02/28/2017
Oman eyes large bond sale, could exceed $2bn
Investors say sultanate also plans to issue dollar sukuk over next few months
Legal, Tax, Regulation & Compliance
02/27/2017
Abu Dhabi Attorney-General orders arrest of suspects in connection with bogus investment portfolio
The Finance Public Prosecution launched their investigation on 23rd February following the arrests.
02/27/2017
Legal and regulatory framework for Islamic banking needs tightening
Gaps in prudential and accounting standards could pose systemic risks
02/27/2017
Kuveyt Turk gets nod for 2 bln lira sukuk, closes Dubai unit
No timeframe or tenor were given for a potential deal from the latest sukuk programme.
02/27/2017
DFSA Hosts Outreach on International Financial Reporting Standard 9
The event was targeted at DFSA regulated financial institutions, DFSA Registered Auditors and ICAEW members and other stakeholders and was well attended by over a 100 participants.
02/24/2017
Sweeping Law Changes Open Way For Foreign Investors
Key for expats is a provision that gives all shareholders or directors a residence visa for Bahrain.
02/24/2017
Dubai's DFSA signs MoU with European Securities and Markets Authority
The Memorandum was signed on behalf of the DFSA by Chief Executive Ian Johnston, and by the Chairman of ESMA, Dr. Stephen Maijoor, in Milan yesterday.
02/23/2017
Ex-KWM partners asked to cough up money for lawyers and support staff suffering undue hardship
It’s been revealed 288 former KWM EUME employees will be taking legal action over the firm’s demise.
02/23/2017
CMB Shakes the FX Market and Tweakes the Public Disclosure Regime
The CMB has tightened FX transactions by decreasing the leverage ratio and increasing margins to enhance investor protection in the Turkish FX market.
02/22/2017
Nasdaq and Borse Dubai Sign Landmark Market Technology Deal
This infrastructure renovation is expected to be completed by early 2019 and will pave the way for various enhancements in DFM
02/22/2017
Abu Dhabi financial law underscores transparency
The monitoring of financial performance also fall under the law’s reach.
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.
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