10/29/2013
Regulator Stifles Risky Lending That Fueled Dubai Bubble
Foreigners can borrow 75 percent of the value of a first home priced at 5 million dirhams ($1.36 million) or less and U.A.E. nationals can get 80 percent
Legal, Tax, Regulation & Compliance
10/27/2013
Conyers Dill & Pearman hosts Offshore Law Forum in Dubai
Our panel of experts will use this opportunity to discuss these changes and share their knowledge and experience with our clients and contacts here in Dubai.
10/27/2013
SJ Berwin eyes Riyadh launch post King & Wood Mallesons merger
The office is expected to be established at the beginning of 2014 and will be branded as King & Wood Mallesons SJ Berwin.
10/23/2013
Bahrain cbank to issue Basel draft rules
The Central Bank of Bahrain will be issuing the first draft of rules on Basel III standards by early next month
10/21/2013
Taylor Wessing appoints new Middle East managing partner
His practice focuses on contentious and non-contentious construction and engineering law, arbitration and insurance law in the Middle East, UK and Hong Kong.
10/20/2013
U.S. high court asks Obama administration's view on bank secrecy
The U.S. Supreme Court on Monday asked the Obama administration to weigh in on a case that raises whether bank secrecy laws protect Arab Bank Plc from turning over documents in lawsuits in U.S. courts.
10/16/2013
Former Bank Hapoalim chairman pleads guilty to fraud
Former Bank Hapoalim chairman Danny Dankner struck a plea bargain with prosecutors on Thursday
10/12/2013
Jobs for lawyers in the UAE on the rise, but not salaries
The UAE’s return to economic growth has led to an increase in legal hiring for both in-house and private practices
10/10/2013
Most Highly Regarded Firms: Information Technology 2013
The firm’s depth of expertise is evidenced with listings spanning the breadth of its international offices.
10/09/2013
Middle East banks face tougher compliance rules as sanctions bite
It is not just international banks that face tighter regulation across the board – local firms, too
10/09/2013
Bank Alhair wins a further ruling against former CEO
Majed Al Refai faces 18 years in prison, huge fines and repayment of millions as cases to date are ruled in favour of Bank AlKhair
10/08/2013
Morgan Lewis advises FWU on Inaugural Sukuk on life insurance contracts
This represents the first time an Islamic bond structure has been deployed on a block of life insurance policy contracts.
10/07/2013
Saudi Arabia grants first woman full lawyer practice rights
Criminal law and domestic violence specialist Bayan Al Zahran was given the nod by the country’s ministry of justice on Sunday.
10/06/2013
Barclays-Qatar Probe to Have Progress in 2014, SFO’s Green Says
U.K. fraud prosecutors’ will announce significant developments next year in a probe into fees paid by Barclays Plc to Qatar’s sovereign-wealth fund for a 2008 fundraising that helped the bank avoid a bailout.
10/03/2013
Global fund firms fret over UAE fee structure
By contrast, local asset management firms, which focus on investing within the Gulf, have struggled to attract investor interest and stay afloat since the 2008 financial crisis.
10/02/2013
Habas bond trustee seeks liquidation
The petition to the court was made after the UK's Duet Asset Management withdrew from the debt settlement reached with Habas's bondholders.
10/01/2013
Algosaibi Strikes Deal With Fugitive Banker
AHAB announced yesterday that it had reached a settlement with American citizen Glenn Stewart
09/25/2013
Hogan Lovells advises Barwa Bank on $125m Islamic financing facility for Topaz
Hogan Lovells has advised Barwa Bank on a $125m Islamic facility made available to United Arab Emirates based Topaz Energy and Marine.
09/22/2013
Ex-BNP Paribas private banker fined by Dubai regulator
According to his LinkedIn profile, Nikhil Das had been an associate director in BNP's wealth management arm since 2009.
09/15/2013
Barclays Braced For Fine Over Qatar Deals
Barclays is seeking to raise almost £8bn from investors through a combination of new shares and bonds