02/25/2015
Ex-Leeds United managing director applies for private prosecution over 'deceitful' Dubai incarceration
I have now been held approaching 300 days without questioning, charge or trial
Legal, Tax, Regulation & Compliance
02/24/2015
Watchdog warned over possible penalty for Bank Asya action
If the meeting is not held soon, we will be obliged to pay compensation
02/23/2015
DIFC Drives 'Dubai Forward'
Dubai International Financial Centre (DIFC), the international financial centre for the Middle East, Africa and South Asia region, announced today its sponsorship of Dubai Forward
02/23/2015
Kuwait bank manager accused of embezzling $2.76m
No further details of the alleged crime were revealed.
02/23/2015
Alexander Granovsky faces Israel lawsuit over bank debt
To this end, the bank has hired the services of Adv. Alon Pomeranc, head of the litigation department at the firm of Lipa Meir & Co.
02/22/2015
UAE Foreign Minister Visits New Zealand, Talks FTA, Signs Agreements
They discussed the scope of new opportunities to support the bilateral relations in more fields to serve the common interests of the two countries and peoples, reports Gulf News.
02/19/2015
Outlook on four Saudi Arabian Banks revised Negative after Sovereign outlook action
Standard & Poor's Ratings Services said today that it has revised its outlooks on four Saudi Arabian banks to negative from stable; Al Rajhi Bank, The National Commercial Bank, Riyad Bank and Samba Financial Group.
02/19/2015
Global law firm continues development in Middle East
The firm has announced several developments to its Middle East practice in support of its continuing investment in the growth of its capability across core sectors of focus and positioning as a leading law firm for international commerce.
02/19/2015
Free trade agreement between UAE and Switzerland this year
Top Swiss official says she is not alarmed by HSBC scandal and the banking sector is doing good
02/16/2015
Shearman & Sterling Advises Qatar Investment Authority on Offers for Canary Wharf Group
Shearman & Sterling is also advising QIA and Bidco on the follow-on £4.1 billion mandatory cash offer for the entire issued share capital of CWG which is not already held by Songbird
02/11/2015
Shuaa Capital unit eyes Saudi leasing market with new licence
Last week, Shuaa Capital said it would seek a stand-alone public rating for its business of lending to smaller companies
02/11/2015
Capital Intelligence affirms Arab Jordan Investment Bank’s ratings
The Bank's Financial Strength Rating (FSR) is affirmed at 'BBB'
02/11/2015
Abu Dhabi Global Market draft rules reviewed by King & Spalding Middle East & Islamic Finance Group
The stated aim of the Real Property Regulations is to reflect a modified “torrens”- type real property registration regime for Al Maryah Island similar to a number of other jurisdictions including Australia, Canada, New Zealand, Ireland, Singa
02/09/2015
ADCB property unit in ISO recertification success
This recertification (first iissued in 2008) demonstrates ADCP’s effective quality management system to guide and govern its operations, said a statement from the UAE company.
02/08/2015
Dubai Islamic Bank Partners with SAS to Combat Money Laundering
SAS, the leader in business analytics software and services, announced its collaboration with Dubai Islamic Bank to help prevent money laundering among the bank's customers.
02/08/2015
Pinsent Masons' Islamic Finance practice thriving with award win
According to EY's World Islamic Banking Competitiveness Report 2014-15, the industry is expected to see significant growth over the coming years
02/07/2015
UAE Banks Federation adopts Customer Charter
The UAE Banks Federation has adopted a set of clear guidelines to provide bank customers in the UAE with the standards of service they can expect from their banks.
02/05/2015
New solvency standards among updated regulations for UAE traditional and Islamic insurers
Insurers operating in the United Arab Emirates (UAE) will be among the first to adopt new solvency standards
02/05/2015
Bahrain plans Islamic finance sector watchdog
The Central Bank of Bahrain (CBB) is drafting legal documentation to set up a sharia board of scholars that would oversee the kingdom's Islamic finance sector
02/05/2015
Dentons advises on US$200 million Shariah-compliant syndicated facility to Ajman Bank
Dentons has advised a consortium of banks led by Islamic bank Al Hilal Bank , based in Abu Dhabi, on a US$200 million Shariah-compliant syndicated facility.