07/30/2012
The embezzlement case, discovered in September 2011, revolved around forged documents allegedly used by the directors of an Iranian investment company to secure loans totaling $2.6 billion to buy state-owned enterprises.
07/19/2012
Latham & Watkins represented the joint lead managers in the State of Qatar's recent sovereign Sukuk.
07/18/2012
Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.
07/17/2012
The British-based lender had previously indicated to the UAE central bank that it wanted to quit the 12-member panel, whose quotes are used to set the Emirates interbank offered rate (Eibor).
07/17/2012
Middle East expert Ali Rizk told RT that the findings put pressure on the West to reconsider its friendly relations with Saudi Arabia.
07/10/2012
A spokesperson for the bank told reporters that, because the UAE is a Muslim country, it is the father who must open bank accounts for his children.
07/09/2012
Banks and financial institutions operating in the UAE will do a full due dilgence by Sunday in compliance with a central bank circular
07/09/2012
But it wasn't until the 23-year-old marketing worker came face to face with two scantily-clad female foreigners at one of the many luxury shopping malls in the United Arab Emirates that she decided to take action.
07/08/2012
Media’s ‘bad apple’ theory no longer works
07/05/2012
The Central Bank of the UAE gave the banks and financial institutions three days to submit details of any financial assets, transactions made by the Syrian ruling elite.
07/04/2012
The Minister of Finance has also announced that the implementing regulations of the Finance Laws (which is likely to refer to the Finance Lease Law, the Real Estate Finance Law and the Law on Supervision of Finance Companies) are to be drafted by the Saud
07/03/2012
The law is also expected to be a boon for banks, by creating a new revenue stream.
07/03/2012
Tomorrow the DFSA's new Markets Law comes into effect and will have a far reaching impact on the financial markets in and around Dubai International Financial Centre according to DLA Piper, the global law firm.
06/27/2012
The UAE Central Bank last year issued wide-ranging regulations aimed at curbing loose lending practices and bank charges.
06/27/2012
The governor added the new directives are to over-write the instructions issued by CBK on ‘sound management principles for banks and financial institutions’ back in May, 3, 2004.
06/26/2012
A Bahrain court has sentenced a former bank chief executive convicted of embezzling BD10 million to jail for four years in absentia, said a report.
06/25/2012
Mr. Rasheed Mohammed Al Maraj, Governor of the CBB welcomed the chairman and members of the Board of BAB and thanked the Association and all retail banks for their cooperation in implementing the CBB’s plans for the development of banking services i
06/24/2012
Dubai SME names new legal adviser
Dubai SME launched smeconnect.ae to guide investors and entrepreneurs on setting up and growing their business in Dubai.
06/21/2012
Law firm appoints Middle East managers
These included the recent merger of HSBC’s operations in Oman with the publicly listed Oman International Bank.
06/20/2012
UBS has confirmed that Sheikh Meshal was invited to apply for a non-executive post at the bank. However, the bank has also claimed that it already had a strong relationship with Zain, having advised on many of its previous deals.