08/22/2014
The much awaited entry of foreign investors into the GCC’s most liquid stock exchange is welcomed, Saudi Arabia's financial regulator issues new draft proposals for overseas investors with a 10% cap for institutions.
08/22/2014
Kuwait's Khorafis win Dubai judgement against Swiss bank
No figure for compensation was set but the family has been claiming over $26.5 million.
08/22/2014
The British-based bank will be liable to legal action by the account owners “because of the material and moral damage which is falling on them
08/22/2014
In a precedential opinion, a three-judge panel upheld a ruling in favor of Standard Chartered Bank concluding that the New York court’s decision recognizing a judgment entered against Ahmad Hamad Al Gosaibi & Brothers Co. in Bahrain.
08/22/2014
DIFC court rules in favour of Al Khorafis
08/22/2014
The UAE Central Bank warned Standard Chartered it could become the subject of lawsuits for “material and moral damage” as a result of the closure of an estimated 1,400 to 8,000 client accounts in the region.
08/20/2014
If a bank fails to live up to its commitments, there should be consequences
08/20/2014
If a bank fails to live up to its commitments, there should be consequences
08/19/2014
International law firm bolsters Middle East Corporate offering
International law firm today announced that it has strengthened its corporate and commercial offering with the addition of three lawyers who will further bolster the employment, corporate and intellectual property teams
08/19/2014
Herbert Smith Freehills down to one partner in Abu Dhabi after Clydes secures Islamic finance hire
He joins from law firm Herbert Smith Freehills
08/19/2014
A draft of the fee limits, which are set to reduce bank charges on loans and credit cards, was mistakenly published in the official gazette in April.
08/17/2014
The law firm has leased 223sqm on the 13th floor of the landmark development's West Tower
08/17/2014
The UAE is being targeted by international criminals using increasingly sophisticated methods to defraud companies and investors
08/17/2014
Haigh had his assets frozen by a high court judge in the UK
08/12/2014
The most important thing is to change the structure and weighting of the Turkish banking sector
08/08/2014
The committee appointed by the United Arab Emirates government to negotiate the deal “expects the restructuring to be completed and fully implemented in 2014,” with the stock likely to resume trading in Dubai by early 2015,
08/08/2014
About 200 other plaintiffs in the lawsuit with claims against the bank stemming from attacks blamed on the al-Aqsa Martyrs Brigades and other groups have not yet gone to trial.
08/05/2014
Gülenist Bank Asya, whose shares have fluctuated extraordinarily in recent months, and its fiscal strength has been questioned, is now on the front burner due to 'insider trading' allegations
08/04/2014
Selldown was always a long-term requirement from all market participants
07/30/2014
The Qatar Central Bank recently introduced several new measures to strengthen the regulations governing the banking and insurance sectors and financial markets.