05/18/2015
Global banking regulations pose threat to money exchanges
The support of local banks is an important element in money transfer business
Legal, Tax, Regulation & Compliance
05/18/2015
ADIF to guarantee deposits of Turkish bank
The bank plans to start operations in Azerbaijan in June. Currently, a preparatory work is underway.
05/17/2015
NEC lawyers in Dubai to file for return of funds
The Sunday Guardian learned that in 2011, the siphoning of funds was done using a procedure
05/17/2015
Deloitte presents the 2015 Media Predictions for the Middle East as the official Media Partner at the Arab Media Forum
Deloitte has presented the 2015 Media Predictions for the Middle East at the Arab Media Forum, from its 2015 Technology, Media & Telecommunications Middle East Predictions report, launched in March. The report reveals the latest trends and emerging is
05/14/2015
Iran's Future Bank appeals Bahrain decision to take it over
In March 2008, the U.S. Treasury imposed sanctions on Future Bank, blocking transfers of its assets.
05/13/2015
GFH wins legal case amounting to $90.64 million against its ex-Chairmen
GFH would like to inform its shareholders and the markets that the Bahrain Chamber for Dispute Resolution has issued its verdict on 12th May 2015 in favor of GFH on a legal case against two of its ex-Chairmen.
05/12/2015
International law firm leads on debut Rule 144A/Reg S bond issue
Dubai-based partner led the Dechert team
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