North Africa/Middle East

Results for North Africa/Middle East

British Regulators Help Iranian Banks Come In From The Cold

Top UK regulators are trying to help three Iranian-owned banks reintegrate into the financial system after years of international sanctions — by deploying a unit designed to aid start-ups, the Financial Times reported. The UK-based Iranian lenders wo ...

Daily Headline - global.abi.org - 01/31/2016 - 18:25 - 0 comments

Hadef & Partners Legal Highlights

INTER PACIFIC BAR ASSOCIATION HOSTING THE IPBA MID-YEAR COMMITTEE MEETING Richard Briggs, Executive Partner, reflects on the annual midyear committee meeting which was held in Dubai. DISPUTE RESOLUTION UNWRITTEN DISTRIBUTION AGREEMENTS IN THE UAE ...

Resource Article - twallace@abiwor... - 01/29/2016 - 13:47 - 0 comments - 0 attachments

Protection of Foreign Investments in Iran

In light of the anticipated lifting of most international sanctions against Iran in 2016, this Cleary Gottlieb Alert Memo sets forth possible avenues for securing protection under Iran’s investment treaties. Given the specificities of these regimes, a d ...

Resource Article - twallace@abiwor... - 01/29/2016 - 13:26 - 0 comments - 0 attachments

End To Saudi Algosaibi Debt Saga Inches Closer As Creditors Meet

One of the Middle East's longest-running debt disputes edged closer to being resolved on Thursday when Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) presented a revised restructuring plan. AHAB has around 22.5 billion r ...

Daily Headline - global.abi.org - 01/28/2016 - 21:09 - 0 comments

Bahrain Moves To Close Iran's Future Bank

Bahrain's central bank said on Tuesday it is taking steps to close down Iranian-owned Future Bank, which is based in the Gulf state, Reuters reported. On Monday, Ebtisam al-Arrayed, head of regulatory policy at the central bank, told Reuters that th ...

Daily Headline - global.abi.org - 01/26/2016 - 22:31 - 0 comments

Shrinking Sovereign Wealth Funds Are Ducking Davos

In the days of the commodity boom a few years ago, oil-rich nations and their petrodollar wealth were the darlings of the World Economic Forum, Bloomberg News reported. A panel that included Kuwaiti, Saudi and Russian sovereign-wealth fund officials was ...

Daily Headline - global.abi.org - 01/19/2016 - 19:31 - 0 comments

Saudi Aramco Would Sell Downstream Ops, Not Upstream

Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources familiar with official thinking said, Bloom ...

Daily Headline - global.abi.org - 01/10/2016 - 20:36 - 0 comments

Saudi Arabia Mulls Selling Shares in Aramco

Saudi Arabia is considering selling shares in its state-owned oil company, a move that comes amid a broad privatization effort afoot in the kingdom, but also at a vulnerable time for Riyadh because of tumbling energy prices, The Wall Street Journal r ...

Daily Headline - global.abi.org - 01/07/2016 - 22:18 - 0 comments

Saudis Unveil Austerity Program

Saudi Arabia today unveiled spending cuts in its 2016 budget, subsidy reforms and a call for privatizations to rein in a yawning deficit caused by the prolonged period of low oil prices, the Financial Times reported today. The Gulf kingdom has kept o ...

Daily Headline - abi_admin - 12/28/2015 - 13:16 - 0 comments

Saudi Arabia to Introduce Revolutionary New Insolvency Law in 2016

Saudi insolvency law has for some time been something of an unknown quantity for non-Saudis, The National Law Review reported. A wide-ranging reform is due to take effect in 2016, which will express elements of the rescue culture and is likely to mak ...

Daily Headline - global.abi.org - 12/10/2015 - 22:55 - 0 comments

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