10/09/2013
Middle East banks face tougher compliance rules as sanctions bite
It is not just international banks that face tighter regulation across the board – local firms, too
10/09/2013
Majed Al Refai faces 18 years in prison, huge fines and repayment of millions as cases to date are ruled in favour of Bank AlKhair
10/08/2013
This represents the first time an Islamic bond structure has been deployed on a block of life insurance policy contracts.
10/07/2013
Criminal law and domestic violence specialist Bayan Al Zahran was given the nod by the country’s ministry of justice on Sunday.
10/06/2013
U.K. fraud prosecutors’ will announce significant developments next year in a probe into fees paid by Barclays Plc to Qatar’s sovereign-wealth fund for a 2008 fundraising that helped the bank avoid a bailout.
10/03/2013
Global fund firms fret over UAE fee structure
By contrast, local asset management firms, which focus on investing within the Gulf, have struggled to attract investor interest and stay afloat since the 2008 financial crisis.
10/02/2013
The petition to the court was made after the UK's Duet Asset Management withdrew from the debt settlement reached with Habas's bondholders.
10/01/2013
Algosaibi Strikes Deal With Fugitive Banker
AHAB announced yesterday that it had reached a settlement with American citizen Glenn Stewart
09/25/2013
Hogan Lovells has advised Barwa Bank on a $125m Islamic facility made available to United Arab Emirates based Topaz Energy and Marine.
09/22/2013
According to his LinkedIn profile, Nikhil Das had been an associate director in BNP's wealth management arm since 2009.
09/15/2013
Barclays is seeking to raise almost £8bn from investors through a combination of new shares and bonds
09/15/2013
The Memorandum of Understanding was signed by the Governor of Central Bank of Bahrain
09/10/2013
Saudi tycoon Mohamed bin Issa al Jaber has filed a petition in a New York court.
09/10/2013
According to the DFSA, UIB did not maintain adequate systems and controls and had corporate governance deficiencies which prevented it from acting the best interests of the company.
09/08/2013
Habas Investments is collapsing and the company's CEO Hertzel Habas notified the Tel Aviv Stock Exchange this morning that that the closing date of September 6 for completing the Duet deal has passed with no deal done.
09/04/2013
Amwal Invest is suing international accounting firm Ernst & Young (E&Y) over allegations it covered up financial irregularities by a former administration.
09/04/2013
The employee allegedly took money from a number of people after promising he would invest their money in buying and selling cars and real estate units and pay them interest at a rate of 10 percent.
09/03/2013
It was the latest move by New York banking Superintendent Benjamin Lawsky to clamp down on questionable practices by foreign banks in New York.
09/03/2013
Saudi Hollandi Bank, the first operating bank in the Kingdom of Saudi Arabia, was founded in 1926 under the name ‘The Netherlands Trading Society’
09/01/2013
The clauses involve protecting clients from illegal practices during banking transactions and services.