DWF appoints banking & finance partner to continue ME expansion
Global legal business DWF has named Majed Almarshad as a partner in the banking & finance practice of its Dubai…
Legal
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Saudi Arabia's new bankruptcy law faces key test in the courts
World Bank Senior Research Director said that the merit of Saudi Arabia's new bankruptcy law, part of efforts to help…
Kuwait – Banks have no right to increase interest rate on a loan
The Court of Appeals ruled that a local bank had no right to increase the interest rate on a loan,…
Saudi Arabia's new bankruptcy law faces key test in the courts
The merit of Saudi Arabia's new bankruptcy law, part of efforts to help the kingdom attract investors, should become clearer…
New DIFC Employee Workplace Savings Scheme Proposed
On 17 October the Dubai International Finance Centre issued a consultation paper proposing amendments to its employment laws. The amendments…
Turkish bank charged with evading US sanctions on Iran
A major Turkish bank was criminally charged in an indictment Tuesday with participating in a multibillion-dollar scheme to evade US…
M&A deals jump 50% in Middle East says Clyde & Co study
Now in its fourth edition, the Clyde & Co Middle East Deal Study is a one of a kind report.…
Egypt's new banking draft law: opportunities and challenges
The cabinet approved the draft law, which includes 242 articles, in a session that witnessed the participation of Tarek Amer,…
Ex-Barclays bosses worried about jail risk of £322m Qatar deal, court hears
Former Barclays bosses were worried that a side deal to pay Qatar £322m was one of the most dangerous parts…
Al Rayan Bank’s ex-CEO takes legal action to clear his name and reputation
On 5th August 2019, The Times posted an article titled “Female Circumcision is like clipping a nail, claimed speaker”, using…
Former Barclays bankers lied about Qatari fees in 2008, fraud trial hears
Three former Barclays executives lied to the market by hiding £322 million ($395 million) in extra fees that the bank…
Watch out! That SMS from bank in UAE could be fake
Text messages trying to extract a customer's secret bank information to hack into his account and withdraw funds are increasing…