11/27/2014
A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie's London office advised Yasar Holding A.S. on a Eurobond offering under Rule 144A and Regulation S.
11/26/2014
Kuwait's Court of Appeal has reduced a fine against the chairman of Al Ahli Bank on alleged insider trading charges to 100,000 dinars ($343,500) from 1.5 million dinars, a bourse statement from the lender said on Wednesday.
11/25/2014
Banks in the United Arab Emirates are close to resolving a liability issue over information provided by the Gulf Arab state’s new credit bureau, the head of the country’s largest bank by assets said on Monday.
11/25/2014
Private Capital team scoops another award
"This award is a testament to our team, its international strength and the quality of work it does. It tops off what has been a great start to the new merged firm."
11/21/2014
The move was announced in a decree published on the prime minister's website, which did not mention specific groups.
11/20/2014
Sukuk issuance is increasing worldwide but the structures used to create the instruments aren't uniform, which limits their cross-border acceptance by investors and trading in the secondary markets.
11/20/2014
It had received approval from the Bahraini authorities for the step, which reduces the nominal value of its shares by 13.8 per cent
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.