03/08/2017
Sukuk issuance to spur Oman’s Islamic capital market
The Islamic banking window of Bank Muscat, last week received the initial approval from the CMA to launch the first RO100mn sukuk programme.
Legal, Tax, Regulation & Compliance
03/08/2017
Jordan's foreign reserves up to around $13bln in 2016
The report also indicated that the accumulative credit facilities extended by licensed banks in the Kingdom increased by 8.5 per cent
03/07/2017
Legal Middle East banking and finance team wins seven awards
These awards represent well-deserved recognition of the innovative, diverse and exciting deals we have advised on across the region
03/07/2017
UAE central bank issues new rules related to Basel III
In introducing these capital adequacy regulations, the central bank intends to ensure that banks' capital adequacy is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III.
03/07/2017
Canada seeks to step up UAE investment talks
The UAE is a very attractive hub for Canadian companies, for small and medium-sized businesses to use obviously to export to the whole region
03/06/2017
UAE Central Bank issues capital adequacy regulations in line with Basel III
It seeks to promote the effective and efficient development and functioning of the banking system.
03/05/2017
Legislator tracks ‘suspect’ deposits
He cited as an example the proposal to amend the Anti-Money Laundering Law to include stipulations on financial disclosure and ill-gotten wealth.
03/03/2017
Qatar tells banks to obey new FX limits by April 1
The central bank said the rule would limit the risks of foreign currency open positions
03/03/2017
The Dubai Judicial Tribunal – the beginning of the end for the DIFC as a conduit’ jurisdiction?
The Judicial Tribunal is made up of three judges each appointed from the Dubai Courts and the DIFC Courts.
03/03/2017
Saudi insurance firms are ready for consolidation
We think 2017 may be defined by mergers and acquisitions, as the sector finally starts to consolidate.
03/03/2017
Dubai SME and RAKBANK sign MoU to facilitate SME financing
The signing reaffirms the Bank’s commitment to offer SMEs simple and convenient banking solutions that better suit their needs.
03/02/2017
27 Britons and five others in Dubai ‘laundered more than Dh20m’
They then charged clients extra amounts for value-added tax, or VAT, when they were pocketing the money because the stocks remained within the network.
03/02/2017
Conyers’ double-win at Islamic Finance News Awards
This underscores the strength of our Islamic finance and debt capital markets capabilities in the MENA region”.
03/01/2017
Bahrain Bourse receives approval to establish Bahrain Clear
The second board meeting of the year approved the Listing Rules in order to enhance the role of Bahrain Bourse as a Self-Regulatory organisation and issued a resolution to establish Bahrain Clear Company.
03/01/2017
Why UAE's new bankruptcy law is a boon for business
Businessmen will no more have to face arrest or legal prosecution for unpaid debts, nor do they have to flee the country.
02/28/2017
Azerbaijan presents its future projects to Qatar Investment Authority
This export mission visited supermarket chain Carrefour.
02/28/2017
Oman eyes large bond sale, could exceed $2bn
Investors say sultanate also plans to issue dollar sukuk over next few months
02/27/2017
Abu Dhabi Attorney-General orders arrest of suspects in connection with bogus investment portfolio
The Finance Public Prosecution launched their investigation on 23rd February following the arrests.
02/27/2017
Legal and regulatory framework for Islamic banking needs tightening
Gaps in prudential and accounting standards could pose systemic risks
02/27/2017
Kuveyt Turk gets nod for 2 bln lira sukuk, closes Dubai unit
No timeframe or tenor were given for a potential deal from the latest sukuk programme.