Dubai International Financial Centre (DIFC) Authority announced today that His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has enacted the Netting Law, DIFC Law No. 2 of 2014.
Abu Dhabi’s new financial free zone is preparing to receive next year its first licence applications from firms seeking to operate there, after appointing a panel of 16 institutions to advise on its regulatory framework
Bank of Sharjah plans to refinance a $200 million two-year loan maturing next year, said the lender's executive director, as the United Arab Emirates bank hopes to benefit from lower borrowing costs.
Bahrain-based General Council for Islamic Banks and Financial Institutions, a global umbrella organisation for Islamic financial institutions, held an in-focus session on Basel III and Islamic banks during the 21st World Islamic Banking Conference
With the Emirates Insurance Authority rolling out a host of regulations last month, it seems inevitable that the market will consolidate dramatically as the smaller players struggle to meet strict new requirements.
The financial drama at Leeds has taken a new twist, with lawyers representing the club’s former managing director, David Haigh, writing to the Football League to say he can provide information relating to serious allegations about the club’s c