10/31/2016
Redefinition of Movable Pledge Seeks to Boost Collateralization for Commodity Financing
Businesses seeking financing can now utilize their movable assets more effectively as a source of collateral for their loans
Legal, Tax, Regulation & Compliance
10/28/2016
Saudis take new steps to ease bank liquidity crunch
A Saudi commercial banker familiar with the market confirmed the report.
10/28/2016
UAE bank deposits up by Dh30b
Central Bank: Gross bank assets up 1.3% in September
10/27/2016
UAE Central Bank announces M2 increases to $327 billion in Sept
The decrease in M1 was mainly due to decrease of AED0.9 billion in Monetary Deposits.
10/27/2016
ADIA eyes Asia, China opportunities with new Hong Kong office
New office will look to identify new opportunities region for Abu Dhabi Investment Authority said Sheikh Hamed,
10/26/2016
Kuwait's Gulf Bank seeking regulatory approval for CEO appointment
Daher has been deputy chief executive since August 2013
10/26/2016
Dubai bankruptcy law offers protection to western bosses
The government in Dubai and the federal authorities of the UAE have come under pressure to reform the law
10/26/2016
Saudi central bank asks banks to reschedule property loans
At the end of last month, Saudi Arabia’s central bank asked local banks to reschedule consumer loans to help cash-strapped borrowers
10/25/2016
Negotiations on for Bank Alkhair's acquisition: GFH
GFH had signed an agreement in August to acquire Bank Alkhair
10/25/2016
Clinton Foundation Move Of $1.8 Billion To Qatar Is A Fake Story From Conspiracy Site
Sorcha Faal is a notorious poster of false information. However, that did not stop people on social media sharing the story
10/24/2016
French bank sued over Gulf tycoon’s signature
A pair of aggressive American hedge funds is suing the French bank BNP Paribas
10/24/2016
We're Doomed To Bankruptcy Unless Changes Made, Says Saudi Official
In order to reign in expenses, the government has done what was once thought unthinkable cutting costs and expenditures.
10/24/2016
Al Tamimi & Company takes home awards from International Financial Law Review
Al Tamimi & Company was also recognized by IFLR as the National Law Firm of the Year.
10/24/2016
Rasmala Investment Bank Limited Resolves Compliance Concerns with the DFSA
The DFSA acknowledges that RIBL co-operated fully with the DFSA’s inquiries, and has already carried out significant remedial work.
10/20/2016
Etisalat Digital and Accenture Sign MOU to Lead Digital Transformation in the Region
The scope of the agreement will see Etisalat and Accenture create new Digital Channels and new Digital Products/Services
10/20/2016
ADGM announces 160 companies registered in financial centre
Abu Dhabi Global Market, the international financial centre in Abu Dhabi, has announced that it is pleased to have registered and licenced close to 160 companies from a broad range of industries and sectors in its first year of operations.
10/19/2016
Bank Leumi to Pay $1.6 Million for Illegal US Cross-Border Business
Bank Leumi provided investment advice and securities transactions without being registered.
10/19/2016
Saudi Arabia draws $67 billion demand for first international bond
Saudi Arabia is expected to raise up to $17.5 billion through its bond offer
10/18/2016
Kuwaiti lender NBK upbeat on rising demand for credit
NBK sees higher demand for bank credit
10/18/2016
Central Bank approves expansion of financial activities of banks and financial institutions
The meeting also reviewed a report presented by the Banking Supervision Department on exchange houses operating in the UAE.