Legal

Legal

Qatari ruling family hit with £38million stamp duty bill after using tax avoidance scheme on purchase of Chelsea Barracks

December 21, 2014

The Qatari ruling family has been ordered to pay £38million in stamp duty for the purchase of Chelsea Barracks after…

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Islamic Finance

Islamic banking thriving in Oman

December 18, 2014

Islamic banking in Oman is expected to grow at double-digit rates as sharia-compliant banking products increasingly gain acceptance and the…

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Comment & Analysis

Islamic banking in Oman likely to grow at double-digit rate

December 18, 2014

Muscat - Islamic banking in Oman is expected to grow at double-digit rates as Sharia-compliant banking products increasingly gain acceptance…

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Comment & Analysis

UAE Banks Federation committees report on busy year

December 15, 2014

During the Ceremony, H.E AbulAziz Al Ghurair presented Certificates of Appreciation to Chairmen of Committees, praising their outstanding performance,  …

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Legal

DIFC Authority announces enactment of DIFC netting law

December 14, 2014

The enactment of the Netting Law will create legal certainty in the DIFC as to the enforceability of close-out netting…

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Hedge Funds & Alternative Investments

Galadari announces regional expansion with the opening of their DIFC office

December 10, 2014

Galadari Advocates & Legal Consultants (“Galadari”), one of the oldest leading full service regional law firms in the Middle East,…

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Legal

Abu Dhabi Global Market forms panel of 16 financial institutions

December 10, 2014

Abu Dhabi Global Market, the international financial centre in Abu Dhabi, today announced that its Pre-Open Market Consultation is underway…

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Legal

Abu Dhabi Financial Zone Prepares To Receive Licence Applications

December 10, 2014

Abu Dhabi’s new financial free zone is preparing to receive next year its first licence applications from firms seeking to…

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Fraud & Ethics

Israeli Swiss bank tax evasion investigation widens

December 10, 2014

A senior Israeli is among many suspected of owning unreported Swiss bank accounts totaling hundreds of millions of euros.  …

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Investment Banking

Leumi May Reach Agreement With U.S. Over Tax Evasion by January

December 10, 2014

Bank Leumi Le-Israel Ltd. (LUMI) expects to reach an accord with the U.S. government by next month over accusations Israel’s…

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Fraud & Ethics

Israeli Swiss bank tax evasion investigation widens

December 9, 2014

A senior Israeli is among many suspected of owning unreported Swiss bank accounts totaling hundreds of millions of euros.  …

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Legal

Banking secrecy to remain despite FATCA

December 8, 2014

There is no threat to Lebanon’s banking secrecy, despite the mounting pressure from the international community to disclose the accounts…

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