06/20/2019
FIAU made 12 requests for information to UAE in 2018
17 Black was incorporated in Dubai and had its account at Noor Bank, which was opened in 2015, closed in 2018.
Legal, Tax, Regulation & Compliance
06/20/2019
Palestinian finances near collapse as cuts deepen: monetary chief
Palestinian Authority accumulates $3bln in debt
06/19/2019
More UAE banks to merge, KPMG predicts
Firm's latest analysis of GCC banks' results forecasts more consolidation in overbanked markets such as UAE and Oman
06/19/2019
Cryptocurrency platform HAYVN approved by Abu Dhabi regulator
The platform also plans to get approvals from UK regulators.
06/19/2019
UAE's FAB to close Qatar operations
"FAB's decision to close its QFC branch follows many months of baseless actions by the QFCRA."
06/19/2019
Dubai suspends licence of company in DIFC
The company RCL provided corporate and investment advisory services to individuals
06/19/2019
Boutique Firm Led by Ex-UBS Banker to Bid for Abraaj Funds
Tell Group is offering $25 million to manage seven funds
06/19/2019
Ex-StanChart Lawyer Fights Bank Over Wolf-Whistles, ‘Hairgate’
The allegations come as Standard Chartered attempts to move on from a litany of concerns about misconduct
06/19/2019
Trade Bank of Iraq and ESDS software solution sign MOU for developing Fintech and a cloud platform
This is the latest in a number of strategic agreements we have made with leading firms in the region to help rebuild, develop and modernise Iraq.
06/19/2019
DFSA suspends licence of Rasan Capital Limited
RCL's licence was suspended due to serious concerns about the adequacy of its financial resources
06/18/2019
UAE investors hit as dodgy 'halal' firm folds up in India
Life-savings lost in suspected Ponzi scheme
06/18/2019
Will VAT rate go up in GCC?
The IMF recently recommended that five per cent VAT levied in Saudi Arabia and the UAE as part of a GCC-wide framework should be raised
06/18/2019
Abraaj investor Patrick Chalhoub cautions against over regulation after fund's collapse
The Dubai businessman, who invested in Abraaj's Fund 4, says there is need for better corporate governance
06/18/2019
Egypt's former president Morsi dies in court after heart attack
The former president died aged 67
06/18/2019
Man demands compensation from UAE bank
The bank had refused to encash a Dh10 million cheque he had issued.
06/18/2019
Fraudster behind $50m Bitcoin scam that duped UAE investors admits crimes
Haddow's other business scams include a milk line, glow in the dark plastics, a hotel ownership plan and even an attempt to buy the world's oldest newspaper, UK-based The Observer.
06/18/2019
When corruption strikes Dubai
Many local leaders, notably Sheikh Mohammed Bin Rashid of Dubai, have gone out of their way to welcome global investors into their country, enriching all sides and diversifying the UAE’s economy beyond oil.
06/17/2019
Three Abraaj Executives Charged in U.S. Fraud Investigation
Former CFO, two ex-managing directors face new U.S. charges
06/17/2019
How Lebanon Will Dodge Its Looming Debt Crisis
The biggest problem of all those is the debt, which has been caused by massive overspending by the government.
06/17/2019
UAE Convicts Alleged 1MDB Co-Conspirators: Report
The pair must also jointly pay €300 million, half of which will go to IPIC, which is referred to in court documents as the “victim company,” the WSJ said.