06/21/2016
Middle East focus: the Dubai International Financial Centre as a conduit jurisdiction
These proceedings take place in Arabic, are often slow and can produce inconsistent results.
Legal, Tax, Regulation & Compliance
06/20/2016
Bahrain Bourse lists 10 treasury bill issues and Ijarah Sukuk worth BHD 741 million
Bahrain Bourse announced on Thursday, 16th June 2016 the listing of 10 issues in the Treasury Bills Market worth a total of BHD 741 million, issued by the Central Bank of Bahrain with discount rates ranging between 2.03 per cent and 2.86 per cent for 3-12
06/20/2016
Deloitte banned from audit work for two years by Saudi Arabia’s market regulator
The judicial committee did not yet specify the date when the new and more extensive suspension would begin.
06/19/2016
Turkey's Banking Regulation and Supervision Agency BRSA" officially an Institutional Member of AAOIFI
AAOIFI's business trip was concluded by a visit to the Islamic Finance Center - World Bank., where the two sides discussed ways of fostering professional ties which extend over two decades.
06/19/2016
Morgan Lewis Advises NBK Capital Partners in the Establishment of NBK Capital Partners Mezzanine Fund II
Our team has been fortunate to work with them since their first mezzanine fund raised in 2009
06/19/2016
Clifford Chance advises on sale of Americana, the largest M&A deal in the Middle East in 2016
A binding agreement to implement the sale was entered into on 18 June 2016 with Adeptio AD Investments, an investment company controlled by H.E. Mohamed Alabbar.
06/17/2016
Corporate Counsel Middle East Awards International Law Firm of the Year: Clifford Chance
The judges were particularly impressed by the firm's graduate training scheme, pro bono work and corporate deals.
06/17/2016
Barclays labels US$1b lawsuit over 2008 fundraising 'misconceived'
Barclays has described as "fundamentally misconceived" a US$1.0 billion-plus lawsuit brought by British financier Amanda Staveley over the bank's emergency fundraising from Gulf investors at the height of the credit crisis in 2008.
06/17/2016
Financial centres: the gatekeepers of untapped opportunities
It is therefore pertinent for these destinations to possess certain legal infrastructures as well as other relevant features to operate as a financial hub.
06/16/2016
KFH fully adheres to CBK’s security standards on cheques
The cheques should be kept in good condition and not to be folded nor torn.
06/16/2016
Oman looks overseas to boost liquidity
Due to the limited impact that local banks have on project financing, funding for large projects is expected to come from overseas through international banks or initial public offerings.
06/14/2016
UAE Labour Law: Employers must give detailed job offers - termination terms
Global regulatory framework to boost Islamic finance transactions discussed
06/14/2016
National Bank of Fujairah highlights impact of changing legislation and market challenges facing UAE companies in inaugural Knowledge Series
They emphasised the importance of preparing against key issues most likely to affect companies in the UAE.
06/13/2016
MoF signs cooperation agreement with UAE Central Bank
The agreement aims to enhance cooperation in areas of joint work, including monetary statistics, and government financial and banking information.
06/09/2016
AAOIFI, UAE's SCA sign cooperation agreement
The cooperation also involves conducting focused studies that would contribute to the development of these markets and the finance and investment services industry.
06/09/2016
Saudi Arabia to issue real estate development fund sukuk
The minister also said the kingdom will announce the final regulations on an annual tax on undeveloped urban land in two weeks.
06/08/2016
Bahrain Institute for Banking and Finance joins Middle East Asset Management Forum
By applying the latest national developments to its educational division, BIBF stays on top of organizational strategy, portfolio management and overall project management system trends in Bahrain.
06/08/2016
Special working hours at 14 QIB branches
The bank’s branches at Dar Al Salam Mall, The Gate Mall, City Centre and Medina Centrale -The Pearl will be open from Saturday to Thursday from 10.30am to 2.30pm, and in evenings every day from 9pm to 11.30pm.
06/08/2016
CBQ’s $750m dollar bond priced lower as demand outstrips supply
The issuances was priced mid-swap at 215 bps, down from the guidance of 237 bps
06/07/2016
Saudi Arabia Said to Tell Lenders to Stop Lowballing Bank Rates
SAMA, as the regulator is known, is exerting greater control over Saudi Arabia’s banking sector as part of wider reforms in the kingdom.