UAE bank execs to undergo 'fit and proper' tests
All banking executives sitting on the boards of directors of the UAE’s top banks are to face more scrutiny and…
Legal
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Former Hapoalim CEO takes responsibility for overpriced Turkish bank deal in 2005
Former Bank Hapoalim CEO Zvi Ziv yesterday took responsibility for the decision to buy Turkish financial institution BankPozitif, a transaction…
SNR Denton Abu Dhabi partner takes charge of Kuwait office
SNR Denton has announced the appointment of Stuart Cavet as Managing Partner of its Kuwait office. Stuart joined the firm…
Arcapita in bankruptcy filing over $1.1bn debt
Arcapita, an investment bank based in Bahrain, filed for bankruptcy protection in the United States yesterday after the failure of…
Incoming SJ Berwin senior partner eyes international expansion
SJ Berwin’s senior partner-elect is putting international expansion at the centre of his strategy, with a US merger a “work…
Bank of Israel fines Hapoalim for overcharging
The Bank of Israel has announced today that Supervisor of Banks David Zaken fined Bank Hapoalim for charging customers who…
Appleby Wins Awards for Work in Kuwait and China
Appleby has been recognised for its work in the Middle and Far East by Islamic Finance News and the Asian-…
New FATCA regulations are out, institutions must act fast
The latest Foreign Account Tax Compliance Act (FATCA) regulations have been issued, which will have major implications for non-US Financial…
Allianz Turkey demands banking-like regulation
Turkey should launch strong regulations in the insurance sector as it did in banking after the 2001 financial crisis to…
Curtis opens office in Kuwait
Curtis, Mallet-Prevost, Colt & Mosle LLP has announced the opening of an office in Kuwait in association with Mashora Advocates…
US targets Dubai bank over Iran curbs
The US Treasury Department has disrupted a Dubai-based banking operation that the United States believes was Iran's main conduit for…
DIFC Courts draft Code of Conduct
The DIFC Courts have sent out a new professional Code of Conduct for public consultation. The Code will act as…