05/12/2015
International law firm leads on debut Rule 144A/Reg S bond issue
Dubai-based partner led the Dechert team
Legal, Tax, Regulation & Compliance
05/12/2015
Prosecutors: Newport man promised In-N-Out franchises in Middle East, scammed investors out of $4 million
A Newport Beach man is facing federal fraud charges after authorities say he scammed investors out of more than $4 million by convincing them to bankroll nonexistent In-N-Out franchises in the Middle East.
05/11/2015
Abu Dhabi waits on new regulations to replace its abandoned rents cap
With rents in the city rising steadily over the past 18 months, stories abound of some long- term tenants facing demands from landlords for yearly rent increases of as much as 50 per cent.
05/08/2015
Conyers’ Fawaz Elmalki named as industry leader on MENA FM’s Power 30 List
The publication cited Fawaz for his “formidable expertise in conventional, alternative and Shari’a-compliant funds”
05/07/2015
Clearer regulation key to future Dubai success
Participating firms were Investors Trust Assurance, Nedbank Private Wealth and Hansard International.
05/06/2015
Global law firm Expands Capital Markets Practice
Global law firm has been actively supporting clients in the GCC states for more than 50 years.
05/05/2015
CBO refutes currency depreciation rumours in Oman
He affirmed that the Omani economy is flexible and liberal
05/05/2015
Saudi Arabia sets rules for foreign investment in its stock market
The stock market will open to qualified foreign investors on June 15
05/04/2015
Private banks flock to Gujarat IFSC
With the RBI issuing a liberal regulatory framework for operating bank branches, State Bank of India, Yes Bank and Kotak Mahindra Bank have announced plans to buy space at the Gujarat International Finance Tec-City (Gift City) in Gandhinagar.
05/04/2015
Saudi finalises rules for foreign opening of equity markets
The $550b equities market will open up for foreign investors from June 15
05/04/2015
Simmons & Simmons advises Vodafone Qatar on switch to Islamic finance
We expect other leading international and regional corporates to follow suit
05/03/2015
Bahrain Central Bank Puts Bank, Insurer Into administration
the central bank did not elaborate on why it took the action against Future Bank and Iran Insurance Co.
05/01/2015
Egypt’s crackdown on dollar black market cripples importers
The central bank has now barred monthly dollar deposits at 50, 000, while at the same time allowed the Egyptian pound to depreciate by over six percent.
05/01/2015
Saudi central bank says would welcome insurance mergers
Saudi Arabia's central bank would welcome mergers among local insurance companies as long as they were positive for all parties
04/30/2015
Awal Bank wins $700m judgement
A Bahraini bank has won a massive payout from a Saudi businessman described as "one of the biggest monetary judgements ever awarded in the GCC"
04/30/2015
Norton Rose Fulbright advises on $235 million loan to Hassan Mohamed Jawad & Sons
Global legal practice Norton Rose Fulbright has advised the mandated lead arrangers in relation to a multicurrency US$215,000,000 term facility and US$20,000,000 revolving facility to Hassan Mohamed Jawad & Sons B.S.C.
04/30/2015
Bahrain central bank puts Iran-linked bank, insurer into administration
It said it wished "to reassure both the local and international financial community that this measure is an isolated incident and will not impact any other bank or insurance company in the kingdom.
04/29/2015
International law firm promotes two new counsel in the Middle East
"We are delighted to promote Tariq and Robin, two rising stars in the Middle East legal market.
04/29/2015
Latham & Watkins advises on inaugural Sukuk issuance by Noor Bank
The Certificates have been admitted to trading on NASDAQ Dubai.
04/28/2015
David Haye arrested at Dubai airport: British boxer 'accused of fraud with passport seized'
As a result of his extended stay in Dubai, Haye had to bow out of a BAMMA mixed martial arts event in Birmingham on 25 April