Saudi Arabia picks hybrid structure for debut dollar sukuk
Saudi Arabia has chosen a hybrid structure for its debut international sukuk, the prospectus for the offer showed, a format…
Legal
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Arab Bank Case May Show Trump’s Corporate Liability Views
The U.S. Supreme Court’s choice to weigh whether a Jordanian bank can be sued for allegedly funding militant attacks in…
London Commercial Court rules on luxury Dubai development
Global law firm Baker McKenzie has successfully acted for Dubai Islamic Bank PJSC in its defence of a USD 2…
Masraf Al Rayan sets up committee to oversee merger with IBQ, Barwa Bank
Masraf Al Rayan yesterday said a committee has been established to oversee the three-way merger with International Bank of Qatar…
Spanish police stage raids targeting Assad family's assets
Police in southern Spain on Tuesday staged raids targeting assets of the family of Syrian leader Bashar al-Assad, a judicial…
KWM to scale back Middle East presence with Saudi pullout
King & Wood Mallesons is pulling out of Saudi Arabia, leaving the firm with just one base in the Middle…
Bahrain unveils new law to support growing financial sector
The new move allows investors to establish limited partnerships nationwide, as oppose to only in identified free zones. The law…
Andersen Global Expands Presence in Israel
Andersen Global has announced an enhanced presence in Israel by way of a collaboration agreement with Yaron-Eldar, Paller, Schwartz &…
Bahrain to grant GCC residents, investors IDs
All citizens of the Gulf Cooperation Council who are residing or investing in Bahrain can apply to obtain a Bahraini…
Barclays Qatar SFO charging deadline said to be moved to May
Charging decisions over Barclays Plc’s 2008 emergency fund-raising from Qatar may not come before May after the UK Serious Fraud…
Top UAE law firm sets up tax unit ahead of VAT launch
Al Tamimi & Company, the largest law firm in the Middle East, has established a dedicated tax practice ahead of…
Card scam gang arrested after Dh1 million UAE spending spree
Four men managed to spend Dh1 million on cloned credit cards after copying bank data from customers across the world.…