12/14/2014
Dubai International Financial Centre (DIFC) Authority announced today that His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has enacted the Netting Law, DIFC Law No. 2 of 2014.
12/11/2014
The new standard is compulsory for banks and other organisations reporting under IFRS for annual periods beginning on or after January 1, 2018.
12/10/2014
The new office will be led by Managing Partner, Abdulla Galadari
12/10/2014
Abu Dhabi Global Market today announced that its Pre-Open Market Consultation is underway and that ADGM has formed an expert panel of 16 international financial institutions to support the development of the draft regulatory framework
12/10/2014
Abu Dhabi’s new financial free zone is preparing to receive next year its first licence applications from firms seeking to operate there, after appointing a panel of 16 institutions to advise on its regulatory framework
12/10/2014
The Dubai Financial Services Authority has hosted a delegation of government, financial and business leaders from Hong Kong.
12/09/2014
Malaysia is forecast to have more billionaires in 2018 at 20 than the United Arab Emirates with 19, according to a new white paper from the London-based WealthInsight Intelligence Center.
12/09/2014
Bank of Sharjah plans to refinance a $200 million two-year loan maturing next year, said the lender's executive director, as the United Arab Emirates bank hopes to benefit from lower borrowing costs.
12/09/2014
The United Arab Emirates central bank is looking at proposals for new rules covering bank loans against shares
12/08/2014
Bahrain-based General Council for Islamic Banks and Financial Institutions, a global umbrella organisation for Islamic financial institutions, held an in-focus session on Basel III and Islamic banks during the 21st World Islamic Banking Conference
12/08/2014
Law firm Eversheds has won Law Firm of Year at the Middle East Solar Industry Association’s annual solar awards presentation.
12/05/2014
With the Emirates Insurance Authority rolling out a host of regulations last month, it seems inevitable that the market will consolidate dramatically as the smaller players struggle to meet strict new requirements.
12/05/2014
Banks also falsified the documents of the money’s destination
12/03/2014
The five-year term loan facility was signed to meet KUFPEC 's ambitious general corporate purposes and international expansion plans.
12/03/2014
Saudi Arabia’s market regulator has suspended the local unit of accountancy firm Deloitte & Touche from doing auditing work for listed firms in the kingdom from June 1, 2015
11/30/2014
The financial drama at Leeds has taken a new twist, with lawyers representing the club’s former managing director, David Haigh, writing to the Football League to say he can provide information relating to serious allegations about the club’s c
11/30/2014
UAE May Create Body To Monitor FX Peg, No Policy Change Likely
Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1
11/27/2014
The bank’s provisions reflect its legal team’s most recent estimates of what it will need to pay
11/27/2014
The DIFC Courts, Dubai’s established English-language, commercial common law judicial system, today signed a landmark enforcement document with the High Court of Kenya (Commercial and Admiralty Division) in a move that further reinforces the UAE&
11/27/2014
A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie's London office advised Yasar Holding A.S. on a Eurobond offering under Rule 144A and Regulation S.