10/30/2015
Omani sovereign wealth fund calls in Freshfields to sue Bulgaria
The fund held a 30% stake in KTB
Legal, Tax, Regulation & Compliance
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.
10/16/2015
Compliance risk and third party engagement in the Middle East region
Good compliance both protects and helps business.
10/13/2015
Insurance Authority to launch new regulations by 2016
New rules for insurance of vehicles to be launched this year
10/12/2015
Most Middle East recruiters expect new jobs in next 6 months
35% of recruiters expect the bulk of hiring to take place in construction sector
10/11/2015
Emirates NBD Dubai Economy Tracker™
Dubai's private sector firms continue to experience robust growth in September, but employment levels increase only marginally
10/07/2015
Iranian prosecutor asks for seizure of tycoon’s wealth in corruption case
The deputy prosecutor said the swift system came to an end after sanctions had been imposed
10/07/2015
Islamic banks in Lebanon need new rules-Al Baraka
Al Baraka Bank Lebanon , a subsidiary of Al Baraka Banking Group, expects its profits to grow by 7-8% this year to nearly USD 1 million, he added.