07/29/2016
Egypt expects to get at least $2b within 2 months of agreeing IMF loan
The country is also planning to issue $2 billion to $3 billion in international bonds in September or October
Legal, Tax, Regulation & Compliance
07/29/2016
Turkey's investment grade hangs in balance as post-coup purges deepen
The head of research at brokerage AK Investment had his license revoked on Tuesday over a report to investors analyzing the coup plot
07/29/2016
Saudi central bank's foreign assets drop $11bn
They reached a record high of $737 billion in August 2014 before starting to drop.
07/29/2016
Ex-Barclays Executives Said to Face Round Two With SFO on Qatar
The interview requests come after Barclays handed over about 100,000 internal documents to the SFO from the Qatar deal earlier this year
07/28/2016
Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial
The LIA argues the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.
07/28/2016
Kuwait's Sheikh Ahmad acquitted on sports ban-related charges
Kuwait’s highest court on Monday upheld an earlier ruling by the court of appeal clearing Sheikh Ahmad Fahad Al Sabah of the charges.
07/27/2016
Companies in UAE delaying pay for 30 days to be referred to court
New ministerial decree aims to have companies with more than 100 workers pay workers on time
07/27/2016
Dubai Watchdog Shuts Down Suspected Ponzi Scheme Exential Group
After numerous complaints from investors, Dubai's authority closed a ‘double your cash’ scam.
07/26/2016
Saudi Group Signs Deal Aiming to End Biggest Mideast Default
The companies have been locked in legal disputes ever since.
07/26/2016
Bank Asya’s licenses cancelled
The Banking Regulatory and Supervisory Authority cancelled Bank Asya’s banking license and the Capital Markets Board ceased its capital markets operations.
07/26/2016
With freedom no longer the issue, what’s the biggest threat to Sisi?
Five and a half years later, the significant deterioration in all three areas of grievance has led Egyptians to accept trading freedom and social justice for bread.
07/26/2016
Is 1MDB Malaysia’s defining moment?
His persistent silence is now interpreted as his admission to allegedly being a cheat and a thief who has allegedly stolen billions of ringgit from his people.
07/26/2016
Mideast cross-border deal-making ‘steady’ despite global decline
The drop can be attributed, at least in part, to fewer megadeals – those above $5 billion in value – in the first half of the year.
07/25/2016
Abu Dhabi Securities Exchange and Abu Dhabi Global Market Sign MOU on Bilateral Cooperation
This collaboration allows both teams to work closely in establishing the objective of an exchange in ADGM.
07/25/2016
Saudi Arabian family conglomerate agrees to $6 Billion Debt Plan With Creditors
Deal will help resolve one of the Middle East’s longest-running financial disputes
07/22/2016
Clifford Chance advises on US$100 million National Bank of Oman tap issuance
The Clifford Chance team was led by partner Stuart Ure, with the support of senior associate Rafe Khokhar and associates Brian O'Leary and Moussa Louizi.
07/22/2016
The rise and fall of UAE tycoon named in billion-dollar US suits
He was bold, brazen, aggressive and to an extent an achiever, but he was also flashy and flamboyant, which was at variance with the top brass of Abu Dhabi.
07/21/2016
Financial regulators shut down currency scheme in Dubai
Many ploughed their life savings into the fund and took out personal bank loans to invest more.
07/21/2016
World economic downturn spares Middle East and North Africa for now
Worrying uncertainty and structural weakness inform depression in world economic growth, commodity prices buoy MENA, says IMF
07/21/2016
New Abu Dhabi Real Estate Laws Laying the Legal Foundations for Institutional Investment
The Emirate of Abu Dhabi has of course played a leading role in this, through funds such as those managed by the Abu Dhabi Investment Authority which have made major investments in landmark real estate assets in the US, UK and other global markets.