08/06/2015
The DFSA Signs MoU with Australia's Prudential Supervisor
Mr Ian Johnston, Chief Executive of the DFSA said: "I am very pleased to sign this MoU with APRA and to meet Mr Byres again.
Legal, Tax, Regulation & Compliance
08/05/2015
Conyers advises Integrated Alternative Finance on its AED 700 million structured equity and mezzanine debt financing to develop the Taj Dubai
Debt financing was provided by five regional lenders, while equity funding was provided by the Taj Dubai’s owner through Downtown Investments Limited.
08/05/2015
Zu'bi & Partners rewards achievements
Bahrain's oldest established and leading law firm Zu'bi & Partners Attorneys & Legal Consultants promoted Naveen Thakur to Partner this month, as part of the firm's strategic growth programme.
08/05/2015
Kuwait's Al Ahli gets Egyptian c.bank nod to buy Piraeus Bank Egypt
It will pay $150 million cash for a 98.5 percent stake in the business, helping Kuwait's seventh-largest bank by assets expand and giving Greece's Piraeus a much-needed liquidity boost.
08/04/2015
Securities and Commodities Authority, ADGM regulator sign MOU
The UAE’s Securities and Commodities Authority and the Financial Services Regulatory Authority of Abu Dhabi Global Market have signed a Memorandum of Understanding to exchange information and enhance mutual cooperation on areas including market sup
07/30/2015
Minister of State for Financial Affairs of UAE meets the Director General and Chairman of the AMF
HE Dr. Abdulrahman Bin Abdullah Al Hamadi also reviewed the latest work developments of the Arab Committee on Payment & Settlement Systems
07/30/2015
Turkey Central Bank to Consider Shift to Single-Rate Policy
Turkey’s central bank is weighing a move to a simplified single-rate policy to boost confidence and attract more investment to the Middle East’s largest economy.
07/29/2015
Dubai realtor S&K says worsening market led to bankruptcy
The company said its reputation had suffered from client complaints and a recruitment drive did not yield results quickly enough to save the business.
07/29/2015
Dubai regulator fines Arqaam over money laundering rules
The investigation followed a periodic risk assessment by authorities that identified deficiencies in Arqaam's systems and controls to prevent money laundering
07/27/2015
Qatar checks real estate brokering
The Qatari government approved a draft law that specifies requirements to practice real estate brokering in the country. Previously outside of any specific law until now, the new law will set obligations and disciplinary accountabilities of the real estat
07/26/2015
ADX issues new law on trading, clearing and depositary system
The law will determine the best practices in the financial markets
07/24/2015
UAE residents urged to face the music and find a debt solution
No one knows how many left their debt behind, but it is well documented that some fled because they had loans and credit cards they could not afford to pay back.
07/23/2015
Government of Jordan, ITFC sign $3 billion funding agreement
Jordan’s state news agency Petra reports that the Government has given the go-ahead for the signing of a $3-billion soft loan framework agreement with Islamic Development Bank
07/22/2015
European court rules against another Turkish bank seizure
The European Court of Human Rights states that Turkish state’s seizure of Demirbank in 2001 was unfair, in a repeat of a similar ruling concerning Kentbank.
07/21/2015
SFO Offers Barclays Deal Amid Qatar Probe
The SFO gained powers to strike DPAs in February last year
07/16/2015
JS Bank Limited receives a License from the Central Bank of Bahrain
The license allows the bank to expand its activities as wholesale bank from Kingdom of Bahrain.
07/16/2015
UK Foreign Office says loses $1.3m in Dubai scam
The UK’s foreign office was conned out of $1.3 million (£870,572) after officials fell victim to a major fraud in Dubai.
07/15/2015
Everys Solicitors expand into Middle East with Iranian law firm acquisition
The firm will now open a branch office in Tehran headed up by first ranking Iranian qualified lawyer Saeid Salari.
07/14/2015
Central Bank issues Financial Stability Report – CBK also issues annual report for FY 2014-2015
The Central Bank of Kuwait has issued the Financial Stability Report for 2014 - Governor Dr Mohammad Al-Hashel announced yesterday.
07/14/2015
Abu Dhabi Global Market Consults Open Market on Additional Financial Services Regulations and Rules
ADGM on Track for First Financial Services Licence Applications by Q4 2015