New requirements will not imperil offshore formation
Last month’s column on offshore companies led to a storm of requests seeking clarifications on a number of issues, particularly…
Legal
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Qatar's central banker boasts $340B in reserves, says country not worried about the current boycott
The governor of Qatar's central bank believes the country's economy will be able to fully withstand any financial shocks brought…
Qatar to sue Arab state quartet for ‘siege’ damages, sets up new body to calculate losses
Doha is threatening to sue Saudi Arabia, the United Arab Emirates, Bahrain and Egypt for their ongoing blockade and has…
Charles Russell Speechlys launches in Hong Kong and Dubai
Charles Russell Speechlys has announced its first expansion into Asia by opening an office in Hong Kong. Charles Russell…
Two JIT members quietly leave for Doha
In an important development, two members of the joint investigation team (JIT) probing the Sharif family’s offshore properties have quietly…
Barclays defendants released on bail
A group of former Barclays executives have been released on bail in a case concerning allegations they conspired to commit…
ED to approach six countries for details on Vijay Mallya’s properties
The Enforcement Directorate will now approach six countries — the United Arab Emirates, the US, France, Singapore, Ireland and Mauritius…
Examining the charges of fraud against Barclays
On June 20, it was revealed that the former chief executive of Barclays, John Varley, and three of the bank’s…
UAE envoy to US linked to Malaysia 1MBD scandal, say reports
Companies connected to the UAE envoy to the US received $66mn from offshore accounts that contained money allegedly embezzled from…
Saudi Arabia’s multibillion corporate collapse: Al-Gosaibi exec on his role in 8-year saga
The collapse of the Saudi Arabia-based Al-Gosaibi business in 2009 was a seismic event in the financial world, and in…
UAE, Panama among countries praised for 'strong progress' towards tax transparency
Global tax watchdogs have praised the progress made towards tax transparency by a number of previously 'non-compliant' jurisdictions.30 Jun 2017…
Bahrain expands its capacity to fight international tax avoidance and evasion
Today, at the OECD Headquarters in Paris, H.E. Sheikh Ahmed bin Mohammed Al Khalifa, Minister of Finance of Bahrain signed…