06/10/2014
Financial indicators point to the systemic strength of UAE banks
High level of profitability support strong internal capital generation
Legal, Tax, Regulation & Compliance
06/10/2014
UAE And Maldives Sign Customs Cooperation Agreemen
The agreement is also aimed at protecting the society from improper commercial practices, according to Saud Salim Al Akroubi, Head of International Relations at FCA.
06/09/2014
UAE banking sector to face stringent capital and liquidity rules
Financial Stability Report hints at regulatory overhaul to align local regulations with international best practice
06/09/2014
Barclays' faces a £300m lawsuit from Amanda Staveley over Abu Dhabi deal
The legal action is linked to a Serious Fraud Office investigation into £322million of fees paid by Barclays
06/09/2014
UAE central bank warns of soaring property prices
Monitoring development in the UAE real estate markets and the banks’ exposure to it remains a core financial stability priority.
06/08/2014
UAE c.bank says to propose new capital, liquidity rules in H2 2014
The central bank of the United Arab Emirates plans to introduce new rules on liquidity and begin consulting with banks on a new capital regime which is in line with the Basel III framework in the second half of 2014, it said on Sunday.
06/06/2014
Qatar 2022 bid committee instruct Schillings over World Cup bribery claims
Another of the Qatari bid committee’s legal advisers, magic circle firm Clifford Chance, is not understood to be advising on the recent claims
05/29/2014
Bahrain clarifies Basel III capital rules, eyes 2015 rollout
Its rules detail the treatment of subsidiaries when calculating a bank's capital adequacy requirements and explain the use of subordinated debt, which can count towards Tier 1 core or Tier 2 supplementary capital.
05/28/2014
Amid Split on Bank Case, U.S. Seeks a Middle Path
The lawsuit, Arab Bank v. Linde, which was filed a decade ago, accuses Arab Bank
05/28/2014
ACC Expands to Middle East Region
ACC Middle East will now offer its members access to enhanced online resources and connections to corporate counsel worldwide
05/28/2014
Obama administration asks top court to turn away Arab Bank case
Arab Bank said the judge’s ruling was forcing it to choose between running afoul of the U.S. court and violating bank secrecy laws in Lebanon, Jordan and other countries.
05/26/2014
Former GFH Capital Deputy CEO arrested for fraud, embezzlement
GFH Capital said Dubai Police's investigations are ongoing, adding that it was "not appropriate" to comment in any detail on their inquiries at the moment.
05/25/2014
Ex-Barclays chiefs face Serious Fraud Office probe over Qatari fundraising
Barclays’ fundraising meant it was able to escape a government bailout during the financial crisis.
05/23/2014
Former Islamic bank GC arrested in Dubai over Leeds United sale allegations
GFH bought the football club from former owner Ken Bates in December 2012
05/19/2014
UAE Seen Allowing Full Short Selling Of Stocks As Money Flows In
The UAE's market regulator, the Securities and Commodities Authority, has been liberalising securities rules since 2012
05/19/2014
Bahrain central bank finalising rules for Islamic advisory firms
Bahrain's central bank is finalising rules for the supervision of sharia-compliant advisory firms, part of a wider overhaul of standards as the Gulf state steps up its efforts in Islamic finance.
05/18/2014
Surat diamond Hawala case: Enforcement Directorate to send LRs to Middle-East, Hong Kong
The agency has detected some funds which have been sent through illegal banking channels to Hong Kong and China and legal replies from these countries would b.e obtained to take the probe further
05/16/2014
Gulf, Sudanese banks to resume dealings—official
National Bank of Abu Dhabi only Gulf bank still transferring funds into and out of Sudan, says Arab League Economic Affairs unit secretary-general
05/15/2014
Qatar eyes deposit insurance as part of financial reforms
The scheme is part of a strategic plan for Qatar's financial sector developed by the country's three regulatory bodies, which they aim to implement by the year 2016.
05/12/2014
Qatar's financial regulator bans, fines senior JP Morgan exec
A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the Qatar Financial Centre over acts of "serious misconduct".