing illicit wildlife trade
The engagement highlights how financial institutions and regulators can contribute to the well-being of humanity and the natural
03/25/2019
Challenges ahead for Turkey as economy slides into recession
Worryingly for Ankara, industrial output fell 6.4% and there are signs of more falls in the months ahead.
03/25/2019
Middle East bank chief calls for more regtech spending
However, without greater investment in regtech applications, firms would be more exposed to cyber security risks and financial crime.
03/25/2019
Turkish watchdogs to probe JP Morgan after lira plunge
The Capital Markets Board of Turkey (SPK) also said it had launched a probe after receiving complaints that a JP Morgan report was "misleading" and caused speculation on the Istanbul bourse.
03/22/2019
Ride-hailing company ‘received preliminary approval’ for licensing process before being told to shutter operations
In its statement, the company said international investors have invested more than JD2 million through Jenny into the Jordanian market, creating thousands of jobs and supporting the development of the transportation sector in Jordan.
03/22/2019
ADCB and UNB shareholders greenlight mega-merger
The new entity will also include Al Hilal Bank and have a net profit of Dh6.1b
03/22/2019
EBRD weighs up Africa development push
Its success in the MENA region could help convince sceptical shareholders to go ahead.
03/22/2019
QCB governor attends GCC meeting in Oman
It also discussed the dialogue between monetary institutions and central banks in the GCC countries and some groups and economic blocs as well as other related topics.
03/21/2019
UAE banks suspend credit, debit cards as customers don't update Emirates ID
Customers are urged to immediately update their details with the banks.
03/21/2019
Bahrain central bank cuts one-month deposit rate -statement
Bahrain’s key policy interest rate is the one-week deposit facility, which remained unchanged at 2.75 percent.