03/20/2015
Sri Lanka says US$1b stashed in Dubai
Sri Lanka said it had traced more than a billion US dollars in public funds allegedly stolen by members of the former regime to a bank in Dubai
Legal, Tax, Regulation & Compliance
03/19/2015
Dentons advises Sumitomo Chemical on the US$8 billion Petro Rabigh and petrochemical complex expansion
This is a landmark project and we are delighted to see it achieve financial close
03/18/2015
DIFC sees 18 per cent growth in companies and 15 per cent increase in leased office space for 2015
Dubai International Financial Centre today announced results for 2014 that were the second strongest ever since its inception in 2004.
03/16/2015
World Bank praises Saudi Arabia for fighting graft
World Bank Vice President for Integrity Affairs Leonard McCarthy praised Saudi Arabia’s efforts in its fight against corruption
03/16/2015
Central Bank Bahrain Treasury Bills oversubscribed 180 per cent
The Central Bank of Bahrain (CBB) announces that this week's BHD 70 million issue of Government Treasury Bills has been oversubscribed by 180 per cent
03/16/2015
Gulf allies' cbank funds to arrive in Egypt within days -cbank head
Central bank deposits that Egypt's Gulf allies pledged at an investment summit will arrive in the country within days, the state news agency quoted central bank governor Hisham Ramez as saying on Monday.
03/15/2015
'Remuneration requirements for banks – a global comparative analysis' - Norton Rose Fulbright
This guide is the third in a series that Norton Rose Fulbright has produced on structural banking reform
03/13/2015
Lebanese government approves banking control commission
Five-member panel will evaluate financial soundness of all regulated entities
03/12/2015
Holborn confirms UAE authorisation following absence from IA list
In October last year, the IA introduced a host of new costs and requirements for brokers operating in the UAE.
03/12/2015
Sri Lanka’s ‘Stolen wealth’ uncovered in Ukraine, UAE and Switzerland
The investigation is said to be ongoing
03/12/2015
On Eve of Conference, Egypt President Passes Investment Laws
The former military chief has stressed that improving Egypt's economy, which has been gutted after years of turmoil, is his top priority.
03/11/2015
Subsidies cut for expats proposed
COSTS could go up for expats and the private sector as Bahrain seeks to offset a projected shortfall in revenues, driven in large part by lower oil prices.
03/10/2015
Multiple vacancies with UAE Central Bank; jobs open to all nationalities
Closing date for receiving job applications for listed vacancies March 31, 2015
03/10/2015
Gulf Air signs deal with Ithmaar Bank
The agreement was signed by Gulf Air acting chief financial officer Sahar Ataei and Ithmaar Bank general manager for retail and private banking Abdul Hakeem Al Mutawa.
03/08/2015
Call for strict control ‘measures’ in banks
Al-Tureiji questions finmin
03/06/2015
Tight regulation in Qatar ensures stability
A convergence of factors is ensuring stability, growth and, most importantly for oil-dependent nations, sustainable diversification of the economy
03/05/2015
Bank of Beirut UK unit fined for misleading UK regulator
The Bank of Beirut repeatedly provided the regulator with misleading information after it was required to address concerns regarding its financial crime systems and controls.
03/04/2015
Global law firm opens fully integrated office in Saudi Arabia
The firm has further formalised its existing offering in Riyadh with the opening of its fully integrated office.
03/04/2015
Norton Rose Fulbright advises HSBC, Mashreqbank and Arab Banking Corporation in relation to a US$340 million term and revolving facilities for Bahrain Steel
The Norton Rose Fulbright team was led by Dubai partner Matthew Escritt, assisted by senior associate Martin Botik (Dubai).
03/04/2015
Saudi Market Regulator Says Suspects Insider Trading In Mobily Shares
The firm slashed its profits for 2013 and the first half of 2014 by a combined $381 million, citing accounting errors