11/17/2011
Kuwait bourse suspends 50 firms
The Kuwait Stock Exchange (KSE) yesterday suspended trading in the shares of 50 firms, about a quarter of those listed on the bourse, for not reporting their financial results on time.
Legal, Tax, Regulation & Compliance
11/17/2011
FATCA will affect almost all Financial Institutions
Following the rule that all non FATCA compliant might be subject to 30pc US withholding tax
11/11/2011
Emirati Deputy Registrar at DIFC Courts receives global accolade
Ms. Al Owais was officially recognised at the IBA meeting held in Dubai last week
11/10/2011
FSA hits Dubai-based investor with GBP4m fine
The charge is in relation with the 66-year-old trader's shady involvement in a case slapped against Reliance Industries
10/28/2011
Senior member of Bahrain's royal family involved in $6m bribe suit
The senior member of the royal family was arrested Monday for corruption in relation to alleged shady deals over contracts for Australian alumina imports.
10/27/2011
Court upholds longest fraud jail terms
Court upholds longest fraud jail terms
10/19/2011
Norton Rose partner quits Abu Dhabi base for Standard Chartered amid spate of exits
Norton Rose partner quits Abu Dhabi base for Standard Chartered amid spate of exits
10/19/2011
DFSA Withdraws Licence of Siraj Capital (Dubai) Limited
DFSA Withdraws Licence of Siraj Capital (Dubai) Limited
10/13/2011
Citi, Saudi Family Fight Over Hedge Fund, Private Equity Losses
Citi, Saudi Family Fight Over Hedge Fund, Private Equity Losses
10/12/2011
Onyx Investments seeks court ruling on Oman's Blue City
Onyx Investments seeks court ruling on Oman's Blue City
10/12/2011
UAE, Switzerland sign pact to avoid double taxation
UAE, Switzerland sign pact to avoid double taxation
10/12/2011
Etisalat launches cashless mobile payment service
Etisalat launches cashless mobile payment service
10/10/2011
Saudi Arabia: Leaked cable reveals how royals get rich
Saudi Arabia: Leaked cable reveals how royals get rich
10/07/2011
Citigroup Sues to Block Arbitration of Saudi Investors’ Claim
Citigroup Sues to Block Arbitration of Saudi Investors’ Claim
09/30/2011
HSBC given priority in fight for assets of Al Gosaibi business family
HSBC given priority in fight for assets of Al Gosaibi business family
09/30/2011
Bank accounts of 14 Kuwait MPs to be frozen in bribery inquiry
Bank accounts of 14 Kuwait MPs to be frozen in bribery inquiry
09/29/2011
QFC Regulatory Authority issues statement on the conduct of unlicensed financial services
QFC Regulatory Authority issues statement on the conduct of unlicensed financial services
09/27/2011
Tamweel disputes to be moved into Dubai courts system
Tamweel disputes to be moved into Dubai courts system
09/20/2011
U.S. tax-evasion probe turns to Israeli banks
The U.S. pursuit of offshore tax evaders is widening to include Israel, where U.S. authorities are scrutinizing three of Israel's largest banks over suspicions their Swiss outposts helped American clients evade taxes, people briefed on the matter sai
09/19/2011
Deposit guarantee may stay longer
The UAE government is considering extending a three-year decision to guarantee bank deposits introduced just after the eruption of the 2008 global fiscal crisis to protect its financial system, an official has said.