09/21/2014
QFC Regulatory Authority issues proposals to strengthen the QFC Banking, Investment Management and Advisory regime
The papers call for public comment on draft Rules that are designed to clearly differentiate between the sectors of banking business, and investment and advisory business
09/21/2014
We are really trying to control the inflation rate. We don't want it to be so high as we believe Dubai will continue to attract more and more people
09/18/2014
ESBD has been restricted from taking or paying deposits
09/18/2014
Wragge Lawrence Graham appoints partner in Dubai office
He is a general structured finance lawyer with a specialism in project finance.
09/18/2014
The office will be headed up by partner Andrew Baird, who relocated to Dubai in April to help navigate the jurisdiction’s regulatory requirements.
09/17/2014
N.Y. court asked to freeze Turkish family's assets in UAE bank
An attorney for a Motorola subsidiary has asked New York's top state court on Tuesday to allow it to freeze the assets of a Turkish family held by branch of an international bank in the United Arab Emirates.
09/16/2014
Baker & McKenzie.Habib Al Mulla named 'Asian-MENA Counsel In-house Community Firm of the Year' for Restructuring & Insolvency
Baker & McKenzie .Habib Al Mulla has solidified its position as a dominant law firm in the Middle East following being named the "Asian-MENA Counsel In-house Community Firm of the Year" for Restructuring & Insolvency in the Asian-MENA Co
09/14/2014
The story goes that most of those debtors had multiple credit lines and getting more was as easy as turning up to another financial institution. It may not have been quite so simple but it was almost.
09/12/2014
Bahrain-based banks need to treat tougher US action on non-compliance with sanctions as an opportunity, an expert has said.
09/11/2014
Aggressive Investigations by Regulator Politically Motivated, He Says
09/11/2014
The United States Federal Reserve (Fed) has reportedly started an inspection of the financial transactions of Turkey's state-run Ziraat Bankası New York branch, Turkish media reported on Tuesday.
09/11/2014
Following the Dubai International Finance Centre (DIFC) Court judgment in Banyan Tree Corporate PTE Ltd v Meydan Group LLC, parties operating within Dubai and the wider United Arab Emirates (UAE) have been forced to reconsider their approach to dispute
09/10/2014
He said that new rules could be ready in about six months.
09/07/2014
CFE professionals are able to perform a variety of activities including forensic accounting, audit, consulting, and fraud and security investigations.
09/04/2014
Dentons energy associate Nick Kramer joins the firm as a partner and head of commercial and construction in the Middle East.
09/03/2014
The change in rules could dent profit growth at banks, especially those that rely heavily on retail activity.
09/03/2014
The CMA is the only regulator in the region to publicly reveal fines levied on companies, investors, brokers and banks for failing to comply with its rules
09/03/2014
GFH Capital, a subsidiary of Bahrain-based Gulf Finance House, launched legal action against Haigh, soon after his arrest when he arrived at the company’s Dubai office on the premise of discussing a new job.
09/02/2014
The central bank asked banks and financial institutions to abide by the law to obtain the ID cards
09/02/2014
In a detailed commentary, law firm Clifford Chance reviews what this ruling means for regulated firms in the DIFC.