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Changes in the Foreign Portfolio Investment Regime

The RBI and the Securities and Exchange Board of India (the “SEBI”) have recently notified two (2) changes in regulations relating to investments by foreign portfolio investors (“FPI”) following the bi-monthly monetary policy statement released on February 3, 2015. Under the current regulations applicable to foreign portfolio investments, FPIs are permitted to invest in government […]

New regulation to improve Bahrain’s real estate market

Bahrain plans to introduce new obligatory tenancy registration procedures early next month. While the move will improve the real estate market, the proposed rent increases at renewal threaten to hinder the residential and commercial markets, which have both only recently begun to show increased stability. The exact procedure and process by which the registration of […]

Middle Eastern M&As reach $22.7 billion in Q4 2014

The value of announced M&A transactions with any Middle Eastern involvement  reached $22.7 billion during the fourth quarter of 2014. Qatar topped the rank of Middle Eastern outbound M&A activity with 65 per cent of overseas acquisitions, while acquisitions by UAE and Saudi Arabian companies accounted for 15 per cent and 9 per cent, respectively. […]

New Abu Dhabi Free Zone Drafts First Laws

Abu Dhabi Global Market (ADGM), a new international financial center in the United Arab Emirates (UAE), announced on January 7, 2015, that it had published draft legislation for open market consultation. ADGM aims to become a broad-based financial services center, which will focus on asset management, private banking, and wealth management during the first phase […]