10/28/2012
A&O and Bakers steer $1bn Turkish bond issue following Istanbul launches
Allen & Overy (A&O) and Baker & McKenzie have won roles advising on a major bond
Legal, Tax, Regulation & Compliance
10/22/2012
GFH faces scrutiny over Shari’ah compliance of Leeds United bid
Gulf Finance House (GFH) may be forced to seal off pubs, restaurants and betting points at the Leeds United Football Club's stadium to allow the proposed acquisition to go ahead.
10/21/2012
KPMG named ‘Most outstanding Islamic advisory firm’
‘KPMG is committed to the growth and development of Islamic Finance in Oman said Khalid Ansari, Partner Advisory Services.
10/11/2012
Shearman & Sterling Honored at IFLR's 2012 Middle East Awards
Shearman & Sterling was a big winner at International Financial Law Review's 2012 Middle East Awards in Dubai.
10/11/2012
Tax havens and tax hells
KPMG's latest Individual Income Tax and Social Security Rate Survey covers 114 countries and finds 10 countries that charge no personal income tax at all.
10/10/2012
Israel Securities Authority joins IOSCO European Regional Committee
Securities Authority chairman Prof. Shmuel Hauser: This decision follows IMF and OECD recognition of the quality of Israeli regulation.
10/04/2012
DIFC Courts wins UAE Customer Service Award
"We are thrilled to be recognised, once again, for our efforts in customer service. We are also very proud of the hard work that Rita and all members of our registry team deliver on a daily basis. "
10/03/2012
Arab banks mull repercussions of US FATCA law
The Union of Arab Banks and the World Union of Arab Bankers organized Wednesday here a seminar on the impacts of the US adoption of the Foreign Account Tax Compliance Act (FATCA).
10/03/2012
National Bank of Fujairah replaces Barclays on Eibor panel
The Dubai-based lender was selected to join the EIBOR
09/30/2012
FATCA Seen To Impact All Financial Firms In Kuwait
Cost Of Non-Cooperation Could Be Significant
09/27/2012
UAE has tightest bank rules in GCC
Report sees gradual recovery in credit by regional banks
09/27/2012
Abu Dhabi bank sues Dubai crown prince's firm
Abu Dhabi Commercial Bank (ADCB) filed the case on Sept. 19, claiming $107.13 million from Zabeel, owned by the crown prince of Dubai, saying it failed to meet repayment obligations.
09/26/2012
Ex-Bahrain bank CEO jailed for five years
The bank said in a statement that Al-Refai was found guilty of money laundering, fraud, illegally soliciting donations without prior licensing from Bahraini authorities and transferring the funds to his personal account.
09/26/2012
Mashreq clear to pursue case
Mashreq, the UAE bank caught up in the affair, will also get its chance to press for the repayment of cash it has claimed from the Al Gosaibis.
09/25/2012
I’ll See You in Court…in Dubai
“It’s pointless going to England if you want to enforce in Dubai.”
09/24/2012
Latham and Watkins partner named to prestigious board position at World Bank
A strong Riyadh office is important to the strategic growth of our global practice.
09/19/2012
DFSA sanctions Credit Europe Bank
The EUs result from a DFSA investigation into trading conducted by the former Head of Treasury, on behalf of CEBD.
09/19/2012
NBQ wins appeal against Global Investment House
The Court of Cassation overturned the appealed judgment and referred the lawsuit to the Court of Appeal which will have a new panel. The Appellee was ordered to pay court expenses and Dh1,000 attorneys’ fees.
09/18/2012
DIFC regulator accuses Arqaam, Ernst & Young of accounting violations
The regulator of Dubai’s international financial centre is accusing Ernst & Young and the Dubai-based investment bank Arqaam Capital of accounting irregularities and breaches of its rules in relation to the way Arqaam allegedly overstated its 20
09/18/2012
Deloitte announces revenue results of US$31.3 billion
Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.