11/20/2014
Qatar has approved draft legislation that increases the regulatory burden on small businesses, weeks after the Gulf state fell 11 places in a World Bank ranking of the best places to start a company.
11/20/2014
That new legislation also removed the right to appeal, but stated bureaucrats must respond to applications within one working day.
11/19/2014
Kuwait Central Bank: No Restrictions On Foreign Derivatives Trading
The central bank clamped down on derivatives trading in 2008 as Kuwaiti banks were hit hard by the debt problems of local investment firms.
11/18/2014
The reputation of international banking is under scrutiny once again over another scandal, this time in the foreign currency trading sector.
11/17/2014
United Arab Bank the fastest growing bank in the UAE, has signed an agreement with the Nationals' Defaulted Debts Settlement Fund to settle the debts of Emirati customers incapable of fulfilling their liabilities to the bank.
11/17/2014
AAOFI sees itself as the leading standard setter for the global Islamic finance industry
11/16/2014
Leading UAE law firm Baker & McKenzie Habib Al Mulla has advised Hasan Ismaik, the former CEO of the Dubai-based and DFM-listed construction firm, Arabtec, on the sale of a significant stake in Arabtec to the Abu Dhabi state fund, Aabar Investments PJ
11/14/2014
The 2018 and 2022 FIFA World Cups will go ahead in Russia and Qatar as planned after the ethics committee of football's governing body said it could find no grounds for reopening the controversial bidding processes.
11/14/2014
The hack resulted in the theft of data on cards and related bank accounts, Europe’s biggest lender said in an e-mailed statement.
11/13/2014
Barclays sued by Saudi developer for $10 billion
Barclays believes the claim is without foundation and will vigorously defend it
11/13/2014
H.E. Abdul-Aziz Al-Ghurair, CEO of Mashreq, commented, “We are proud to be the first Bank in the Middle East to establish this Corporate Alliance with ACFE.
11/12/2014
Al Ruwayeh & Partners wins 'Banking and Finance Legal Team of the Year' Award
The firm has been consistently rated as the leading corporate and commercial law firm in Kuwait by reputable legal guides such as the Chambers Global Guide, International Financial Law Review and the Legal 500.
11/12/2014
Islamic finance body picks up pace with new standards
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions has issued two new shariah standards, revised three others and said it will review at least five more in coming months.
11/12/2014
Latham & Watkins advises on the Middle East’s largest ever IPO
The Law Office of Salman M. Al-Sudairi in association with Latham & Watkins LLP advised The National Commercial Bank (NCB) on the $6 billion (SAR 22.5 billion) initial public offering (IPO) of 25 percent of its shares at an offer price of SAR 45 per N
11/11/2014
Saudi Arabia's capital market regulator will introduce rules for credit rating agencies next September, part of reforms aimed at modernising the financial sector of the world's top oil exporter.
11/10/2014
First Investment Crowdfunding Platform to Stumble on General Solicitation Requirements
11/07/2014
“Large Swiss banks are managing accounts belonging to thousands of Israelis holding millions of euros,” the authority said in an emailed statement Wednesday. “The suspicion is that most of the money in the accounts hasn’t been repo
11/05/2014
Permanent Committee for Streamlining Business Environment made major steps towards improving business media in the country, Kuwait Foreign Investment Bureau Director General Sheikh Dr. Mishaal Jaber Al-Ahmad Al-Sabah said Monday.
11/05/2014
As a result, every US passport holder living in Kuwait is now responsible to pay taxes to the IRS
11/05/2014
Premier client’s personal adviser loses appeal in embezzlement case
The Dubai Appeal Court rejected M.H.’s appeal and upheld the five-year imprisonment against him.