01/07/2014
This revelation comes at a time when data and employee privacy issues, often triggered by investigations, are dominating the headlines and major corporations are facing increased regulatory scrutiny around anti-bribery and corruption legislation
01/06/2014
English-qualified banking lawyer Tim Plews and corporate and capital markets lawyer Omar Rashid are also joining the team as well as banking lawyer Paul Latto.
01/06/2014
The Labor Ministry is studying new proposals to expand the Nitaqat system in its bid to reduce the number of foreign workers and their dependents and create more jobs for citizens with higher salaries.
01/01/2014
The banking sector regulation in the UAE crossed a number of landmarks this year with new central bank initiatives and efforts from within the industry to introduce self regulation.
12/30/2013
CONSOB is the public authority responsible for regulating the Italian securities market and protecting the investing public. It also conducts investigations with respect to potential infringements of insider dealing and market manipulation law.
12/17/2013
The region had overcome last year’s challenges, the report also noted, when the outlook for advisers was clouded by regulatory uncertainty in various GCC countries over the UK’s Retail Distribution Review regime. However, the report argues th
12/16/2013
King & Wood Mallesons SJ Berwin has extended its footprint in the Middle East,
12/12/2013
Norton Rose Fulbright partner David Baylis has become Norton Rose Fulbright’s first regional head of corporate, M&A and securities in the Middle East.
12/09/2013
Dubai Islamic Bank has successfully sued two jailed British men for $432m in a long-running fraud case involving a Dubai hotel development.
11/30/2013
Bank Leumi has increased its provision for the investigation by the US authorities into its activity in Switzerland
Bank Leumi still posted a profit of NIS 555 million for the third quarter, 16% up on the corresponding period.
11/27/2013
HRH Crown Prince meets Deutsche Bank CEO for MENA region
He also expressed the focus on attracting more international organization to the country.
11/25/2013
Citigroup can't block Abu Dhabi arbitration over $7.5 billion stake
The case arose from one of Citigroup's earlier efforts to shore up its capital base, in the wake of billions of dollars of writedowns tied to subprime mortgages.
11/25/2013
These new regulatory efforts are aimed at making the banking sector more transparent and customer friendly.
11/25/2013
Banking industry getting ready for more self regulation
These new regulatory efforts are aimed at making the banking sector more transparent and customer friendly.
11/20/2013
Nabarro is to open an office in Dubai in 2014 marking the firm’s third international opening after Brussels and Singapore.
11/19/2013
New Regulations May Risk Banks’ Growth Rates
Turkey’s banking sector has been growing in a healthy manner, but the loan-to-deposit ratio is exceeding 100 percent
11/16/2013
UAE bank lobby head calls for sanctions for new mortgage law
The Gulf Arab nation is bringing in new regulations to imposed limits on mortgage lending, to prevent another boom-and-bust cycle after a property market crash in Dubai and Abu Dhabi at the end of the last decade.
11/16/2013
Dubai investigates Deutsche Bank over anti-money-laundering practices
The Dubai Financial Services Authority is concerned about several potential regulatory breaches by the bank’s personal wealth management division.
11/15/2013
Lenders face suspension of products and employees could face life time ban on working in UAE’s banking sector
11/14/2013
Banking representatives said they understand the Turkish government’s cautious banking regulations and find them positive