03/13/2017
Al Salam Bank inks exclusive deal with Gulf Air
We are pleased to offer Al Salam Bank Visa debit and credit cardholders with exclusive discounts that will further enhance their travel experience when flying to any Gulf Air destination.
Legal, Tax, Regulation & Compliance
03/13/2017
No mergers likely in UAE’s Islamic banking industry
Shortage of Sharia scholars impending growth
03/13/2017
MetLife partners with LIMRA for globally recognised certification
MetLife, a global leading life insurance provider, has partnered with LIMRA, a worldwide research learning and development organisation.
03/12/2017
Rise of the robot: how smart assistants will help with reforms
Applying IFRS will have a direct impact on companies' credit ratings, analysts' assessments and dividend payment policies
03/12/2017
Basel III, higher local capital requirements to increase banks’costs
UAE banks typically have high capital ratios by international standards
03/12/2017
National Bank of Fujairah signs Dubai declaration on sustainable financing
NBF to contribute to UAE’s Green Agenda by leveraging its expertise and supporting entrepreneurs
03/10/2017
QCB issues instructions on fighting money laundering
Qatar has fulfilled its commitment towards international requirements in combating money laundering and terrorism financing
03/10/2017
UAE banks to take Basel capital rules in stride
Most banks in the UAE and across the GCC region are capitalised well above the new minimum regulatory requirements
03/10/2017
Conyers Wins Two Awards at the Islamic Finance News Awards
Conyers’ Dubai office, which marked its 10th anniversary in 2016
03/10/2017
Abu Dhabi Global Market And The Monetary Authority Of Singapore Collaborate To Foster Fintechh Innovation And Cross-Border Activities
The CA establishes a strategic framework for both regulators to assist start-ups and innovators to better understand the regulatory regime in each jurisdiction and provide support through the application and authorisation process.
03/09/2017
Maldives denies sale of islands to Saudi
Government denies plans to sell cluster of small islands to Saudi following opposition protests.
03/09/2017
Abu Dhabi finance regulator pens fintech agreement with Singapore central bank
Regulators could now run joint innovation projects on the use of certain technologies in the finance sector
03/09/2017
Dubai Regulator Signs FinTech Pact with Singapore’s Central Bank
Dubai looks to make a FinTech splash with Singaporean partnership.
03/08/2017
Bahrain buys Korea health system
HIRA invited international organizations such as the World Bank, the World Health Organization (WHO) and 21 countries
03/08/2017
Al Baraka Bank Egypt net income increases 93% in 2016
This enabled the Bank to propose a dividend to shareholders by 15% for the financial year 2016
03/08/2017
UAE banks fully prepared for stricter capital regime
With additional buffers, capital adequacy ratio may go up to 15.5 per cent in 2019
03/08/2017
Sukuk issuance to spur Oman’s Islamic capital market
The Islamic banking window of Bank Muscat, last week received the initial approval from the CMA to launch the first RO100mn sukuk programme.
03/08/2017
Jordan's foreign reserves up to around $13bln in 2016
The report also indicated that the accumulative credit facilities extended by licensed banks in the Kingdom increased by 8.5 per cent
03/07/2017
Legal Middle East banking and finance team wins seven awards
These awards represent well-deserved recognition of the innovative, diverse and exciting deals we have advised on across the region
03/07/2017
UAE central bank issues new rules related to Basel III
In introducing these capital adequacy regulations, the central bank intends to ensure that banks' capital adequacy is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III.