03/30/2012

Allen & Overy welcomes 23 to its partnership

Allen & Overy today announces 23 promotions to partner across 14 offices in 12 countries. Nearly 40% of new partners are female and, for the fifth year running, the majority (73%) are based outside London, underlining Allen & Overy's commitme

03/28/2012

Oman to amend banking regulations

H.E. Hamood Sangour al Zadjali, Executive President of the Central Bank of Oman, revealed to the Oman-based newspaper Muscat Daily that the first draft of Islamic banking rules is almost ready and it is being updated with comments from local banks.

03/27/2012

Nasdaq Dubai chief urges market revamp

Despite rising prices and volumes this year, the three markets in Dubai and Abu Dhabi have underperformed most global indicators since 2008.

03/22/2012

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 will undergo a 'fitness test' to assess their expertise, the UAE central bank governor announced on Tuesday.

03/21/2012

Risks are increasing in quantity and severity - PwC

While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top

03/06/2012

Allianz Turkey demands banking-like regulation

Fierce competition, lack of regulation, low profitability and underwriting losses also cause decline in customer service, which later might trigger mistrust in the insurance sector among the public.

03/05/2012

Curtis opens office in Kuwait

The Curtis Kuwait office will be headed by David Pfeiffer, who joins Curtis as a partner with 16 years of experience in Kuwait.

03/01/2012

Qatar makes a play for top financial centre

Dubai is due to bring in regulations that could make it more difficult for Dubai International Finance Centre (DIFC) registered funds to market their products outside the financial free zone to investors in other parts of the UAE.

03/01/2012

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 evading international sanctions and processing oil sales, the Wall Street Journal reported.

02/27/2012

DIFC Courts draft Code of Conduct

The consultation period during which the Courts welcome constructive feedback from Court users will be open until 4:00 pm March 13, 2012. Interested persons can view the Code on the Courts’ website, by searching ‘Code of Conduct’ and are

02/23/2012

Taylor Wessing celebrates 15 years of legal practice in the UAE

Originally founded in 1997 as Key & Dixon and rebranded to Taylor Wessing in 2002 following a merger with the European practice, Taylor Wessing (Middle East) LLP is one of the longest established international law firms in the UAE. With its founding p

02/22/2012

DIFC aims to double in five years

Although no financial details were released along with the operating review, Mr Al Awar sought to reassure bondholders that a US$1.25 billion (Dh4.59bn) sukuk repayable in June would be met.