BNP Paribas ‘wet ink’ slip-up leads to US$650m suit
BNP Paribas SA is being sued by the trustee of a US$650 million Islamic finance transaction who said the deal…
Legal
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Omani sovereign wealth fund calls in Freshfields to sue Bulgaria
Oman’s largest sovereign wealth fund has hired Freshfields Bruckhaus Deringer to take Bulgaria to arbitration over its role in the…
GGC financial committee to meet in Doha
The Gulf Cooperation Council (GCC) finance ministries’ undersecretaries will hold their 47th meeting on November 1 in Doha, Qatar. The…
Herbert Smith Freehills to reopen in Saudi Arabia
Four months after shutting down its Abu Dhabi office and two years after terminating its association with a Saudi Arabian…
Noor Bank plans Sharia-compliant European stock index
Noor Bank is all set to launch a Sharia-compliant and Sustainable Equity Index-linked investment, targeted at the bank’s high-net worth…
Succession Planning in the Middle East by David Dorgan, Appleby
Many Middle Eastern families face the pressure of transiting their businesses to the next generation, but all too often family…
Dubai Courts signs with Avaya
Avaya’s engagement with Dubai Courts will transform the public service, and move Dubai closer to its Smart City vision. The…
Dubai acts to reassure international property investors over Sharia’s impact on inheritance
Following the recent set-up of the Dubai International Financial Centre Wills and Probate Registry in May, the Dubai Land Department…
Swiss Federal Council Approves Oman DTA
The Swiss Federal Council has adopted a dispatch on a new double taxation agreement with Oman and submitted it to…
Compliance risk and third party engagement in the Middle East region
The Middle East is a fast growing region with increasingly important markets. Operating in the region is a profitable…
Sharia-compliant UAE pension scheme gets backing
A Sharia-compliant UAE pension scheme would be a major boon to the country’s Islamic asset management industry, Islamic finance experts…
Leadership battle at Libya’s sovereign wealth fund heats up
The tussle for control of Libya’s $67 billion Dh245.89 billion wealth fund, the Libyan Investment Authority, between two executives both…