02/19/2016
Iran's Bank Mellat to pursue damages against Britain after winning EU ruling
The court rejected an appeal brought by the bloc against a lower court ruling.
Legal, Tax, Regulation & Compliance
02/18/2016
DIFC adds 309 new firms in 2015
The global financial services hub also seeks to double the amount of leased space from 2.5 million sq ft in 2014 to 5.5 million sq ft in 2024 with its workforce projected to reach 50000 as per its 2024 strategy
02/17/2016
Egypt cancels key investment forum after 'investor reluctance': Report
The report comes less than a week after the head of the World Economic Forum cancelled the MENA forum due to safety concerns
02/17/2016
UAE money exchangers raise sector growth worries with central bank
There are around 140 money exchange houses in the UAE, a country of about 9 million people.
02/17/2016
Egypt: Banks introduce restrictions on dollar use abroad
Banks have the right to limit dollar use, in light of the lack of foreign currency in the market
02/17/2016
House passes draft law on legal fees
Al Badi was assuring the members of the council that legal fees were affordable before a draft law was passed.
02/17/2016
Jersey Signs Memorandum of Understanding with Abu Dhabi Global Market
The MoU will allow the JFSC and ADGM to exchange confidential regulatory information and co-operate with each other regarding the supervision and regulation of financial systems under their respective authority.
02/16/2016
Saudi Arabia looks to ease tightening liquidity in banking system
That threatens to slow economic growth; the three-month Saudi interbank offered rate has jumped to 1.73 percent
02/16/2016
Dentons: growing DCM opportunities in Oman
Dentons partnered with The Gulf Bond and Sukuk Association and Standard Chartered Bank in Muscat recently to co-host a gathering of senior government officials and leaders in the corporate, finance, legal and regulatory markets. Speakers examined what Deb
02/15/2016
Clifford Chance drives Saudi healthcare deals
The Firm's strength in the Saudi market was further confirmed at the recent IFLR Middle East Awards where Clifford Chance was awarded Saudi Law Firm of the Year in 2015 for the tenth year in a row
02/15/2016
International law firm advises on over US$2 billion of funding for Saudi Electricity Company
Is well equipped to provide international and Saudi lenders as well as Saudi companies with on-the-ground expert support
02/13/2016
Abu Dhabi Global Market Signs Operational Agreement with UAE Central Bank
Abu Dhabi’s new financial free zone has signed an initial agreement with the UAE Central Bank, enabling the governance and information sharing to operate the zone.
02/10/2016
Gulf sukuk body stresses debt capital market opportunities
The pricing of these issuances also helps in developing a yield curve which could be a benchmark for other interest rates.
02/10/2016
Dispute resolution developments in Abu Dhabi
The forum also examined the newly opened Abu Dhabi Global Market in the context of its future potential for dispute resolution in the Emirate through arbitration.
02/09/2016
Challenging times for Qatar banks, but outlook positive, says KPMG
Banks in Qatar have been relatively cautious in terms of their SME lending as they are factored in the riskiness of this sector, which is high risk and high return.
02/09/2016
Saudi billionaire denied diplomatic immunity in UK maintenance battle
Judge finds Sheikh Walid Juffali’s defence that he was shielded from courts ‘spurious’ in dispute with ex-wife Christina Estrada
02/08/2016
New Saudi Arabia Companies Law: Effective 2016
The new Companies Law was published by the Ministry of Commerce and Industry (MOCI) on 9 November 2015
02/08/2016
Conclusion of a Service Level Agreement between Abu Dhabi Securities ExchangeAnd the Statistics Center-Abu Dhabi
Abu Dhabi Securities Exchange concluded a service level agreement with the Statistics Center of Abu Dhabi.
02/07/2016
NAJIB'S Arabian Nightmare Begins
In Saudi Arabia, Foreign Minister Adel al-Jubeir said that he accepted the attorney general’s opinion that there had been no wrongdoing, but he also said that he did not think that the money had come from the Saudi government or that it was a politi
02/07/2016
Rising from the ashes? The UAE's insolvency dilemma
It is for these reasons, and more, that the UAE government has yet to ratify a new bankruptcy law that would enable companies to adopt and implement a recovery strategy under the supervision of the courts.