05/05/2015
Saudi Arabia sets rules for foreign investment in its stock market
The stock market will open to qualified foreign investors on June 15
Legal, Tax, Regulation & Compliance
05/04/2015
Private banks flock to Gujarat IFSC
With the RBI issuing a liberal regulatory framework for operating bank branches, State Bank of India, Yes Bank and Kotak Mahindra Bank have announced plans to buy space at the Gujarat International Finance Tec-City (Gift City) in Gandhinagar.
05/04/2015
Saudi finalises rules for foreign opening of equity markets
The $550b equities market will open up for foreign investors from June 15
05/04/2015
Simmons & Simmons advises Vodafone Qatar on switch to Islamic finance
We expect other leading international and regional corporates to follow suit
05/03/2015
Bahrain Central Bank Puts Bank, Insurer Into administration
the central bank did not elaborate on why it took the action against Future Bank and Iran Insurance Co.
05/01/2015
Egypt’s crackdown on dollar black market cripples importers
The central bank has now barred monthly dollar deposits at 50, 000, while at the same time allowed the Egyptian pound to depreciate by over six percent.
05/01/2015
Saudi central bank says would welcome insurance mergers
Saudi Arabia's central bank would welcome mergers among local insurance companies as long as they were positive for all parties
04/30/2015
Awal Bank wins $700m judgement
A Bahraini bank has won a massive payout from a Saudi businessman described as "one of the biggest monetary judgements ever awarded in the GCC"
04/30/2015
Norton Rose Fulbright advises on $235 million loan to Hassan Mohamed Jawad & Sons
Global legal practice Norton Rose Fulbright has advised the mandated lead arrangers in relation to a multicurrency US$215,000,000 term facility and US$20,000,000 revolving facility to Hassan Mohamed Jawad & Sons B.S.C.
04/30/2015
Bahrain central bank puts Iran-linked bank, insurer into administration
It said it wished "to reassure both the local and international financial community that this measure is an isolated incident and will not impact any other bank or insurance company in the kingdom.
04/29/2015
International law firm promotes two new counsel in the Middle East
"We are delighted to promote Tariq and Robin, two rising stars in the Middle East legal market.
04/29/2015
Latham & Watkins advises on inaugural Sukuk issuance by Noor Bank
The Certificates have been admitted to trading on NASDAQ Dubai.
04/28/2015
David Haye arrested at Dubai airport: British boxer 'accused of fraud with passport seized'
As a result of his extended stay in Dubai, Haye had to bow out of a BAMMA mixed martial arts event in Birmingham on 25 April
04/27/2015
DIFC welcomes Korean law firm
The United Arab Emirates is currently home to 160 Korean companies and a 13,000-strong Korean workforce.
04/27/2015
Citibank Loses Key Decision in Investor Lawsuit; Court to Appoint Expert Panel
Citibank this month lost a key decision in its defense of a lawsuit in Abu Dhabi accusing the bank of self-dealing, defrauding investors, and attempting to cover-up investor losses
04/27/2015
Dentons wins TMT Legal Adviser of the Year
Dentons' Middle East TMT team was again recognized for its regional strength in the TMT sector by being named 'TMT Legal Adviser of the Year' at the TMT Finance & Investment MENA 2015 Awards
04/27/2015
UAE billionaire calls for new rules on succession for Gulf family businesses
Family businesses generate more than 80 per cent of the non-oil gross domestic product in the Gulf, according to accountancy firm PwC, a sector of the economy each nation is trying to bolster, especially in the lower oil price environment.
04/23/2015
Mashreq card holders to get discount from Gulf Air
Mashreq Qatar, a financial institution having presence across the region, recently signed a discount deal with Gulf Air, Bahrain’s National Carrier.
04/23/2015
Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait - cenbanker
, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank
04/23/2015
Securities trading framework being upgraded in Bahrain
Key upgrades to securities trading frameworks will improve market integrity, fairness, transparency and better safeguard the interests of investors, it has emerged