05/24/2012
Basel’s strength as a rule-making body has been its success in reaching agreement on implementation of these rules, especially capital framework and risk management, through joint voluntary measures, and also serving as a platform for cooperation an
05/24/2012
Oman's Ministry of Commerce and Industry has halted the merger of HSBC Oman and Oman International Bank (OIB) following an objection raised by an India-based businessman.
05/23/2012
The FSA, which will be based in Abu Dhabi, will regulate the investment banks, insurers and other financial institutions and will have oversight of conduct of business, consumer protection and “the daily business of running the financial system&
05/22/2012
According to him, Kuwait and Saudi Arabia have a larger, active retail market, and so it was not surprising that they have the most robust regulatory framework in that respect. UAE
05/18/2012
The bank lodged an appeal against the US court order on Thursday, Japan time, he said.
05/16/2012
Economic downturn brought many cases and complaints about bounced cheques.
05/11/2012
But Murdoch was smiling at the end of the day Thursday after the company announced a profit increase that dwarfed their scandal-related expenses.
05/09/2012
Dubai Courts' representation was led by Dr. Ahmed Saeed Bin Hazeem Al Suweidi, General Manager; while the DIFC Courts' delegation was headed by their Chief Justice, Michael Hwang.
04/30/2012
Previously at Dewey & LeBoeuf, Gray will continue to focus on English and international litigation and international arbitration.
04/27/2012
Italian financial police had seized the assets saying they belonged to members of the Gaddafi family, but the Libyan Investment Authority (LIA) said that was not true.
04/25/2012
In a statement, managing partner Neville Eisenberg said: “A representative office has been opened in Tel Aviv to support business development and enhance client relationship management.”
04/24/2012
The new office will focus on finance, litigation and corporate work, in particular in the energy sector. London commercial litigation partner Rovine Chandrasekera is set to relocate to Dubai to head up the office when a licence is granted.
04/19/2012
The City firm has announced nine new partners in London in addition to one in Abu Dhabi and one in Singapore.
04/18/2012
A decision to annul the withholding tax on the trading of investment funds -- more than 75 percent of which comprise equities -- was announced by Deputy Prime Minister Ali Babacan, who oversees the Turkish government's economic policies as the head o
04/16/2012
Among Israel's financial institutions, Hapoalim suffered the worst losses in the subprime crisis due to its investments in mortgage-backed securities.
04/05/2012
Of the total sum, creditors have agreed that around US$2.15bn of the debt will be extended for five years, while they will also receive a two percent cash interest coupon on the new facility.
04/05/2012
They are suing for "more than $10 million" as a result of the alleged manipulation of shares in Bill Express, the electronic pre-paid bill payment company that went under in 2008 with debts of more than $200m.
04/02/2012
The DFSA announces the delisting of DIB Sukuk Company Limited (DIB) from the Official List of Securities following the announcement by DIB that it has repaid in full a USD 750 million five-year Sukuk, which matured on 22 March 2012.
03/30/2012
Allen & Overy today announces 23 promotions to partner across 14 offices in 12 countries. Nearly 40% of new partners are female and, for the fifth year running, the majority (73%) are based outside London, underlining Allen & Overy's commitme
03/28/2012
H.E. Hamood Sangour al Zadjali, Executive President of the Central Bank of Oman, revealed to the Oman-based newspaper Muscat Daily that the first draft of Islamic banking rules is almost ready and it is being updated with comments from local banks.