02/21/2017
Bahrain's SICO announces 2016 results
Basic earnings per share in 2016 were Bahraini fils 5.5 versus 6.6 fils for the previous year.
Legal, Tax, Regulation & Compliance
02/20/2017
UAE's Gulf Navigation reaches deal with DVB, BNP Paribas and DNB
The settlement relates to VLCCs sold in 2014 financed by the VLCC syndicates.
02/20/2017
Maktoum bin Mohammed officially opens Bank of Singapore’s branch in DIFC
The branch is helmed by veteran banker Kirit Chauhan and supported by a team of 75 employees.
02/19/2017
Bahrain's Ithmaar Bank enhances service to customers with special needs
“The training sessions were developed by specialised experts specifically to meet the requirements of hearing disabled bank customers,” said Rahimi.
02/17/2017
OurCrowd gets funds, partnership with Taiwan’s bank
Partnership will open door for investments to and from China and assist strategic deals between companies
02/17/2017
Dubai expected to issue dollar bond this quarter- sources
The size of the deal is likely to be larger than a benchmark issue, which conventionally means upwards of $500 million, the same source said.
02/17/2017
UAE Foreign Ministry Strategy Includes Establishment of Export-Import Bank
The vision calls for cooperation and peaceful existence with other cultures so as to realize prosperity that benefits all people.
02/16/2017
Why 28% Inflation May Still Not Warrant an Egypt Rate Increase
The pound has since lost almost half of its value while consumer prices soared, with annual inflation reaching 28 percent in January.
02/16/2017
MPs Gradually moving towards solution
MPs decided to revive the case in an open debate
02/16/2017
Dubai: A Place to do Business
Mainland License entities are permitted to conduct business within the mainland as sole Proprietorship, Partnership and Limited Liability Company
02/15/2017
Banking System Employs AML, CFT Measures
In June, the international group that monitors money laundering worldwide decided to keep Iran on its blacklist of high-risk countries
02/13/2017
Consortium acquires billion dollar stake in Arab Bank Group
A consortium of investors have purchased a 20 per cent stake worth $1.12 billion in Jordan’s Arab Bank Group.
02/13/2017
Baker McKenzie law firm advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab Bank Group from Oger Middle East Holdings
A consortium of investors bought a 20 percent stake in Arab Bank Group for $1.12 billion.
02/13/2017
Six Gulf nations aiming for simultaneous VAT adoption in January: UAE official
Asked whether some sectors in the UAE might be exempt from the tax to reduce the drag on the economy.
02/13/2017
UAE federal debt management law set for this year
GCC governments, as well as related entities and companies, have been ramping up bond sales in international markets
02/13/2017
Baker McKenzie advises on stake buy in Arab Bank
The bank has assets of more than $46 billion, with 600 branches on five continents.
02/13/2017
DFSA Launches Second Consultation into Crowdfunding Framework to support SME Financing
The growth of this market accelerated in the wake of the 2008 financial crisis when access to traditional funding sources became constrained.
02/12/2017
Turkish hacker behind $45m Oman, UAE cyber heists gets 8 years
Hackers targeted databases those companies maintained for prepaid debit cards
02/10/2017
Client Choice Awards 2017
This award would not be possible without the support of my dedicated team consisting of ten brilliant, young, energetic, intelligent lawyers - the best lawyers I have ever worked with.”
02/10/2017
Claimants request more time in Deloitte Middle East legal case
DIFC Courts must decide whether it can hear Nest Investment and others’ allegations against a ‘Big Four’ regional offshoot