12/06/2016
SDIF starting to repay depositors of Bank Asya
This announcement follows Şakir Ercan Gül's, the Chairman of the SDIF, statement on November 5, 2016 that the customers of Bank Asya will be compensated.
Legal, Tax, Regulation & Compliance
12/05/2016
SBI merger with its associates to result in consolidation of GCC operations
The detailed merger plan, including financial implications, are being vetted by the Reserve Bank of India
12/04/2016
Switzerland eyes AEOI with 21 countries
The introduction of the AEOI confirms Switzerland’s international commitment to implementing the AEOI standard
12/04/2016
QFC sucessfully concludes asia roadshow in Japan
Japanese businesses attending the high level event had the opportunity to discuss the outlook for investment in Qatar and the Middle East
12/01/2016
Al Salam Bank, Eskan Bank sign deal to offer property financing to projects in Bahrain
We are delighted in signing our partnership with Al Salam Bank-Bahrain that will help in facilitating the citizens of Bahrain with property financing options to purchase adequate housing units.
11/30/2016
Financial services firms prepare for CRS implementation
Common Reporting Standard to come into effect from 2018
11/28/2016
Spain, Qatar eye $1 bln Latam investment fund signing in 2017
The QIA has in recent years been seeking to diversify its portfolio away from European assets, announcing in 2014 it would put $20 billion into Asia.
11/28/2016
Kuwait's Al Ahli Bank rebrands subsidiary in Egypt
J.P. Morgan acted as financial advisor on the deal, with Ernst & Young acting as transaction and tax advisor.
11/25/2016
Central Bank imposes fine on Jordan Kuwait Bank (Cyprus branch)
The Central Bank of Cyprus has decided to impose sanctions in the form of a fine on Jordan Kuwait Bank for failure to comply with certain provisions
11/25/2016
United Arab Emirates: Game-Changing Regulation For The UAE's Life Insurance Industry
The Life Regulations have the potential to fundamentally change the way life products are priced
11/25/2016
MoF signs two agreements on the avoidance of double taxation and the protection and promotion of investment with Saint Kitts and Nevis
The agreements also strengthen and provide full protection for investments.
11/25/2016
France instructs retailers to label Israeli settlement products
The new regulations are in accordance with the November 2015 European Commission guidelines to label Israeli settlement products
11/25/2016
Banking sector stays healthy on capital and low delinquency, says Sheikh Abdulla
The banking sector in Qatar remained healthy overall, with high capital ratios and a low level of delinquent loans.
11/24/2016
DFM and Dubai Courts Sign MoU to Streamline Legal and Judicial Cooperation
The MOU formalise ongoing cooperation and allows Dubai Courts to directly connect with DFM's electronic services platform.
11/24/2016
Privatisations are a tricky fourth leg of Egypt’s reforms
Yet there is still one major leg that promises to have far-reaching effects and might prove not to be so easy: privatisation.
11/23/2016
Bank of Singapore receives regulatory approval to open a branch in Dubai international financial centre
License allows Bank of Singapore to extend private banking services to its clients in the region. Move further strengthens DIFC's position as growing global financial gateway, enabling business to flow across the South-South corridor.
11/23/2016
King & Wood Mallesons’ European, Middle East Arm Considers Merger
In this division, the firm has 130 partners and more than 500 lawyers altogether.
11/23/2016
Emirates NBD Asset Management announces strong returns on global strategies following successful partnerships
Emirates Emerging Markets Equity Fund, sub-advised by Jupiter Asset Management, has outperformed the MSCI Emerging Markets Islamic Index by over 6%
11/22/2016
Thomson Reuters named benchmark administrator, agent for Saibor
Thomson Reuters will work closely with participants in the Saudi Arabian banking industry where appropriate
11/22/2016
McLaren names Kanoo retail partner for Bahrain
The state of the art facilities at the Kanoo Performance Centre that will be at the forefront of all McLaren service interactions