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Legal, Tax, Regulation & Compliance

03/15/2016

ASAR - Al Ruwayeh & Partners Acted as Legal Counsel to the Lead Managers of Burgan Bank's KD 100 Million Perpetual Tier 2 Basel III Compliant Issuance Bonds

The bond issuance was comprised of both a fixed and floating rate tranche with the fixed rate coupon at 6% and the floating rate coupon at 6.20%.

03/14/2016

Successful appeal opens door for UAE-wide enforcement of foreign court judgements

The DIFC Courts are already an established conduit jurisdiction for the recognition and enforcement of arbitral awards, both foreign and domestic, so this decision means that they can treat foreign court orders in the same way for recognition and enforcem

03/14/2016

Macquarie Capital receives 'in principle approval' for ADGM license

Abu Dhabi geared to become a global financial centre in line with Vision 2030

03/14/2016

Clifford Chance advises on over US$1 billion refinancing for 1,730MW PP11 gas-fired independent power project in Saudi Arabia

The refinancing facilities were provided on a combined conventional and Islamic basis, with the two classes of financiers sharing the transaction security package.

03/13/2016

Central Bank of Egypt announces Strategic Partnership with SME Banking & Finance Egypt 2016

To boost the SME finance market, the CBE has announced a $25 billion stimulus package to fund over 3,50,000 SMEs in the next four years.

03/10/2016

Turkey expected to tighten corporate bond regulations in response to defaults

The CMB has yet to take action in connection with the second default in the market but Borsa Istanbul has already delisted the issuer's debt securities.

03/09/2016

QCB Governor Says Qatar Banks Record Good Growth in 2015

Most of Qatar's general revenues accrue from oil and gas exports which are priced in US dollars in international markets.

03/09/2016

Swiss Private Bank Loses Appeal and Pays the Sum of $35 Million

Justice has been served in a systematic and procedural manner by the justices of the DIFC Courts

03/08/2016

U.K. Judge Adjourns Tug-of-War Case over Libyan Sovereign Wealth Fund

Decision might be ‘premature’ if solution can be reached in Libya

03/08/2016

Iran, Singapore Willing to Boost Economic Ties

For his part, Balakrishnan hailed a recent agreement signed between Iran and Singapore on joint investment

03/07/2016

Iranian billionaire Babak Zanjani sentenced to death for embezzlement

Businessman who helped Iran evade oil sanctions and two accomplices convicted of ‘spreading corruption on earth’

03/07/2016

UAE Central Bank to put in circulation revised Dh200 note today

The new tactile features will be engraved in bleed-off intaglio printing on the edge of the banknote’s short sides.

03/07/2016

UAE banks to face challenges in implementing Basel III reforms

Bankers gear up to be in full compliance by 31 March 2019 deadline

03/07/2016

Integration of Arab Banking Practices among concerns at Annual Arab Banking Conference

Despite apparent benefits, financial inclusion faces continued setbacks, says Fattouh

03/06/2016

Lunch with Dubai top lawyer Essam al-Tamimi: the future of UAE law

The interview takes place at Roberto’s, an Italian restaurant tucked away in the grey forest of glass and granite that makes up Dubai’s upscale DIFC financial center complex.

03/03/2016

Dentons advises on IFN Syndicated Deal of the Year

The annual IFN Deals of the Year Awards, held in Dubai this week

03/02/2016

RINA Services expands in Middle East luxury mega yachts

Two luxury yachts recently received the final stamp to join the fleet classified by RINA

03/01/2016

Qatar Wins Best Takaful Company Award

Its award-winning products are absolutely competitive, more rewarding and flexible.

03/01/2016

Tehran, Seoul Ink Deal to Finance Major Projects in Iran

The Iranian minister further said the country is fully prepared to welcome Seoul’s investment in Iran’s auto industry as well as its tourism sector and its oil and gas projects.

02/29/2016

June deadline for listed companies to amend bylaws, says Abu Dhabi official

Under the terms of the new law, which came into effect last July, listed companies across the UAE were required to update their articles of association within 12 months.

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