Morgan, Lewis & Bockius will take on most of the partners from Boston law firm Bingham McCutchen after months of negotiations.
Indian law firm Kochhar & Co. has opened an independent office in Dubai, six months after procuring a licence to practise local law in the UAE.
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will be revising four of its standards in the first half of next year, while expanding its guidance for...
Bahrain sovereign fund Mumtalakat has launched a $600 million, seven-year sukuk at the tight end of its previously marketed price range, with the sale set to complete on Nov. 25.
Investment Dar is making a renewed legal push to secure ownership of a major asset at the centre of its long-running restructuring process.
|Emaar Properties gets shareholder nod for 9 bln dirham special dividendShareholders in Emaar Properties, Dubai's largest listed developer, have approved a special cash dividend totalling 9 billion dirhams ($2.45 billion). Full Article|
|Kuwait's Investment Dar, CBK, skirmish over Boubyan Bank stakeInvestment Dar, the Kuwaiti firm which holds a stake in luxury carmaker Aston Martin, is making a renewed legal push to secure ownership of a major asset at the centre of its long-running restructuring process. Full Article|
|Islamic finance body AAOIFI to revise 4 standards, eyes sukukThe Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for Islamic bonds, the industry body said. Full Article|
|Spanish bank BBVA to take control of Turkey's GarantiSpanish bank BBVA is raising its stake in Garanti, one of Turkey's biggest lenders, in a deal worth $2.5 billion that will give it control of the board as it pursues its strategy of overseas expansion. Full Article|
|Viva Kuwait chairman says 'telco to list Dec. 14'Viva Kuwait , the country's No.2 mobile phone operator by subscribers, will list its shares on the Kuwait Stock Exchange on Dec. 14, nearly six years after it completed an initial public offer of shares, the company's chairman said on... Full Article|
|DP World to acquire EZW for $2.6 bln in Dubai asset shuffleDP World, one of the world's largest port operators, has agreed to buy Dubai industrial and logistics infrastructure firm Economic Zones World (EZW) for $2.6 billion, in the latest shuffle of assets among the emirate's state-linked companies. Full Article|
|Underground plansSaudi Arabia has awarded $22.5 billion contracts to build the Riyadh metro system. Full Article|
|Drawing a lineIndia set to halt Iran oil imports over insurance Full Article|
|MP Interview: Husam Hourani, Al Tamimi & CoAl Tamimi & Co Managing Partner Husam Hourani talks to Ranajit Dam about the highlights of his career, the challenges of running a regional firm, and how Al Tamimi & Co can hold on to... Full Article|
|Booming Gulf sukuk market brushes off Dana Gas debacleWhen United Arab Emirates-based natural gas producing company, Dana Gas, missed repaying a $920 million Islamic in November, it became the first UAE company to fail to redeem a bond on time. But the region's... Full Article|
|AEC Report: Potential, reality and the role for business 27 May 14 Vriens & Partners' crucial report - The ASEAN Economic Community - is now available. This detailed report can be purchased for just US$1,000 from the link at the top of this page. Click below for Table of Contents.|
|Islamic Finance Education: What Does It Entail? 03 Apr 14 When we talk about finance, we are really talking about the way the finance is managed at the individual, corporate or public levels. However, when we add the adjective Islamic to finance, it gives a completely different picture. Islamic finance...|
|ALB Employer of Choice 2013 17 Sep 13 Thousands of law firm employees across Asia, ranging from managing partners to support staff, were surveyed for two months and asked to rate their employers on the basis of job satisfaction, remuneration, work-life balance, career prospects, mentorship, job security and...|