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.
06/19/2012
Leading UAE law firm Hadef & Partners is pleased to announce today that renowned Middle East Banking & Finance expert Caroline O'Hare is joining Hadef & Partners as Head of Financial Services & Regulatory.
06/18/2012
Dewey's Riyadh team resurfaces at Patton Boggs
Former Dewey Riyadh partner Khalid Al-Thebity has joined Patton Boggs as managing partner of the affiliate office, with the Washington DC-based firm also taking on Dewey Riyadh associates Jihad Turkistani, Stefan Guttensohn, Siraj Al Islam and Judeh Bahna
06/15/2012
Al-Refai has thus far failed to attend any of the court hearings in relation to the money laundering case, it said.
06/15/2012
As a result, a Dubai International Financial Centre (DIFC) court will next week (18 June) issue a winding-up order for Dewey’s operations in the United Arab Emirates.
06/13/2012
Leading Omani commercial law firm has appointed a new partner to head up its Corporate/Commercial Law department.
06/12/2012
This new legislation amended the powers granted to the Dubai Authority Financial Services under the Regulatory Law of the DIFC.
06/12/2012
Leading International Financial Centre law firm Expands With New Partners
Eleven attorneys promoted to partner across international network
06/08/2012
The biggest fraud in the 32-year history of the Islamic Republic revolves around forged documents allegedly used by the directors of the Amir Mansour Aria Investment Company to secure loans totalling $2.6 billion to buy state-owned companies under the gov
06/06/2012
The deal was inked by India's Minister of State for Finance (Expenditure and Financial Affairs) Shri Namo Narain Meena and Bahrain's Minister for Transportation H.E. Kamal Ahmad.
06/01/2012
BIBF director Garry Muriwai welcomed delegates, stressing the importance of continuing learning and development in the finance industry.
05/31/2012
Gamal and Alaa Mubarak, as well as the two chief executive officers and a former CEO of the Cairo-based investment bank EFG-Hermes, are being charged with corrupt stock exchange dealings worth more than $400m in connection with the 2007 sale of Al-Watany
05/30/2012
The firm also advised the Bank on the establishment of its $2bn Euro Medium Term Note Programme and debut $650m issue under the Programme in 2010.