12/16/2013
KWMSJB opens first post-merger office in Riyadh
King & Wood Mallesons SJ Berwin has extended its footprint in the Middle East,
Legal, Tax, Regulation & Compliance
12/12/2013
Norton Rose Fulbright appoints first ever Middle East corporate head
Norton Rose Fulbright partner David Baylis has become Norton Rose Fulbright’s first regional head of corporate, M&A and securities in the Middle East.
12/09/2013
Dubai Bank Sues Brits Over $432m Hotel Fraud
Dubai Islamic Bank has successfully sued two jailed British men for $432m in a long-running fraud case involving a Dubai hotel development.
11/30/2013
Bank Leumi has increased its provision for the investigation by the US authorities into its activity in Switzerland
Bank Leumi still posted a profit of NIS 555 million for the third quarter, 16% up on the corresponding period.
11/27/2013
HRH Crown Prince meets Deutsche Bank CEO for MENA region
He also expressed the focus on attracting more international organization to the country.
11/25/2013
Citigroup can't block Abu Dhabi arbitration over $7.5 billion stake
The case arose from one of Citigroup's earlier efforts to shore up its capital base, in the wake of billions of dollars of writedowns tied to subprime mortgages.
11/25/2013
Banking industry getting ready for more self regulation
These new regulatory efforts are aimed at making the banking sector more transparent and customer friendly.
11/25/2013
Banking industry getting ready for more self regulation
These new regulatory efforts are aimed at making the banking sector more transparent and customer friendly.
11/20/2013
Nabarro to Open in Dubai
Nabarro is to open an office in Dubai in 2014 marking the firm’s third international opening after Brussels and Singapore.
11/19/2013
New Regulations May Risk Banks’ Growth Rates
Turkey’s banking sector has been growing in a healthy manner, but the loan-to-deposit ratio is exceeding 100 percent
11/16/2013
UAE bank lobby head calls for sanctions for new mortgage law
The Gulf Arab nation is bringing in new regulations to imposed limits on mortgage lending, to prevent another boom-and-bust cycle after a property market crash in Dubai and Abu Dhabi at the end of the last decade.
11/16/2013
Dubai investigates Deutsche Bank over anti-money-laundering practices
The Dubai Financial Services Authority is concerned about several potential regulatory breaches by the bank’s personal wealth management division.
11/15/2013
UAE Banks Federation to seek penalties for banks that break mortgage rules
Lenders face suspension of products and employees could face life time ban on working in UAE’s banking sector
11/14/2013
Association Warns Against Tough Burdens on Banks
Banking representatives said they understand the Turkish government’s cautious banking regulations and find them positive
11/13/2013
Bird & Bird opens second office in UAE with Dubai launch
Bird & Bird has opened an office in Dubai, its second office in the United Arab Emirates following an Abu Dhabi launch in 2011.
11/12/2013
Baker & McKenzie Relocates Italian Partner to Dubai
Leading global law firm Baker & McKenzie is relocating corporate and transactional partner Pietro de Libero from the firm's Milan office to its Dubai office.
11/06/2013
Simmons & Simmons Hires New Dispute Resolution Partner in the Middle East
David, who was previously head of dispute resolution and construction in the Middle East for Dentons, joins the firm on 17 November 2013.
11/06/2013
Norton Rose Fulbright boosts Middle East Islamic finance practice
Global legal practice Norton Rose Fulbright has appointed a new banking of counsel Robin Balmer to its Middle East Islamic finance practice.
11/04/2013
International law firm Names New Dubai Head of Banking
Habib will spearhead Taylor Wessing Dubai’s finance practice, offering both conventional and Islamic finance expertise.
11/04/2013
UPDATE 1-UAE to impose watered-down exposure rules on banks
The central bank of the United Arab Emirates has eased planned curbs on commercial banks' exposure to state-linked debt, giving them five years to comply after the banks complained that the rules could hurt their business.