05/15/2017
Charles Russell Speechlys highly commended at the Middle East Legal Awards 2017
We are delighted to be ranked by Legal Week for this prestigious accolade which is new to The Middle East Legal Awards this year.
Legal, Tax, Regulation & Compliance
05/14/2017
Dubai International Financial Centre hosts ‘Lebanese Banks Day’ with Banque Du Liban
It was emphasised that closer collaboration will help develop the industry further in the region and further afield.
05/11/2017
FBME Bank's Tanzania License Terminated After Money Laundering Investigation
Legal Floris LLC represents clients affected by FBME Bank problems; FBME Bank was barred from U.S. financial system in April 2017, paving the way for business license revocation
05/10/2017
New Deloitte report on banking regulations in UAE
The findings of the Deloitte Regulatory Barometer report reveal the need for regulators to play their role, by ensuring clear regulations and striking a balance between market safety, while also enabling businesses to perform and grow.
05/10/2017
Forex firm shut down for fraud reopens in same building
MMA Forex which duped hundreds out of millions of dirhams seeks investments all over again as CEO returns after more than 3 years in jail
05/10/2017
Bahrain to launch national e-wallet by June
Customers will also be able to transfer funds using the wallet for Fawri, FawriPlus, online bill payment and other types of payment services that will be available in future.
05/09/2017
Qatar Financial Centre concludes Asia Roadshow 2017
Relations between Singapore/Hong Kong and Qatar have continued to strengthen over the years.
05/08/2017
Standard Chartered Inks Zurich Deal
We are pleased to partner with Zurich to introduce best-in-class insurance solutions for our clients across the network in the Middle East.
05/08/2017
UAE offshore companies: can they really compete?
A major advantage is the banking account opening.
05/08/2017
Egypt parliament passes investment law
Lawmaker Medhat al-Sherif, a member of the parliamentary commission on economic affairs, said the new legislation provides for tax exemptions of up to 50 percent
05/07/2017
Dentons advises Damac on tender offer, sukuk
The new sukuk was issued via a Cayman Islands special purpose vehicle, Alpha Star Holding III Limited.
05/07/2017
CBK to implement Sharia governance by year's end
He noted that it was organized in collaboration with the Accounting and Auditing Organization for Islamic Financial Institutions.
05/07/2017
Financial sector, diversification to drive GCC growth
Sustained, broad-based growth requires a healthy financial system.
05/04/2017
'PIMPED OUT BY BOSS' Married banker, 36, ‘pimped out’ to wealthy Arab client in bid to land £25m account and ‘threatened with the sack if she didn’t go for dinner date’
The woman claimed the client bombarded her with love songs and inappropriate text messages
05/04/2017
Turkey Plans to Let Banks Securitize Loans to Spur Growth
The planned legislation would contain nothing to prevent Turkey’s sovereign wealth fund from buying the new securities, while overseas demand is already evident, said Canikli. Ziraat Bank’s loan for a third bridge over the Bosphorus in Istanbu
05/04/2017
No more bank mergers in pipeline – Saudi central bank chief
Alawwal Bank and Saudi British Bank agreed last week to start talks on a possible merger
05/03/2017
GCC desire for innovation together with robust financial regulation on the agenda for Jersey Finance event
The event has seen the launch of a joint Jersey Finance and Hubbis white paper on "Driving forces behind HNW investors" examining trends and developments in the GCC.
05/02/2017
Qatar plans new public private partnership law this year, private sector set to gain
Asked when the new law will be enacted, he said it has to go through certain procedures but is expected within this year.
05/01/2017
Saudi Arabia bans financial services to North Korea
The ban includes remitting money or carrying out any kind of financial transactions to the country itself or through its territories.
05/01/2017
First Abu Dhabi Bank Mulls Expanding to Saudi, CEO Tells Khaleej
International and regional banks are seeking to expand in Saudi Arabia as the kingdom prepares to sell hundreds of state assets to help restructure its economy hurt by oil’s decline.