QCB asks all banks to transfer account data
The Qatar Central Bank has asked all banks to provide it with basic information about their customers’ accounts, including individuals…
Legal
2651 articles found
Norton Rose Fulbright advises IsDB on largest ever drawdown under its US$10 billion Sukuk programme
Global legal practice Norton Rose Fulbright has advised the Islamic Development Bank (IsDB) on its record issuance of US$1.5 billion…
Islamic finance: From the Cayman Islands to the Middle East and beyond – Harneys
The use of offshore companies in Islamic finance is driven by many of the same factors as in conventional banking,…
Norton Rose Fulbright advises the IDB on its largest ever drawdown under its $10 billion Sukuk
The Joint-Lead Managers were CIMB Bank Limited, Commerzbank Aktiengesellschaft, First Gulf Bank PJSC, HSBC Bank plc, National Bank of Abu…
UAE to sign FATCA agreement soon
The US and UAE governments are in the process of signing the FATCA Intergovernmental Agreement. Under this agreement, banks…
Tax law to force US expats to seek new investments
The looming implementation of the Foreign Account Tax Compliance Act (FATCA), a law designed as a tool to counteract tax…
Leading luxury brand Under Investigation for Dodging Customs Taxes in Turkey
Less than a year after Prada and Dolce & Gabbana got themselves into hot water for tax evasion, Chanel is…
Law and tax expert opens new office in Oman
CMS today announced the opening of a new office in Muscat, Oman, further consolidating its presence in the Middle East…
GCC and Levant banks warned against complacency on capital requirements ahead of Basel III
GCC and Levant banks could face massive capital shortfalls because of tighter capital requirements if they do not manage their…
Bahrain eyes external sharia audits for Islamic banks
Bahrain's Waqf Fund, a non-profit body set up by the central bank, has proposed mandatory external sharia audits for Islamic…
Kuwait fines Ahli Bank chairman $5.3 mln over insider trade
A Kuwaiti court has fined the chairman of Al Ahli Bank, the country's eighth largest bank by market capitalisation, 1.5…
Kuwait Al Ahli Bank chairman fined $5.3m
A Kuwaiti court has fined the chairman of Al Ahli Bank, the country's eighth largest bank by market capitalisation, 1.5…