Saudi ambassador sues Irish ‘fraudster’ for £25m
The developer behind plans for Europe’s tallest residential building has been dismissed as a fraudster by a Saudi ambassador who…
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Saudi bank cost of credit ‘on the rise’
Bank deposits in the Kingdom averaged 7.5% in 2015 compared to an average of 13.6% a year ago, the National…
Judges announced for Corporate Counsel Middle East Awards
Cherine Ghali, general counsel, Dubai Group, Dean Stelfox, general counsel, Dubai World Central and Mark Beer OBE, CEO & registrar,…
Wealthiest Gulf Investors 'Pessimistic' About Regional Economy
The number of wealthy Gulf individuals who believe that the regional economy is worsening has grown significantly over the past…
Iranians To Spend $8.6bn On Overseas Properties
Iranian ultra-high-net-worth private and corporate/state backed buyers will spend up to £6 billion over the next five to 10 years…
P2P Lending Throws Cash Lifeline to Middle East SMEs
Online platforms that match borrowers and lenders directly have been a game-changer for capital-hungry start-ups and SMEs worldwide. In…
Saudi Banks Outlook Negative, New Austerity Measures Introduced
The outlook for Saudi Arabia’s banks have changed to negative from stable by credit rating agency, Moody’s Investors Service, because…
London Remains Top Investment Location For Middle East Despite Brexit Fears
Wealthy Middle Eastern investors still rank London as their top city of choice for real estate investment, despite increased uncertainty…
Charles Russell Speechlys boosts corporate practice
Charles Russell Speechlys has confirmed the appointment of Rupert Copeman-Hill as partner and the firm’s head of business services, who…
Vinson & Elkins closes Abu Dhabi office
Vinson & Elkins has become the latest firm to close in Abu Dhabi, with all staff set to relocate to…
Qatar to pass law on public-private partnerships by year-end
Qatar aims to enact a law covering the use of public-private partnerships (PPPs) by the end of 2016, part of…
Khaleeji Commercial declares 5pc bonus shares
Bahrain-based Khaleeji Commercial Bank (KHCB), a leading Islamic bank, held its annual general meeting (AGM) yesterday (March 15) in Bahrain,…