09/01/2016
Qatar's liquidity improves after $9bn bond sale
Lenders in Qatar had experienced 'extraordinary stress” this year amid the tightening liquidity and were forced to adapt their businesses to the low-oil environment, Seetharaman said in May.
Legal, Tax, Regulation & Compliance
09/01/2016
White & Case Advises Qatar Investment Authority on a US$622 Million Private Offering
ESRT is a REIT with office and retail properties in Manhattan and the greater New York metropolitan area, including the iconic Empire State Building.
08/30/2016
Saudi foreign assets drop by $6bn in July
More signs of trouble have appeared for the economy of Saudi Arabia in what appears to be a result of low oil prices.
08/30/2016
UAE policies help weather challenges
Financial report cards in the first half indicate stress on banking sector revenues, financing growth, profitability and asset quality
08/30/2016
Turkey Establishes Sovereign Wealth Fund
The Sovereign Fund and the Management Company is organized under the Prime Minister's Office, and not subject to rigorous rules applicable to governmental entities.
08/29/2016
Ithmaar Bank to close Qatar rep office
The Doha office will close down on 30 September 2016
08/29/2016
Egyptian Life Takaful-GIG to activate bancassurance deal with NBK soon
This agreement is part of the GIG's strategy to expand into bancassurance activities in the current financial year, he added.
08/28/2016
Qatar National Bank gets go-ahead to open branch in India
The Qatari bank is currently present in more than 30 countries worldwide
08/28/2016
Banks should complete documentation for loans
The Principal Loan shall be disbursed to the account of the borrower upon the completion of all the securities and documentation.
08/26/2016
Deloitte & Touche sued over alleged negligence and deceit in their audits of LCB
They say that DTME failed to adhere to Deloitte’s high global standards of integrity, professionalism and objectivity.
08/25/2016
'Weak deposits, credit to affect UAE banks' profitability'
Percentage of time deposits to total cash savings by individual customers plummets from 52% to 28%
08/25/2016
Exiled Yemen government risks humanitarian catastrophe to cut off central bank
Government opens up new front on bank as conflict stalls
08/25/2016
Lebanese Canadian Bank shareholders sue Deloitte for failing to flag up money laundering
Deloitte and Touche has been the bank’s main auditor from 1995 and remains its auditor in liquidation.
08/24/2016
Knightsbridge branch of Al Rayan Bank sees brisk business despite Brexit
The Knightsbridge branch provides its private banking customers with a high quality, personalised and bespoke banking service and a comprehensive range of Shariah-compliant financial solutions including residential and commercial real estate finance as we
08/23/2016
UAE to provide Egypt central bank with 6-year, $1 bln deposit
That ushered in a period of political turmoil that scared away tourists and foreign investors, key sources of foreign exchange.
08/23/2016
Turkish Capital Markets Association Establishing Arbitration Panels for OTC Disputes
As the Turkish OTC market grows, especially with the demand for the leveraged transactions, the need for alternative dispute resolutions similar to the ones in place within the exchange became a necessity for the OTC markets.
08/23/2016
Lebanese Canadian Bank shareholder sues Deloitte & Touche (ME)
Negligence and deceit in audit of Lebanese Canadian Bank
08/23/2016
DFSA Strengthens Regulatory Co-operation in the UAE
This agreement also builds on the agreements already signed with other UAE regulators
08/22/2016
CMA mandates transition to IFRS of listed companies
Where a plan had not been prepared, the listed entity should determine the target date for preparing the plan.
08/22/2016
UAE bank deposits fall as Brexit vote spurs withdrawals among European customers
The UAE Central Bank said that Dh6.3bn of the decline in total deposits came from non-residents, while Dh700,000 came from residents.