05/21/2015
Court sentences bank directors to 7 years
The court also punished 10 other suspects who participated in the crime with the first and second defendants.
Legal, Tax, Regulation & Compliance
05/20/2015
DFSA Fines United Investment Bank Limited
The fine was imposed following a DFSA investigation which found that, from April to July 2014
05/20/2015
Central Bank of Oman appoints FSS to implement National E-payment Gateway
FSS Technologies FZE, the Middle East subsidiary of Financial Software & Systems (FSS), has been appointed by the Central Bank of Oman (CBO) to implement "OmanNet e-payment Gateway" in Sultanate of Oman.
05/19/2015
DIFC to play key role in UAE-Kazakhstan trade
DIFC, National Bank of Kazakhstan sign deal
05/19/2015
Basel III: The Banking Regulators' Revenge
Banks have four years to change or else. Should Middle East banks be scared?
05/19/2015
Corporate PE Structures by Kerri L. Lefebvre, Conyers Dill & Pearman
Thinking about the end at the beginning
05/19/2015
Bank managers jailed over Dh25 million heist
Defendants and 11 others involved in stealing realty investor’s money from three corporate accounts
05/18/2015
New Al Gosaibi debt deal offer 25 per cent higher than previous
The heavily indebted Al Gosaibi family of Saudi Arabia is pledging nearly all of its equity and property assets to creditors under the terms of a new offer in an attempt to settle a six-year dispute with international and regional banks.
05/18/2015
Global banking regulations pose threat to money exchanges
The support of local banks is an important element in money transfer business
05/18/2015
ADIF to guarantee deposits of Turkish bank
The bank plans to start operations in Azerbaijan in June. Currently, a preparatory work is underway.
05/17/2015
NEC lawyers in Dubai to file for return of funds
The Sunday Guardian learned that in 2011, the siphoning of funds was done using a procedure
05/17/2015
Deloitte presents the 2015 Media Predictions for the Middle East as the official Media Partner at the Arab Media Forum
Deloitte has presented the 2015 Media Predictions for the Middle East at the Arab Media Forum, from its 2015 Technology, Media & Telecommunications Middle East Predictions report, launched in March. The report reveals the latest trends and emerging is
05/14/2015
Iran's Future Bank appeals Bahrain decision to take it over
In March 2008, the U.S. Treasury imposed sanctions on Future Bank, blocking transfers of its assets.
05/13/2015
GFH wins legal case amounting to $90.64 million against its ex-Chairmen
GFH would like to inform its shareholders and the markets that the Bahrain Chamber for Dispute Resolution has issued its verdict on 12th May 2015 in favor of GFH on a legal case against two of its ex-Chairmen.
05/12/2015
International law firm leads on debut Rule 144A/Reg S bond issue
Dubai-based partner led the Dechert team
05/12/2015
Prosecutors: Newport man promised In-N-Out franchises in Middle East, scammed investors out of $4 million
A Newport Beach man is facing federal fraud charges after authorities say he scammed investors out of more than $4 million by convincing them to bankroll nonexistent In-N-Out franchises in the Middle East.
05/11/2015
Abu Dhabi waits on new regulations to replace its abandoned rents cap
With rents in the city rising steadily over the past 18 months, stories abound of some long- term tenants facing demands from landlords for yearly rent increases of as much as 50 per cent.
05/08/2015
Conyers’ Fawaz Elmalki named as industry leader on MENA FM’s Power 30 List
The publication cited Fawaz for his “formidable expertise in conventional, alternative and Shari’a-compliant funds”
05/07/2015
Clearer regulation key to future Dubai success
Participating firms were Investors Trust Assurance, Nedbank Private Wealth and Hansard International.
05/06/2015
Global law firm Expands Capital Markets Practice
Global law firm has been actively supporting clients in the GCC states for more than 50 years.