09/01/2015
Hapoalim, Leumi must sell credit card units -Israel bank regulator
This means that the two large banks will be required to sell the ownership of their credit card companies
Legal, Tax, Regulation & Compliance
08/31/2015
Strong Year for Islamic Lending for Gulf Banks
The increase in lending will be welcome for banks in the region, where the oil slump threatens to clip economic growth
08/31/2015
Atlas Jewellery group's woes multiply
Banks firm on planning a strategy to recover a total of Dh550 million owed to them by the group
08/30/2015
DLA Piper appointments new head of Kuwait office
Terry has detailed knowledge of the Kuwait market, having spent a number of years as the Senior Legal Advisor at Kuwait Petroleum Corporation.
08/30/2015
SCW, Al Baraka Banking Group discuss cooperation
The meeting addressed aspects of joint cooperation aimed at building the capacities of women in the financial and banking sector
08/30/2015
Bank compliance: it costs to do it right
Naturally, the cost of compliance is affecting the ability of banks in the region to properly finance the economies
08/27/2015
Bank Leumi execs may have to hand back bonuses
A Bank of Israel report expects Eitan Raff, Galia Maor and Zvi Itskovich to return bonuses because of the US tax evasion affair.
08/24/2015
Swiss and Saudis dragged into 1MDB scandal
The Swiss are investigating alleged financial improprieties and the Saudis are ‘not amused’ by unwanted headlines.
08/23/2015
Arab Bank says report of $1b settlement is ‘inaccurate’
Jordan-based bank reached a deal last week to avert a damages trial
08/21/2015
Geneva prosecutor ends six-year Saad/Algosaibi probe with no further action
Court actions related to Sanea and his Saad Group and AHAB have taken place in a number of jurisdictions, including Saudi Arabia, Bahrain, Switzerland, and the Cayman Islands.
08/20/2015
FOCUS - Bahrain’s fiscal tightrope: the island state's battle to regain lost ground
The double setback of political unrest since 2011 has at times paralysed commercial activity and continues to affect investor confidence, particularly among those from outside the region.
08/20/2015
Turkish banking regulator: Turkish sector is solid
Banking sector is growing via acquisitions; foreign banks seek market entry
08/19/2015
Depositors of collapsed Dubai Bank to be paid maximum Sh100,000
The corporation, formerly the Deposit Protection Fund Board, was appointed by Central Bank of Kenya
08/18/2015
Dubai Regulator Weighs Up Crowdfunding Oversight
The Dubai Financial Services Authority has confirmed that it is formulating its policy position on crowdfunding, with the regulator identifying the need for sophisticated investors and questioning the possible impact of failures.
08/17/2015
Israeli Bank Leumi Execs Warned Over US Money Laundering – Report
The affair concerns criticism following the investigation of the US authorities of criminal events that took place in Bank Leumi’s US branch between the years 2002 and 2010 – when the three executives were serving the bank.
08/17/2015
Arab Bank Settles US Litigation on Middle East Attacks
The amount of the settlement was not immediately revealed.
08/14/2015
Clifford Chance advises Amanat Healthcare
Sukoon provides extended care and critical care medical facilities to patients and operates a 200-bed facility in Jeddah.
08/13/2015
DIFC’s new Academy of Law inks first international memorandum
Its alumni are well represented across Chinese businesses and legal institutions, particularly in Shanghai, the country’s commercial centre.
08/13/2015
Gibraltar FSC signs MOU with Israel
The MoU indicates our joint endeavours to work closely together to support our work to protect the public
08/11/2015
A new Commercial Companies Law for Qatar
The new Companies Law was published in the Official Gazette on July 7 this year and took effect on August 6.