03/31/2015
Islamic bond trial over $650m launches in London
A $650m legal dispute has been launched in London’s High Court that will offer a rare glimpse into the Islamic bond market, as well as banking and business practices in the Middle East.
03/30/2015
Trowers loses management duo in Dubai
Mutawi will join the firm as a partner in the corporate group, while Pitts will add to the firm's international disputes offering
03/29/2015
In a region where the risk of money laundering and terrorism looms larger than in some other parts of the world, many businesses are under pressure to tighten anti-financial crime and compliance rules.
03/29/2015
CBK, CBRC Aim To Boost Ties In Exchange For Regulatory Information
03/26/2015
Anum Saleem, Senior Associate at Eversheds, Riyadh spoke to Zoya Malik about the benefits of proposed regulations on KSA credit agencies to operate in the market and the impact on lending for BFIs
03/25/2015
Court orders deportation of expatriates
Businessman, 2 expats get 2 years jail for their role in $1.2mn fraud case
03/23/2015
All Islamic banks already have a Sharia board but their scope is limited to vetting their own products.
03/22/2015
UAE Central Bank plans to set up unified board of supervision to boost Islamic finance
03/21/2015
A Dubai-based client of ABN Amro, who did not want to be named, told The National at least one banker was put on enforced leave in early January.
03/20/2015
Separately, Zorlu Energy received approval to raise 100 million lira ($38.4 million) via sukuk, adding to a growing list of corporate issuers in the country.
03/20/2015
Former president Mahinda Rajapakse and his immediate family are accused of siphoning large sums of money
03/20/2015
Haigh and GFH have made numerous counter claims against each other since the former club manager was arrested in Dubai in May
03/20/2015
A Judge has ruled that three ‘rag trade’ bosses cannot reclaim around £4.6million from a Blackburn chemist-turned-property investor over a failed paradise island deal
03/20/2015
Sri Lanka said it had traced more than a billion US dollars in public funds allegedly stolen by members of the former regime to a bank in Dubai
03/19/2015
This is a landmark project and we are delighted to see it achieve financial close
03/18/2015
DIFC sees 18 per cent growth in companies and 15 per cent increase in leased office space for 2015
Dubai International Financial Centre today announced results for 2014 that were the second strongest ever since its inception in 2004.
03/16/2015
World Bank Vice President for Integrity Affairs Leonard McCarthy praised Saudi Arabia’s efforts in its fight against corruption
03/16/2015
The Central Bank of Bahrain (CBB) announces that this week's BHD 70 million issue of Government Treasury Bills has been oversubscribed by 180 per cent
03/16/2015
Central bank deposits that Egypt's Gulf allies pledged at an investment summit will arrive in the country within days, the state news agency quoted central bank governor Hisham Ramez as saying on Monday.
03/15/2015
'Remuneration requirements for banks – a global comparative analysis' - Norton Rose Fulbright
This guide is the third in a series that Norton Rose Fulbright has produced on structural banking reform