Saudi Debt Law No Lure for Wary Investors
A lack of transparency could yet derail Riyadh's plan to open kingdom's debt capital market to foreigners. Saudi Arabia’s…
Legal
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GFH to appeal against Kuwait bourse order
Gulf Finance House (GFH), Bahrain-based Islamic investment bank, yesterday said it will file an appeal against the suspension of trading…
Bahrain's GFH refutes contract award claims at $3bn Tunis project
Bahrain's Gulf Finance House (GFH) has rejected media reports that it has signed an agreement with Makni Group to build…
Israeli tax ruling for tech companies solves OECD issues
The Israel Tax Authority has just published a tax ruling showing how software companies can qualify for preferred enterprise tax…
Global law firm ups its bet on Saudi Arabia with second office
Legal Advisors, Abdulaziz I. Al-Ajlan & Partners, in association with Baker & McKenzie Ltd, is opening an office in Jeddah,…
Libyan fund sues Goldman Sachs for $1 bln
Libya's sovereign wealth fund took Goldman Sachs to court in London on Monday to recover $1.0 billion (796 million euros)…
Clifford Chance advising NBK on proposed sale of its 30 per cent stake in IBQ to Qatari investors
Clifford Chance announced today that it is advising the National Bank of Kuwait (NBK) on the proposed sale of its…
Goldman Sachs 'charmed Gadaffi-era sovereign wealth fund employees with girls and alcohol' in trip to Morocco
Goldman Sachs took naive employees of the Gadaffi-era Libyan sovereign wealth fund on an all-expenses paid visit to Morocco where…
Dubai Financial Regulator Seeks To Wind-Up Local Arm Of Espirito Santo
Dubai’s financial regulator is seeking court approval to wind up the local arm of Portuguese financial group Espirito Santo, the…
Dentons advises Burgan Bank on $500 million issuance
Dentons has advised Burgan Bank on the issuance of US$500 million Perpetual Tier 1 Capital Securities, which completed on 30…
Norton Rose Fulbright advises the IDB on $1.5 billion drawdown under its $10 billion Sukuk programme
Norton Rose Fulbright has again advised the Islamic Development Bank on its $1.5 billion 2.111 per cent Trust Certificates due…
Bank statements confirm fake invoices money was paid to David Haigh, GFH Capital says
Dubai, statements from the banks confirmed that payments for fake invoices were made to Haigh, GFH Capital said in a…