01/28/2015
Kuwait freezes assets of former AUB chairman
Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank.
Legal, Tax, Regulation & Compliance
01/28/2015
CISI Signs MOU with Kuwait Capital Markets Authority to Introduce Certification Standards
Financial services professionals in Kuwait to benefit from enhancements in their product and markets knowledge
01/27/2015
2015 Offshore Law Forum
Please remember to RSVP to attend our 2015 Offshore Law Forum. Senior lawyers from Conyers’ global network will review trends in our jurisdictions and topical matters for investment structures in the MENA market
01/25/2015
UAE Insolvency Law: Priority for business growth
New legislation rumoured to address financial deregulation, preventative composition of bankruptcy and bankruptcy
01/25/2015
Bank Leumi hit by lawsuit from shareholders over U.S. tax settlement
Shareholders in Israel's Bank Leumi are seeking to file a class action lawsuit worth about 475 million shekels against the bank over its handling of a U.S. probe into alleged tax evasion
01/21/2015
UAE Central Bank develops Credit Sentiment Survey
A series of multiple choice questions were addressed to a sample of Senior Credit Officers within all financial institutions
01/16/2015
2015 Offshore Law Forum
You are invited to join us at the Capital Club, DIFC for breakfast and our 2015 offshore law forum. Senior lawyers from Conyers’ global network will review trends in our jurisdictions and topical matters for investment structures in the MENA market
01/15/2015
Central bank highlights areas to issue new rules for insurance and takaful
Abdul Rahman Al Baker, executive director for financial institutions supervision at the Central Bank of Bahrain, has said that the central bank has labelled several areas in which it plans to issue new insurance and takaful rules in coming years
01/14/2015
Israel’s Bank Leumi Under Investigation After $400 Million Settlement with USA
The criminal investigations conducted by the United States Department of Justice revealed that from at least 2000 until early 2011
01/13/2015
Dentons wins ‘Cross Border Deal of the Year’ and ‘Qatar Deal of the Year’ at Islamic Finance news Awards 2014
Dentons has won two significant awards at the IFN Deals of the Year 2014
01/12/2015
Tough choice for Bank Leumi US customers
American customers with unreported accounts will now find it costly to own up, but perhaps even more costly if they don't.
01/09/2015
PASHA Bank gains regulatory approval to buy TAIB Yatirim Bank
PASHA Bank, the Azerbaijani investment bank, has received permission from the Turkish Banking Regulation and Supervision Agency (BDDK) to acquire a controlling stake in TAIB Yatirim Bank (TAIB Bank” from Aksoy Holding
01/09/2015
UAE stocks regulator weighs stricter reporting measures
The federal stock market regulator is mulling a plan to halve the period allowed for public companies to report earnings
01/07/2015
Four banned traders named by Abu Dhabi bourse
The UAE market regulator has been clamping down
01/07/2015
FNC calls on stock market regulator to review procedures
The Federal National Council called on the stock market regulator to review financing after individual investors in the UAE lost millions of dirhams in the recent turmoil.
01/07/2015
Abu Dhabi financial centre to base rules on English common law
Decision means FZ will have a legal framework similar to the existing Dubai International Financial Centre
01/05/2015
Takaful International sets annual fees
Bahrain-based Takaful International has announced fees sanctioned by its Shari’ah Supervisory Board for the financial year 2015.
01/04/2015
Regulatory framework “easy and transparent”
It is quick to set up a base in Dubai compared to other Gulf countries as the regulations are uncomplicated, transparent and straight forward
01/04/2015
Expats in trouble for iqama errors
Expats complain that their names on iqamas which do not conform to their names in their passports are making problems during official transactions, especially in banks.
01/04/2015
Turkey's central bank hikes forex reserve requirements
Turkey's central bank raised foreign exchange reserve requirement ratios on Saturday, citing the need to support financial stability amid volatility in global markets.