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.
09/02/2014
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
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
Basel III compliance to limit banks’ lending capacity
08/24/2014
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
The average capital adequacy ratios of Bahrain banks currently stand at 12 per cent
08/24/2014
Bahrain is the first country within the GCC to issue a decree to combat money laundering and terrorist financing
08/22/2014
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
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
08/22/2014
In a precedential opinion, a three-judge panel upheld a ruling in favor of Standard Chartered Bank concluding that the New York court’s decision recognizing a judgment entered against Ahmad Hamad Al Gosaibi & Brothers Co. in Bahrain.
08/22/2014
DIFC court rules in favour of Al Khorafis
08/22/2014
The UAE Central Bank warned Standard Chartered it could become the subject of lawsuits for “material and moral damage” as a result of the closure of an estimated 1,400 to 8,000 client accounts in the region.
08/20/2014
If a bank fails to live up to its commitments, there should be consequences