11/28/2019
Nine arrested in Yorkshire over Dubai money-smuggling plot
The organised crime gang is thought to have smuggled millions of pounds out of UK airports, last year.
Legal, Tax, Regulation & Compliance
11/28/2019
Lama Real Estate appoints KHCB as lead arranger to finance ‘Al Liwan’ Project
Total financing arranged by KHCB amounts to a total of $67.6mln in partnership with KFH-Bahrain as a participant
11/28/2019
ICD, AAB sign $10m deal to support SMEs in Uzbekistan
This financing is the third Shari’ah - compliant facility for AAB, which will enable the institution to expand Shari’ah -compliant product offerings along with other banking services.
11/28/2019
Central Bank of Jordan issues warning against promoting, trading with crypto-currency
The bank called on citizens to avoid trading in all kinds of crypto-currency due to the high risks it poses.
11/27/2019
Effective use of Automatic Exchange of information – a role for Tax Inspectors Without Borders
The TIWB initiative is set to launch a number of pilot programmes in support of developing countries' efforts to ensure the effective use of AEOI data.
11/27/2019
DIFC to host region’s leading finance conference at Expo 2020
The event will demonstrate the significant promise represented by Dubai and DIFC as a springboard for growth for the Middle East, Africa and South Asia region.
11/27/2019
Firms fake Dubai permissions
Regulator confirms no such companies are based in the international financial centre
11/27/2019
International community has achieved unprecedented success fighting offshore tax evasion
At the heart of this shift are thousands of bilateral exchange relationships now in place
11/27/2019
Saudi banks’ crackdown on financial fraud sees big fall in cases
Approximately 1,063 cases of fraud worth a total of around SR49 million ($13 million) were reported this year
11/27/2019
Malaysia Gets Abu Dhabi's IPIC Into Court Over 1MDB
The result of this judgement is that the full circumstances and background of 1MDB’s dodgy dealings with IPIC will now be fully examined in open court in London
11/26/2019
Dubai Islamic Bank secures regulatory clearances for Noor acquisition
General assembly to voted on share swap ratio of 1:5.49 on December 17
11/26/2019
Phoenix Thoroughbreds Founder And CEO Named In Money Laundering Case; Company Denies Allegations
A former partner in Locke Lord, Scott on Nov. 21 was found guilty of one count each of conspiracy to commit money laundering and conspiracy to commit bank fraud.
11/26/2019
Istanbul Working on Eurobonds After State Banks ‘Shut the Doors’
The new mayor’s remarks highlight the difficulties he faces running the nation’s largest city after wresting control from Presidetn Recep Tayyip Erdogan’s ruling AK Party.
11/26/2019
French And UAE Delegations In Uganda For Trade Opportunities
The French Companies that have arrived in Uganda this morning for the trade mission are Airbus Helicopters which manufactures helicopters, Bolloré Transport & Logistics in logistics
11/26/2019
Finance office holds extensive talks with investors in Malaysia, Singapore
During the talks, opportunities for financial cooperation between Turkey and Malaysia, representatives to be opened mutually
11/26/2019
Leading UAE authorities, financial exchanges form working group to advance sustainable finance practices, investments
In line with international best practices, the guiding principles aim to build on existing sustainable finance initiatives launched across the UAE.
11/26/2019
Ex-Barclays executive: Qatar wanted to be bank's 'special' Gulf
Prosecutors allege the Barclays bankers did not properly disclose 322 million pounds of extra payments to Qatar.
11/26/2019
Aldar bullish on 2020 as government policies boost property market
New lending caps and other rule changes positive for the real estate sector, a top executive says
11/25/2019
First Joint Conference between Saudi, UAE Bank Officials Kicks off in Riyadh
The conference is an opportunity for bank officials from Saudi Arabia and the UAE to discuss and identify key challenges and opportunities in areas with international importance and impact on the banking sector.
11/25/2019
Ten Arrested in London for Hauling Millions in Suitcases into UAE
The United Arab Emirates has increasingly come under scrutiny for its role in laundering money for criminals.