09/07/2014
BIBF to launch Bahrain's first Certified Fraud Examiner workshop
CFE professionals are able to perform a variety of activities including forensic accounting, audit, consulting, and fraud and security investigations.
Legal, Tax, Regulation & Compliance
09/04/2014
Nabarro adds three lawyers to Dubai office
Dentons energy associate Nick Kramer joins the firm as a partner and head of commercial and construction in the Middle East.
09/03/2014
Saudi Central Bank Says May Cap Consumer Lending, Limits Fees
The change in rules could dent profit growth at banks, especially those that rely heavily on retail activity.
09/03/2014
Saudi stock market regulator fines seven companies for disclosure violations
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
Jailed former Leeds Utd boss “100% confident” PwC report will set him free
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
UAE ID required in bank clients’ records
The central bank asked banks and financial institutions to abide by the law to obtain the ID cards
09/02/2014
Clifford Chance reviews DIFC Court ruling against Bank Sarasin
In a detailed commentary, law firm Clifford Chance reviews what this ruling means for regulated firms in the DIFC.
09/02/2014
Investors in Qatar Eye FIFA Investigation Findings
Such a reaction wouldn’t surprise, especially given that Qatar’s stock market is trading near multi-year highs after adding some 32% this year.
08/29/2014
Mishcon seeks greater collaboration with law firms in Russia, the US and the Middle East
Our top priorities are Russia, the USA, the Middle East and offshore
08/27/2014
Turkish assets firm on EU easing hopes
nvestors are also unsettled by violence in nearby Ukraine, Syria and Iraq
08/27/2014
Dubai World Said to Agree Debt Deal With Main Creditors
Dubai’s accelerating economy is prompting companies to renegotiate loan terms
08/27/2014
Central bank asks banks to block cards on suspicion of data theft
Usage of a significant number of debit cards blocked on suspicion of potential data compromise
08/26/2014
Latham & Watkins advises Uyoun Al-Raed on SAR 1.97 billion real estate Murabaha financing
The law office of Salman M. Al-Sudairi in association with Latham & Watkins represented Uyoun Al-Raed Commercial Company Limited on a SAR 1.97 billion murabaha financing.
08/25/2014
Bank funding no longer a function of liquidity alone
Basel III compliance to limit banks’ lending capacity
08/24/2014
UK recovers $498,000 from sale of criminal's Dubai home
A confiscation order was initially put in place in September 2012 for £417,031.52 and has now been fully satisfied following the sale of the apartment.
08/24/2014
Bahrain banks 'are ready for Basel III'
The average capital adequacy ratios of Bahrain banks currently stand at 12 per cent
08/24/2014
Dubious financial dealings on rise
Bahrain is the first country within the GCC to issue a decree to combat money laundering and terrorist financing
08/22/2014
Saudi Financial Regulator Proposes Controlled Structure for Foreign Ownership
The much awaited entry of foreign investors into the GCC’s most liquid stock exchange is welcomed, Saudi Arabia's financial regulator issues new draft proposals for overseas investors with a 10% cap for institutions.
08/22/2014
Kuwait's Khorafis win Dubai judgement against Swiss bank
No figure for compensation was set but the family has been claiming over $26.5 million.
08/22/2014
UAE Central Bank Says StanChart Can Face Legal Action
The British-based bank will be liable to legal action by the account owners “because of the material and moral damage which is falling on them