04/08/2014
Leading international offshore law firm hires lawyer specialising in advising Middle Eastern clients
He worked previously for Pinsent Masons (2011-2014) and Boodle Hatfield (2008-2011) in London.
04/07/2014
UAE steps up fight against financial criminals
04/06/2014
A financial manager who embezzled more than Dh1 million from the bank where he worked and then fled the country was on Sunday sentenced to five years in jail.
04/03/2014
Saudi group offers new settlement
In 2009, AHAB’s Bahrain unit, the International Banking Corp. and Awal Bank collapsed
03/31/2014
Libya Fund Accuses French bank of Fraud
French bank paid a middleman $58 million in alleged bribes to secure almost $2 billion in business from Libya's main sovereign-wealth fund during the final years of dictator Moammar Gadhafi's rule
03/31/2014
Saudi Arabia's Algosaibi calls May creditor meeting
Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers has called a meeting of creditor banks in Dubai on May 7 to discuss a proposed settlement of billions of dollars of unpaid debt
03/31/2014
Kuwait’s Burgan Bank wants to raise more capital this year to comply with the Basel III banking industry regulations while any acquisitions were unlikely to come soon, the lender’s chief executive said yesterday.
03/28/2014
The Lebanese financial authorities lifted banking secrecy rules on 17 bank accounts suspected of involvement in money laundering, embezzlement and terrorist funding in 2013, the Central Bank’s Special Investigation Commission reported Thursday.
03/27/2014
Clifford Chance names banking partner as new Middle East head
Clifford chance has named banking and finance partner as new Middle East managing partner to replace current head Graham Lovett.
03/27/2014
The Royal Bank of Scotland has been reprimanded by one of the main financial regulators in Qatar for failing to comply with training and competency requirements.
03/26/2014
It was not so long ago that we were warned of the risk of dealing in the digital currency of Bitcoin.
03/26/2014
Norton Rose Fulbright appoints new debt capital markets partner
I am looking forward to returning to the Middle East to continue to develop Norton Rose Fulbright’s conventional
03/25/2014
Kuwait will let foreign banks open multiple branches in the country to spur growth.
03/25/2014
Qatar Regulator Reprimands RBS For Insufficient Staff Training
Qatar’s financial regulator has reprimanded Royal Bank of Scotland for insufficient training of its branch staff, it said on Tuesday.
03/25/2014
The Qatar First Bank yesterday announced that it will go for listing on the Qatari bourse once it gets the regulatory approval.
03/19/2014
We looked at BAB's major activities over the past five years, and discussed where the association could add value to the industry
03/19/2014
Companies deny role in the alleged conspiracy to move assets beyond the bank’s reach
03/18/2014
The Kingdom has invested significant resources to tackle AML challenges including the most recent amendments concerning the local AML regulations.
03/18/2014
QCB asks all banks to transfer account data
The Qatar Central Bank has asked all banks to provide it with basic information about their customers’ accounts, including individuals and companies.
03/17/2014
Dubai considers rule change to lure more domiciled funds
Dubai is considering regulatory reforms to persuade more funds to base themselves in its financial centre