06/29/2015
"Best of the Best" Islamic finance law practitioner announced
The winning list includes 37 legal practitioners in 5 winning countries which are the United Kingdom, Kuwait, U.A.E., Malaysia and Hong-Kong.
06/28/2015
HSBC Bank Oman has agreed to sell its banking business in Pakistan to Meezan Bank , a sharia-compliant Pakistani lender, it said on Sunday.
06/26/2015
The deal eases a crisis over 1MDB that had weighed on Malaysia’s currency and credit rating.
06/25/2015
Clifford Chance advises Saudi Ground Services on its IPO and listing on the Saudi Stock Exchange
The IPO was undertaken through the sale of 30 per cent of the share capital of SGS to potential investors
06/24/2015
Dubai watchdog to probe misconduct by Dutch bank employee
ABN Amro said it had suffered no losses and had notified financial supervisors in Dubai
06/23/2015
This means Europe now has reciprocal visa arrangements with the UAE
06/23/2015
The Islamic Financial Services Board issues the Exposure Draft of its Joint Paper with the International Association of Insurance Supervisors
06/23/2015
EY makes acquisition to boost governance, risk and compliance consulting services
The acquisition, expected to complete in August will help cement EY's position as an industry leader in SAP GRC services by further enhancing its end-to-end offering -- from strategy to technology implementation.
06/22/2015
The company is seeking to agree a $2.69bn debt restructuring plan with investors
06/22/2015
The government has lifted the restriction on foreign ownership of Etisalat shares, opening up the country’s biggest publicly traded company to overseas investors for the first time.
06/21/2015
Third DIFC Courts Lecture of 2015 attended by over 100 UAE lawyers
06/21/2015
The procedures taken by the central bank regarding the exchange rate increased dollar supply at banks
06/18/2015
Herbert Smith Freehills is poised to become the latest Global 100 firm to consolidate its operations in the Middle East, announcing plans to shutter its Abu Dhabi office.
06/18/2015
HFW's Middle East finance team, led by Partner Ian Chung, has advised Stanford Marine Group on a AED1.2 billion (US$326.7 million) sharia-compliant loan for the purposes of consolidating existing deb
06/18/2015
Dentons advised Bank Sohar as agent bank on a US$77.5 million syndicated facility to Dalma Energy International
06/17/2015
This accusation prompted the bank’s management to sell all its assets to SGBL.
06/16/2015
HSBC Holdings has received a qualified foreign investor license in Saudi Arabia and traded shares on the bourse on Monday, the first day that direct foreign investment was allowed, the bank told Reuters.
06/16/2015
The Saudi Arabian Monetary Agency, the Kingdom’s central bank, has warned commercial banks to improve their systems and customers to be wary, after a gang was found stealing money from ATMs in Riyadh using sophisticated card readers and cameras.
06/16/2015
The long anticipated UAE Federal Commercial Companies Law no. 2 of 2015 (the “New Companies Law”) was issued on 25 March 2015 and will be in force by 1 July 2015
06/15/2015
This is the first phase in a series of activities as ADGM looks to ramp up its efforts in preparation for launch in the second half of this year.