KWMSJB opens first post-merger office in Riyadh
King & Wood Mallesons SJ Berwin has extended its footprint in the Middle East, through an exclusive association with the…
Legal
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Egyptian financial regulator to retry sukuk rules in early 2014
Egypt's financial regulator will submit new rules to the government in January to facilitate issuance of sukuk, or Islamic bonds,…
Norton Rose Fulbright appoints first ever Middle East corporate head
Norton Rose Fulbright partner David Baylis has become Norton Rose Fulbright’s first regional head of corporate, M&A and securities in…
The IFSB Council Adopts Two New Standards for the Islamic Financial Services Industry
The Council of the Islamic Financial Services Board has resolved to approve the adoption of two new Standards in its…
Dubai Bank Sues Brits Over $432m Hotel Fraud
Dubai Islamic Bank has successfully sued two jailed British men for $432m in a long-running fraud case involving a Dubai…
CMS advises Masraf Al Rayan on its takeover bid for Islamic Bank of Britain
The cash offer, which was announced on 28 November 2013, values the fully diluted share capital of IBB at approximately…
Bank Leumi has increased its provision for the investigation by the US authorities into its activity in Switzerland
Bank Leumi has increased its provision for the investigation by the US authorities into its activity in Switzerland. Last night,…
Citigroup can't block Abu Dhabi arbitration over $7.5 billion stake
A U.S. judge has rejected Citigroup Inc's effort to block the Abu Dhabi Investment Authority from seeking a second arbitration…
Nabarro to Open in Dubai
Nabarro is to open an office in Dubai in 2014 marking the firm’s third international opening after Brussels and Singapore.…
UAE bank lobby head calls for sanctions for new mortgage law
The head of the United Arab Emirates Banks Federation has called for sanctions to be introduced to back up the…
Dubai investigates Deutsche Bank over anti-money-laundering practices
Germany’s Deutsche Bank is under investigation by the DIFC’s financial regulator over alleged shortcomings in its customer due diligence and…
UAE Banks Federation to seek penalties for banks that break mortgage rules
he UAE Banks Federation, the representative body of banks operating in the country will recommend penalties for banks and bank…