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.
Legal, Tax, Regulation & Compliance
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.
07/20/2016
Abu Dhabi Global Market and China Securities Regulatory Commission Sign Agreement On Market And Regulatory Collaboration
The MOU provides a framework to provide assistance, exchange regulatory information and cooperate in the supervision of financial institutions with respective securities and derivatives markets laws and regulations to uphold high standards.
07/20/2016
Dubai entity ties up with luxury brand to combat fraud
Department of Economic Development signs MoU with Louis Vuitton
07/19/2016
Egypt, Philippines to establish business council by end of 2016 - Daily News Egypt
Egypt can be the Philippines’ gateway to Africa
07/19/2016
Dubai Bank faces money laundering charges
The magistrate directed the accused earlier bond terms be extended.
07/19/2016
GCC Debt Markets See Volatility In Yields In 2Q16
National Bank of Kuwait said in its report on Monday that investor confidence in the region remains fragile as concerns over fiscal sustainability and tightening domestic liquidity remain.
07/18/2016
'MoI' issues new regulations concerning domestic workers
It stipulates the issuance or renewal of license for companies that recruit domestic workers from outside the country requires guarantee of KD 100,000 from a local bank and in the event of opening branches
07/18/2016
Indian expats in Oman to gain from new government rules back home
Indians in Oman welcomed the DGCA’s decision to revise the rules that cap ticket cancellation charges and bars airlines from levying an additional amount for the refund process.
07/18/2016
Barwa Bank names winner of QR1mn Thara’a grand prize
Congratulations to Radoo for winning the grand prize, who we wish the best of luck in his endeavours.
07/13/2016
Turkish banks to provide accessible services to people with disabilities
Banks must bring their existing services and activities into compliance with the regulation by January 1, 2018; new services offered after January 1, 2017 must comply with this regulation.
07/13/2016
Whistlebrook to provide Qatar Islamic Bank UK with regulatory reporting software
Whistlebrook provides back office software solutions to the financial services industry.
07/13/2016
Turkish Capital Markets Board decreases fees for equity and debt issuances
This measure is an effort to incentivize savings, increase the depth of Turkish capital markets, decrease the cost of financing for Turkish issuers, and create a competitive advantage for Istanbul as an up-and-coming financial center.