04/10/2018
Turkcell’s Eurobond Attracts Strong Demand from Global Investors
Turkcell's previous 10-year Eurobond issue was in 2015
Legal, Tax, Regulation & Compliance
04/10/2018
Bahrain to host 2018 ME Asset Management Forum
The asset management industry is now entering an exciting stage in its evolution in the MENA region amid the current developments and economic progress initiatives.
04/09/2018
Canara Bank to shut three branches in Leicester, Bahrain and Shanghai
Rakesh Sharma, bank's managing director and chief executive officer, told Business Standard that the board of directors had given a nod for overseas branch rationalisation plan
04/09/2018
Bank of India gets UAE central bank’s approval to close Dubai branch
The public sector bank has identified nine foreign branches /subsidiaries/ representative offices for closure.
04/09/2018
Bedell Cristin advises on King's Cross sale
The property comprises 250,000 square feet spread across 30 buildings, including nearly 200,000 square feet of offices, historic warehouses and retail space, adjacent to King’s Cross station.
04/05/2018
Abu Dhabi courts fine employers violating labour law up to Dh5m
Judicial department acts tough to protect workers
04/05/2018
Beirut: Arab Banks Mobilize Efforts Against Money Laundering
The technical development of the Internal Security Forces would play a key and preliminary role in fighting money laundering and funding terrorism, he stated.
04/04/2018
Oman central bank eases capital, lending curbs in bid to spur growth
Oman was the only one of the Gulf’s six wealthy oil exporters where banks’ operating profits shrank last year, Boston Consulting Group found
04/04/2018
Corporate governance: Someone to watch over me?
Some firms are taking corporate governance more seriously, but more action from regulators may be needed to lift standards
04/04/2018
Reason logic in tax on expat remittances
The government, represented by the Central Bank of Kuwait, agreed with the legislative committee’s opinion.
04/04/2018
NBO partners with Axis Bank to offer banking services to NRIs
Similarly, Axis Bank will assist Indian nationals who are moving to Oman in managing their finances abroad seamlessly.
04/04/2018
Bahrain accuses shuttered bank of busting Iran sanctions
Auditors accuse the bank of financing terrorism, money laundering, and providing phantom loans to companies under the Iranian Revolutionary Guard Corps.
04/04/2018
Qatar Central Bank says reserves ‘more than enough’ to cope with blockade
The bank’s liquidity is stable, he pointed out, and is actually improving with the rise in energy prices.
04/04/2018
Qatar's market manipulation fears fueled by 'abnormal' derivative moves: bank CEO
Al-Kuwari said QNB was cooperating with the central bank in its investigation and had been “supplying them with any information or data they asked us to supply them with.”
04/03/2018
Kuwaiti Parliament considers bill to tax remittances
Government and central bank say fee would be counter-productive
04/03/2018
Dubai-based cryptocurrency sued by Chinese giant Alibaba
Company behind Alibabcoin subject to legal action in New York which seeks damages over trademark infringements
04/03/2018
Oman central bank eases capital, lending curbs in effort to boost growth
The capital adequacy ratio, the proportion of capital that banks must hold back from lending, was reduced to 11 percent from 12 percent.
04/03/2018
Emirates Development Bank Launches Emirates Movable Collateral Registry Corporation EMCR
A New Tool to Publicize Lenders' Rights in Movable Assets
04/03/2018
QCB backs 3-way merger of Qatar Islamic banks
Sheikh Abdulla said Qatari public prosecutors and the QCB were investigating the attempts at currency manipulation and would announce the results of the probe as soon as it was completed.
04/02/2018
UAE banks may hike fees to offset additional VAT costs
As per the law, most financial services are VAT exempt in the UAE.