11/04/2015
Qatar regulatory changes present risks and opportunities for CFOs, says ICAEW
Armstrong: Senior business managers need a good understanding of the risks and challenges facing their businesses.
Legal, Tax, Regulation & Compliance
11/04/2015
UAE signs agreement on exchange of information for tax purposes with Norway
The visit aimed to explore ways of developing and promoting the technical partnership as well as exchanging experience on financial and economic affairs between the two parties.
11/03/2015
Bahrain mulls bonus clamp for corporate heads
Bonuses paid to corporate board heads and members of state-owned companies in Bahrain are to be regulated, a report said.
11/03/2015
BNP Paribas ‘wet ink’ slip-up leads to US$650m suit
The French lender’s failure to follow local regulations resulted in a costly lawsuit after the bank missed out on a crucial procedure in Saudi Arabia
11/02/2015
Egypt's Banque Misr to complete $250 mln 3-yr loan in Dec -chairman
The Banque Misr loan will pay a margin of 3.2 percent
10/30/2015
Bank Sohar, Bank Dhofar appoint consultants for due diligence in merger process
Bank Sohar appoints consultants to proceed with due diligence process as merger talks with Bank Dhofar continue.
10/30/2015
Omani sovereign wealth fund calls in Freshfields to sue Bulgaria
The fund held a 30% stake in KTB
10/29/2015
GIB continues to expand its international network
The Abu Dhabi office has enjoyed continued growth since its beginnings as a GIB subsidiary in 1990, and its upgrade to a wholesale branch will launch an active franchise in the GCC.
10/29/2015
GGC financial committee to meet in Doha
The panel will draw up in their preparatory session the agenda of the upcoming meeting of the GCC Financial and Economic Committee.
10/29/2015
UAE Central Bank says lenders ‘increasingly risk averse with businesses’
This was evident in the reported tightening of credit standards pertaining to collateralisation requirements and premiums charged over riskier loans.
10/28/2015
Herbert Smith Freehills to reopen in Saudi Arabia
HSF, which entered the Gulf in 2007 with offices in Abu Dhabi and Dubai, has struggled for growth in the Middle East and wants to reposition its standing in the hope of attracting greater volumes of projects and infrastructure work.
10/26/2015
Alkhabeer Capital partners with Al-Zamil & Al-Kharashi Law Firm to develop waqf endowments
The agreement provides for synergy between Alkhabeer Capital and Al-Zamil & Al-Kharashi Law Firm in the creation and regulation of waqf solutions.
10/26/2015
600 regulators for Abu Dhabi summit
Najjar noted that compliance officers have to develop stronger working relationships with regulators
10/21/2015
Abu Dhabi Global Market, World's Newest Financial Centre, Officially Open for Business
ADGM's Financial Services Regulatory Authority is ready to receive applications from financial institutions
10/20/2015
ICAEW: UAE banks should consider assurance of capital numbers
Earlier this year the UAE Central Bank implemented a set of new regulations on liquidity risk management for the banking sector to ensure compliance with Basel III rules.
10/20/2015
Takaud signs consultancy deal with Sicura Fortuna
Headquartered in Bahrain, Takaud provides savings and pensions solutions to individuals and corporations in the local and expatriate communities across the Mena region, said a statement.
10/19/2015
Succession Planning in the Middle East by David Dorgan, Appleby
David Dorgan highlights the reasons for family businesses not being transitioned and the unique challenges, issues of culture, personality and hierarchical structures that can make succession planning for Middle Eastern families complicated.
10/19/2015
Dubai Courts signs with Avaya
The Dubai Courts and Avaya today announced the signing of a strategic contract that will see the Dubai Courts implement a range of Avaya solutions, including Unified Communications, a revamped contact centre, video conferencing, and Avaya Scopia, a web-ba
10/18/2015
New insolvency law a safety net for SMEs, banks
A well-defined legal regime will give entrepreneurs a chance to get back on their feet while helping lenders cope with business failures
10/18/2015
Dubai acts to reassure international property investors over Sharia’s impact on inheritance
The UAE Court process in relation to inheritance and succession matters is often a time-consuming, complex and costly procedure.