04/23/2017
Europe’s financial new regulatory environment: Is the Middle East ready?
MiFID ll will have a significant impact on the entire trading life cycle
Legal, Tax, Regulation & Compliance
04/23/2017
Banque Misr to sign $500m loan agreement with China Development Bank
The bank has opened its representative office in Guangzhou in the framework of its expansion plan outside the Egyptian market.
04/21/2017
Foreign investors expect swift realization of pledged reforms
Right after the referendum, members of the Turkish business world highlighted that investors now see more clearly a positive financial outlook and the result ensured predictability for investors.
04/20/2017
IMF lowers economic forecasts for Egypt and Saudi Arabia
The report predicted that the country’s growth will rebound to 4.5 per cent in 2018, close to the new target set by Cairo in its budget.
04/19/2017
UAE advisers must adapt to regulatory truth
The advisory industry and survival will require the interests of customer, distributor and provider to become more aligned.
04/19/2017
Kuwait's embassy in Washington holds dinner banquet for Speaker AlGhanim
The Global Parliamentary Conference which is coorganized by theInternational Monetary Fund and the World Bank.
04/18/2017
Abu Dhabi Securities Exchange: Blockchain is Most Innovative Technology For Digital Transactions
The settlement of cross-bank and cross-border transactions is expensive, slow, opaque and insecure.
04/18/2017
Your Taxes: Why the Banks are Cranky
In March 2014, the Bank of Israel issued an instruction to Israeli banks to comply with FATCA.
04/17/2017
Qatar Financial Centre widens platform for investment clubs and foundations
The Qatar Financial Centre has announced the introduction of a legislation to allow Investment Clubs and Foundations to be set-up under its umbrella.
04/13/2017
Diamonds in Dubai
Money laundering is surely one of the most persistent and pervasive risks faced by banks. The practice is said to be just as common in the Middle East as anywhere else. So how do financial institutions there train their staff to deal with this threat?
04/12/2017
DFSA Censures Individual for Misleading Conduct
It is imperative that it receives information which is true, precise and complete.
04/12/2017
First Abu Dhabi Bank cuts up to 20 jobs in global markets -sources
Those who do not qualify are asked to apply for junior roles and are asked to leave if they do not make the cut, the source said.
04/11/2017
CC, Dentons, DLA and Hogan Lovells among firms up for top prize at Middle East Legal Awards
The shortlist, which is unveiled today (10 April), showcases the region’s top lawyers and legal departments.
04/10/2017
3i Infotech successfully implements Kastle ULS for Gulf Lifting and Finance Leasing Company in record time
The application supports business lines across commercial finance, consumer finance, home equity, project financing, Islamic finance and micro financing.
04/09/2017
Creditors pursue legal action against Dubai’s Pacific Controls
Several of the roughly 19 banks that have exposure to the company have now asked for court consent to seize its data centre in Dubai and other assets.
04/07/2017
Britain to extradite former head of Kuwait's social security fund- media
Al-Rajaan faced accusations including embezzlement of public funds, betrayal of public trust and money laundering related to when he was the head of Kuwait's Public Institution for Social Security.
04/07/2017
MP queries on deposits in local, foreign banks by KIA and PASS
The lawmaker has asked for a statement from the minister on the size of the funds deposited in local and foreign banks over the past five years, the interest accrued and the currency of deposits.
04/07/2017
BKIC mandatory offer for Takaful International
Bahrain Kuwait Insurance Company BSC’s acquisition of 14,220,448 of Takaful International Company resulted in a total shareholding of 63.69 per cent of the company.
04/07/2017
Oman says banks should be extra vigilant on property, personal loans
Oman finances have been hit hard by the plunge in fuel prices since 2014
04/07/2017
QIA sells stake in Santander Brasil worth $737m
Investors paid 25 reais each for the 80 million units initially offered as well as for the extra allotment of 12 million units