12/03/2014
The five-year term loan facility was signed to meet KUFPEC 's ambitious general corporate purposes and international expansion plans.
12/03/2014
Saudi Arabia’s market regulator has suspended the local unit of accountancy firm Deloitte & Touche from doing auditing work for listed firms in the kingdom from June 1, 2015
11/30/2014
The financial drama at Leeds has taken a new twist, with lawyers representing the club’s former managing director, David Haigh, writing to the Football League to say he can provide information relating to serious allegations about the club’s c
11/30/2014
UAE May Create Body To Monitor FX Peg, No Policy Change Likely
Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1
11/27/2014
The bank’s provisions reflect its legal team’s most recent estimates of what it will need to pay
11/27/2014
The DIFC Courts, Dubai’s established English-language, commercial common law judicial system, today signed a landmark enforcement document with the High Court of Kenya (Commercial and Admiralty Division) in a move that further reinforces the UAE&
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