04/06/2015
Saudi firms tighten controls in wake of Mobily scandal
Regulators taking harder line before bourse opening
Legal, Tax, Regulation & Compliance
04/06/2015
The DFSA Strengthens Ties With Indonesian Regulator
This signing followed a meeting a few days earlier in Bangkok between Mr Johnston and Khun Tipsuda Thavaramara, Deputy Secretary General of the Securities and Exchange Commission, Thailand.
04/06/2015
Nine Saudi expats held in $20m money laundering scam
Nine Asian expats have been arrested in Saudi Arabia for transferring SR77m ($20.5m) to foreign bank accounts in what is alleged to be a money-laundering scheme
04/06/2015
BAB urged to play bigger role
The meeting was led by BAB chairman and National Bank of Bahrain chief executive Abdul Razak Al Qassim
04/06/2015
Al Tamimi & Company opens its second Saudi office in Jeddah
The firm now has 16 offices located in 9 countries across the region.
04/06/2015
Interview: "We are not being punitive"
The governor of the Central Bank of Bahrain says new rules on pay are fair, admits he is worried about Bitcoin, and promises more bank mergers in the coming year. George Mitton reports.
04/02/2015
RBS sells $817m of UAE company loans to Dubai bank
But it is the first time a sale of RBS’s corporate assets in the region has been announced.
04/02/2015
Gulf banks join regulatory capital party
NBK has a Core Tier 1 ratio of 13.3% under Basel III, while the average Tier 1 ratio for GCC peers ex-UAE stood at 15.7% as at December 31.
04/01/2015
International offshore law firm boosts Dubai Office
He joins from the Dubai office of Latham & Watkins
04/01/2015
National Bank of Abu Dhabi dropped from Egypt mandate
National Bank of Abu Dhabi has been left off the mandate to lead Egypt’s return to the capital markets, GlobalCapital understands.
03/31/2015
Global law firm Advises TVM Capital Healthcare Partners on the First DIFC QIF
Global law firm has announced that it has advised TVM Capital Healthcare Partners in connection with their second private equity fund
03/31/2015
Islamic bond trial over $650m launches in London
A $650m legal dispute has been launched in London’s High Court that will offer a rare glimpse into the Islamic bond market, as well as banking and business practices in the Middle East.
03/30/2015
Trowers loses management duo in Dubai
Mutawi will join the firm as a partner in the corporate group, while Pitts will add to the firm's international disputes offering
03/29/2015
Rising costs facing Mideast firms in fight against financial crime
In a region where the risk of money laundering and terrorism looms larger than in some other parts of the world, many businesses are under pressure to tighten anti-financial crime and compliance rules.
03/29/2015
Kuwait & China Ink Deal For Banking Control Cooperation
CBK, CBRC Aim To Boost Ties In Exchange For Regulatory Information
03/26/2015
Regulation of credit rating agencies in KSA
Anum Saleem, Senior Associate at Eversheds, Riyadh spoke to Zoya Malik about the benefits of proposed regulations on KSA credit agencies to operate in the market and the impact on lending for BFIs
03/25/2015
Court orders deportation of expatriates
Businessman, 2 expats get 2 years jail for their role in $1.2mn fraud case
03/23/2015
Sharia board to be set up for Islamic finance sector
All Islamic banks already have a Sharia board but their scope is limited to vetting their own products.
03/22/2015
Shariah authority on cards
UAE Central Bank plans to set up unified board of supervision to boost Islamic finance
03/21/2015
DFSA probing ABN Amro for supposedly failing guidelines
A Dubai-based client of ABN Amro, who did not want to be named, told The National at least one banker was put on enforced leave in early January.