08/13/2012
Basel III Arrives Early For UAE
Central Bank orders regional banks to meet liquidity requirements from January 2013, in preparation for Basel.
Legal, Tax, Regulation & Compliance
08/12/2012
DIFC Courts launches an appeal to all lawyers in the UAE
The DIFC Courts, the English language, common law judicial system based in Dubai, has launched an appeal to all lawyers in the UAE to lend their professional knowledge to help support the Courts' Pro Bono Clinic initiative and servethose in need.
08/09/2012
Dubai investigates Standard Chartered
The move follows allegations the UK bank concealed as much as US$250 billion (Dh918.26bn) in transactions with Iran that violated US sanctions.
08/08/2012
Clifford Chance advises on Saudi Binladin Group short-term sukuk
Clifford Chance LLP and Al-Jadaan & Partners have advised HSBC Saudi Arabia Limited on the issuance by SBG Sukuk Limited of its third short-term sukuk, guaranteed by Saudi Binladin Group Limited.
08/08/2012
Fraud inquiry threat to Barclays over Arab bailout
Serious Fraud Office collaborating with City watchdog's investigation into controversial deal
08/07/2012
Government watchdog claims some Israeli nonprofits used for money laundering
Claim included in the explanatory notes to a bill that would give the registrar new powers to regulate nonprofits and impose administrative sanctions.
08/06/2012
Restoring confidence in investment funds, UAE paper
So, the fund management market needed a proper set of directions.
08/06/2012
Standard Chartered rejects Iranian 'scheming' claims: statement in full
Standard Chartered has firmly rejected claims that it “schemed” with Iran to conduct secret transactions worth $250bn (£160bn). Here is its statement in full.
08/05/2012
Investment funds need monitoring
Regulations should ensure better management of funds through strict investment protection guidelines
08/05/2012
Bank put my debt on Facebook, claims UAE customer
A few days later, his daughter called to tell him something was wrong on his Facebook page.
08/05/2012
UAE's new investment fund rules may hit DIFC
The Securities and Commodities Authority (SCA) will apply the new rules to firms based in Dubai International Financial Center (DIFC).
08/05/2012
Standard Chartered faces suspension over Iran transactions
It labelled UK-based Standard Chartered a "rogue institution".
08/02/2012
Baker & McKenzie advises Bahrain on $1.5 billion bond
The Baker & McKenzie team was jointly led by partners, Ian Siddell, Chris Hogan and Edward Bibko (in relation to US securities law matters) with the assistance of partner Bilal Kahlon and associates Omar Al Ansari and Khalid Zowayed.
08/01/2012
Court backs payment to AHAB
The order follows an interim ruling last month by the same court, which held that AHAB would be entitled to recover at least $2.5bn from Mr Al Sanea.
08/01/2012
Turkish banks' capital ratios will drop because of the country's switch to Basel II
Basel I favoured Turkey. As a member of the OECD, Turkish sovereign and bank exposures attracted lower capital charges.
08/01/2012
32 ADX listed companies disclose financial statements for the Q2 2012
The companies that disclosed their financial statements did so within the first 31 days of the 45 day deadline. Companies whose securities are listed on the exchange are required to provide ADX with Interim financial reports which are reviewed by the exte
07/30/2012
Iran sentences four to death over banking scandal
The embezzlement case, discovered in September 2011, revolved around forged documents allegedly used by the directors of an Iranian investment company to secure loans totaling $2.6 billion to buy state-owned enterprises.
07/19/2012
Latham and Watkins advises joint lead managers in the largest USD Sukuk offering
Latham & Watkins represented the joint lead managers in the State of Qatar's recent sovereign Sukuk.
07/18/2012
Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report
Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.
07/17/2012
Barclays to leave UAE rate panel in 90 days - sources
The British-based lender had previously indicated to the UAE central bank that it wanted to quit the 12-member panel, whose quotes are used to set the Emirates interbank offered rate (Eibor).