Search Results for: Middle East
International law firm and US based Law firm end merger talks
April 25th, 2016
Pepper Hamilton and Reed Smith said Friday they have ended merger talks just 10 days after confirming discussions had begun. Pepper Hamilton sent out an email at 6 p.m. Friday announcing the talks had broken off. “While we were intrigued when Reed Smith approached us, ...
Global law firm announces record number of partner promotions
April 20th, 2016
Global law firm Clyde & Co today announced the promotion of a record 16 new partners across its international network. This is an increase on last year, which reflects the firm’s strong financial performance and continued growth. This latest ...
Wealthiest Arabs in the world 2016 – graphic
April 18th, 2016
The past year was unkind to billionaires all over the world, including the Middle East, where Arab billionaires saw their net worth drop by 23.8 per cent from a year ago, according to Forbes. However, Forbes Middle East added ...
Oil prices hold steady on strong China demand, ahead of producer meeting
April 12th, 2016
Oil prices were stabile on Tuesday, with U.S. crude futures holding above $40 per barrel and Brent approaching $43 ahead of a meeting of major producers to discuss freezing output levels to rein in ballooning oversupply. U.S. West Texas ...
Law firm data security in spotlight after Mossack Fonseca leak
April 7th, 2016
Experts have warned that law firms need to ‘up their game’ on data security after millions of documents were leaked from Panama offshore firm Mossack Fonseca. With some 11.5 million documents leaked, the ‘Panama Papers’ scandal is reportedly the ...
A head start on the transition to VAT in the GCC
April 6th, 2016
PwC has held a VAT workshop in Qatar, as part of a region wide initiative to update locally based businesses on the latest developments and the implications of VAT introduction in the Gulf Cooperation Council (GCC) States. The potential ...
CME Group Appoints Paul Houston as Global Head of FX
April 4th, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the appointment of Paul Houston as Executive Director, Global Head of FX. Reporting to Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group, Houston will be responsible for ...
India to OPEC: We’ll take that extra oil you’re pumping
March 30th, 2016
India’s got an oil problem. The country’s lightning-fast growth rate is fueling increased demand for crude. Yet India doesn’t pump much oil at home, forcing it to rely on foreign imports. India also lacks a strategic petroleum reserve, or ...
Egypt targets higher growth, deficit reduction in new government program
March 29th, 2016
Egypt promised tough action to restore growth on Sunday with a government program that aimed to reduce the budget deficit while protecting the poor as public anger mounts over a deteriorating economy. Prime Minister Sherif Ismail, reading out a ...
US Treasury rules FBME ‘still a money laundering concern’
March 28th, 2016
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final ruling imposing prohibition on the opening or maintaining of correspondent accounts for, or on behalf of, FBME Bank Ltd, the Central Bank of Cyprus (CBC) announced on ...
