Bahrain bank Alkhair wins key ruling
The Bahrain Chamber of Dispute Resolution (BCDR) has issued a verdict in favour of Bank Alkhair against Falah Nasser Hamad…
Fraud & Ethics
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Burgan Bank to sue Ex MP
The Burgan Bank intends to file a lawsuit against former MP Faisal Al-Mislem to demand compensation amounting to KD1 million…
Barclays denies wrongdoing in Saudi Arabia
Jeddah Barclays did not make any "illegal payment" to win a banking licence in Saudi Arabia, the bank said in…
U.S. Engaging With More Than 50 Countries To Curtail Offshore Tax Evasion
The U.S. Department of the Treasury today announced that it is engaged with more than 50 countries and jurisdictions around…
Coutts dropped Gulf clients after UK pressure
Coutts, the private banking arm of UK government-backed Royal Bank of Scotland Group (RBS), dropped Gulf customers this year…
State prosecutor indicts former Hapoalim chairman
The State Prosecutor today filed an indictment with the Tel Aviv District Court against Dan Dankner for crimes allegedly committed…
Turkish gold trade booms to Iran, via Dubai
To see one of Iran's financial lifelines at work, pay a visit to Istanbul's Ataturk International Airport and find a…
Israel Securities Authority joins IOSCO European Regional Committee
The International Organization of Securities Commissions (IOSCO) has approved the Israel Securities Authority's application to join its European Regional Committee…
Abu Dhabi bank sues Dubai crown prince's firm
An Abu Dhabi bank has filed a legal claim against Dubai's Zabeel Investments, according to court papers seen by…
Ex-Bahrain bank CEO jailed for five years
The High Criminal Court in Bahrain has sentenced a former senior banking official to five years in prison. …
Mashreq clear to pursue case
Mashreq, the UAE bank caught up in the affair, will also get its chance to press for the repayment of…
I’ll See You in Court…in Dubai
The courts in Dubai’s international financial center could become a lot busier in the years ahead, thanks to a little-noticed…