12/09/2014
Bank of Sharjah plans to refinance a $200 million two-year loan maturing next year, said the lender's executive director, as the United Arab Emirates bank hopes to benefit from lower borrowing costs.
12/09/2014
The United Arab Emirates central bank is looking at proposals for new rules covering bank loans against shares
12/08/2014
Bahrain-based General Council for Islamic Banks and Financial Institutions, a global umbrella organisation for Islamic financial institutions, held an in-focus session on Basel III and Islamic banks during the 21st World Islamic Banking Conference
12/08/2014
Law firm Eversheds has won Law Firm of Year at the Middle East Solar Industry Association’s annual solar awards presentation.
12/05/2014
With the Emirates Insurance Authority rolling out a host of regulations last month, it seems inevitable that the market will consolidate dramatically as the smaller players struggle to meet strict new requirements.
12/05/2014
Banks also falsified the documents of the money’s destination
12/03/2014
The five-year term loan facility was signed to meet KUFPEC 's ambitious general corporate purposes and international expansion plans.
12/03/2014
Saudi Arabia’s market regulator has suspended the local unit of accountancy firm Deloitte & Touche from doing auditing work for listed firms in the kingdom from June 1, 2015
11/30/2014
The financial drama at Leeds has taken a new twist, with lawyers representing the club’s former managing director, David Haigh, writing to the Football League to say he can provide information relating to serious allegations about the club’s c
11/30/2014
UAE May Create Body To Monitor FX Peg, No Policy Change Likely
Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1
11/27/2014
The bank’s provisions reflect its legal team’s most recent estimates of what it will need to pay
11/27/2014
The DIFC Courts, Dubai’s established English-language, commercial common law judicial system, today signed a landmark enforcement document with the High Court of Kenya (Commercial and Admiralty Division) in a move that further reinforces the UAE&
11/27/2014
A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie's London office advised Yasar Holding A.S. on a Eurobond offering under Rule 144A and Regulation S.
11/26/2014
Kuwait's Court of Appeal has reduced a fine against the chairman of Al Ahli Bank on alleged insider trading charges to 100,000 dinars ($343,500) from 1.5 million dinars, a bourse statement from the lender said on Wednesday.
11/25/2014
Banks in the United Arab Emirates are close to resolving a liability issue over information provided by the Gulf Arab state’s new credit bureau, the head of the country’s largest bank by assets said on Monday.
11/25/2014
Private Capital team scoops another award
"This award is a testament to our team, its international strength and the quality of work it does. It tops off what has been a great start to the new merged firm."
11/21/2014
The move was announced in a decree published on the prime minister's website, which did not mention specific groups.
11/20/2014
Sukuk issuance is increasing worldwide but the structures used to create the instruments aren't uniform, which limits their cross-border acceptance by investors and trading in the secondary markets.
11/20/2014
It had received approval from the Bahraini authorities for the step, which reduces the nominal value of its shares by 13.8 per cent
11/20/2014
Qatar has approved draft legislation that increases the regulatory burden on small businesses, weeks after the Gulf state fell 11 places in a World Bank ranking of the best places to start a company.