06/12/2014
Kuwait’s government yesterday disputed allegations by the opposition that tens of billions of dollars were stolen from public funds by former senior officials, saying documents supporting the claims are fake.
06/12/2014
Legal authorities in Dubai are weighing criminal charges,
06/10/2014
High level of profitability support strong internal capital generation
06/10/2014
The agreement is also aimed at protecting the society from improper commercial practices, according to Saud Salim Al Akroubi, Head of International Relations at FCA.
06/09/2014
Financial Stability Report hints at regulatory overhaul to align local regulations with international best practice
06/09/2014
Barclays' faces a £300m lawsuit from Amanda Staveley over Abu Dhabi deal
The legal action is linked to a Serious Fraud Office investigation into £322million of fees paid by Barclays
06/09/2014
Monitoring development in the UAE real estate markets and the banks’ exposure to it remains a core financial stability priority.
06/08/2014
The central bank of the United Arab Emirates plans to introduce new rules on liquidity and begin consulting with banks on a new capital regime which is in line with the Basel III framework in the second half of 2014, it said on Sunday.
06/06/2014
Another of the Qatari bid committee’s legal advisers, magic circle firm Clifford Chance, is not understood to be advising on the recent claims
05/29/2014
Its rules detail the treatment of subsidiaries when calculating a bank's capital adequacy requirements and explain the use of subordinated debt, which can count towards Tier 1 core or Tier 2 supplementary capital.
05/28/2014
The lawsuit, Arab Bank v. Linde, which was filed a decade ago, accuses Arab Bank
05/28/2014
ACC Middle East will now offer its members access to enhanced online resources and connections to corporate counsel worldwide
05/28/2014
Arab Bank said the judge’s ruling was forcing it to choose between running afoul of the U.S. court and violating bank secrecy laws in Lebanon, Jordan and other countries.
05/26/2014
GFH Capital said Dubai Police's investigations are ongoing, adding that it was "not appropriate" to comment in any detail on their inquiries at the moment.
05/25/2014
Barclays’ fundraising meant it was able to escape a government bailout during the financial crisis.
05/23/2014
GFH bought the football club from former owner Ken Bates in December 2012
05/19/2014
The UAE's market regulator, the Securities and Commodities Authority, has been liberalising securities rules since 2012
05/19/2014
Bahrain's central bank is finalising rules for the supervision of sharia-compliant advisory firms, part of a wider overhaul of standards as the Gulf state steps up its efforts in Islamic finance.
05/18/2014
The agency has detected some funds which have been sent through illegal banking channels to Hong Kong and China and legal replies from these countries would b.e obtained to take the probe further
05/16/2014
National Bank of Abu Dhabi only Gulf bank still transferring funds into and out of Sudan, says Arab League Economic Affairs unit secretary-general