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The real estate market in the Middle East has seen a substantial cooling of activity since the global economic downtown at the end of 2008. However, new levels of activity have begun during 2012 as the availability of finance has returned to the market and regional...

A revised Central Bank Law has recently been enacted in Qatar. Updating Law No. 33 of 2006, the law sets out the role and functions of the Qatar Central Bank in its licensing and supervision of banks and other financial institutions operating in Qatar. It also...

The QFCRA Individual Rulebook 2005 ("INDI") now includes additional training and competency provisions for individuals applying to perform or who are performing controlled functions. Over the summer Clifford Chance will be running a series of seminars...

The Dubai Financial Services Authority ("DFSA") has released Consultation Paper No. 81 regarding the Exercise of Regulatory Powers, Enhancements to the Regulatory Law 2004 and RPP Sourcebook. The consultation is open for comment until 21 January 2012. The...

The UK government's new Bribery Act of 2010 is expected to come into force in April 2011 (the "Bribery Act"). The new law is extra-territorial in that it extends to some foreign companies and conduct outside the UK. GCC companies that carry on business,...

The UK government's new Bribery Act of 2010 is expected to come into force in April 2011 (the "Bribery Act"). The new law is extra-territorial in that it extends to some foreign companies and conduct outside the UK. GCC companies that carry on business,...

The U.S. Securities and Exchange Commission ("SEC") has issued information requests to at least ten banks and private equity firms to examine whether their dealings with sovereign wealth funds ("SWFs") implicate the U.S. Foreign Corrupt Practices...

Proposals for amendments to the Asset Management Regime for the QFC Regulatory Authority On 26 August 2010, the Qatar Financial Centre ("QFC") Regulatory Authority ("QFC Regulatory Authority") published Consultation Paper 2010/05 ("Consultation...

An Arbitration client briefing which looks at Arbitration awards (Are they always "final and binding?") and developments in the GCC region.

The first part of this article sets out the basic principles of Islamic finance and their application. An exploration, albeit brief, of these principles is necessary in order to understand the context in which regime seeking to regulate Islamic finance should operate....