Dubai’s Amlak Agrees $2.7 Billion Debt Deal With Creditors
Amlak Finance PJSC, the Dubai-based Islamic mortgage provider, has agreed to a $2.7 billion debt restructuring that may pave the…
Legal
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Arab Bank Plc faces Hamas financing trial in U.S.
Arab Bank Plc goes on trial next week in New York over claims that it provided material support to the…
Qatar emir issues law raising foreign ownership limits for stocks
Qatar's emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies,…
Gülenist Bank Claimed To Be Involved In 'Insider Trading'
Bank Asya, which is known for its close ties to the Gülen Movement whose followers have engaged in a campaign…
Simmons’ alliance partner expands in Saudi
Simmons & Simmons’ alliance firm in Saudi Arabia, Hammad & Al-Mehda, is extending its reach with a new office in…
American expats in UAE: Time has come for Fatca
If you are from the US then you’ve probably heard of the Foreign Account Tax Compliance Act (Fatca), but are…
Jordan introduces sukuk rules
Regulators in Jordan have introduced a set of long-awaited rules for the issuance of sukuk, or Islamic bonds, paving the…
Clifford Chance launches Dubai-based training contract
Clifford Chance has launched a Middle East graduate scheme that will see trainees split their time between London and Dubai.…
Gulf Finance House responds to press coverage of dispute verdict
GFH noted that the verdict announced by the BCDR against Janahi and the bank ‘has not been executed’. The…
UK's SFO says Bruce Hall sentenced to 16 months in prison
Bruce Hall sentenced to 16 months in prison Bruce Hall was today sentenced to 16 months in prison for…
Former banker now a legal eagle in Dubai
Abdulhakim Binherz left Emirates NBD in May after working 33 years at the bank to start an eponymous law firm.…
Heaven’s Bankers: Inside the Hidden World of Islamic Finance
Is sharia-compliant banking just a way of twisting the rules? Even those who assume to know something about sharia –…