Ex-bank convicted of $26m fraud in Bahrain
A Bahrain court has sentenced a former bank chief executive convicted of embezzling BD10 million to jail for four years…
Fraud & Ethics
711 articles found
UBS has got itself into a royal pickle in Kuwait.
UBS has got itself into a royal pickle in Kuwait. The Swiss bank is fighting a claim that it failed…
UBS fights legal claim by Kuwaiti royal
The case of a Kuwaiti royal suing UBS for failing to pay him an agreed sum of $21.4 million returns…
Bahrain court adjourns trial of ex-CEO of bank
Bahrain’s High Criminal Court has adjourned the money laundering case filed against Majid Al-Refai, former chief executive officer of Bank…
Former Dewey Dubai partners take action to recover unpaid dues
A group of former Dewey & LeBoeuf Dubai partners have filed for creditor protection in the emirate's courts in an…
DIFC enacts two amendments of its regulatory and markets laws
The Dubai International Financial Centre (DIFC) has issued an amendment to the regulatory law of DIFC No. 4 for…
Revealed: Saudi royals' secret $1bn US empire
A secret $1bn US property empire amassed by members of the Saudi royal family is the subject of a bitter…
Iranian bank sues rival over fraud allegations
Iran's biggest bank said on Thursday it had taken legal action against another local lender, an Iranian news agency reported,…
India, Bahrain Sign TIEA
India signed an Agreement with the Government of the Kingdom of Bahrain for the Exchange of Information with respect to…
India sets up Gulf unit to track NRI tax evaders
India’s efforts to track down tax evaders could soon see officials monitoring the funding flows of nationals living in Gulf…
Risk management ‘vital for bank boards’
Risk management has become a top priority for bank boards in the wake of the ongoing financial crisis, said experts…
EFG-Hermes linked to Egypt graft claims
The Middle East’s leading investment bank is tangled up in Egyptian corruption allegations involving two sons of the deposed president…