03/24/2017
GCC top bankers endorse company for settling payments
The Riyadh-headquartered company will function based on a profit-commercial system, he said.
Legal, Tax, Regulation & Compliance
03/24/2017
Pakistani man steals KD 1 million
It was not clear if the man was still in the country.
03/24/2017
Barclays faces new fight over ‘crash cash’ from Qatar
The Financial Conduct Authority concluded an investigation three years ago but is understood to have begun interviewing individuals after starting the process again.
03/24/2017
Saudi Binladin creditors agree to $1.1bln financing extension
Company has been struggling because of delayed payments from the government
03/23/2017
ASAR acts as Kuwait legal counsel on dual-tranche $8 bn issuance
Proceeds from the issuance will be utilized for Kuwait's expected funding needs for this fiscal year.
03/23/2017
UAE slams continued Israeli colonisation of the West Bank
International community should put pressure on Israel to stop its systematic violations of Palestinian human rights
03/23/2017
New Regime for Security over Movables in the UAE
The New Law aims to introduce a more streamlined, efficient process for taking security over movables.
03/23/2017
Muscat accountant defrauds UAE-Oman joint venture of Dh3.7m
The client had signed a contract with Gulf Construction for the company to build a commercial property.
03/23/2017
UAE credit growth picks up pace in February led by GRE borrowing
Liquidity conditions improve on higher government deposits
03/23/2017
Qatar's fiscal deficit projected to shrink further
The government’s gross debt holdings are now 47.8 percent of GDP.
03/23/2017
UAE bankruptcy no longer leads straight to prison
A new insolvency law will help SMEs caught in a cash crunch
03/23/2017
Laptop ban hits Gulf airlines in battle for business travellers
The U.S. restrictions apply to flights originating from 10 airports in countries including the United Arab Emirates, Qatar and Turkey
03/22/2017
UAE named in $20bn Russian money laundering scheme
Gulf country is one of 96 that allegedly handled dirty money between 2011 and 2014
03/22/2017
Dubai a top destination for Greenfield FDI Projects
The Bank of America Merrill Lynch has released its Thematic Investing report on the topic of smart cities, sustainable development and urbanisation, including insights on the UAE and Middle East.
03/22/2017
U.K. Serious Fraud Office to Decide Soon on Barclays Qatar Charges
Long-running investigation centers on Middle Eastern investment that helped bank withstand financial crisis
03/21/2017
Citigroup, Abu Dhabi Fund Spar Over $9M Arbitration Costs
An International Centre for Dispute Resolution panel properly rejected the Abu Dhabi Investment Authority's bid for more than $2 billion, launched after the ADIA was unable to upend a previous arbitration, over the same.
03/21/2017
CMA signs MoU with Capital Markets Authority of Lebanon for increased cooperation
CMA will take part in the eleventh meeting of the Arab Securities Commissions Association
03/21/2017
Clifford Chance law firm advises Kuwait on the establishment of its GMTN programme and debut dual-tranche $8billion note issuance
The dual-tranche issuance thereunder follow a spate of other recent sovereign issuances in the Middle East.
03/20/2017
Real estate funds will enter Egypt through three contenders in 2017
The Housing & Development Bank is planning to join them during the next two months.
03/19/2017
Commercial Bank of Qatar considers international bond issue
A U.S. dollar-denominated bond issue is considered the most likely option, but the bank is also looking at issuing in Chinese renminbi, one of the sources said.