Ex-Dubai Bank boss now faces fresh suit
Two companies and a businessman opened bank accounts at Dubai Bank then relinquished their control to the collapsed lender’s chairman…
Legal
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Barclays Bosses Face Fraud Charges Over Qatar Dealings
Four former bosses at Barclays are the first executives to face charges over the way they handled the financial crisis…
Abu Dhabi court ruling to allow investor to proceed with case against Citi
The Abu Dhabi Court of Appeal has ruled in favour of a financial investor in the UAE, allowing him to…
Abu Dhabi Securities Exchange distributed $6billion cash dividends in H1 2016
Abu Dhabi Securities Exchange, ADX, has distributed around AED22.1 billion in cash dividends to investors during the first six months…
Banker bribed to invest Dhs70m in penny stocks
A bank manager pocketed Dhs541,000 bribes to invest Dhs70m in inactive stocks in the briber’s home country, a jury heard…
Dozens held in probe into FETO-linked Bank Asya
Turkish police arrested Friday at least 42 suspects as part of an ongoing investigation into Bank Asya, an Islamic lender…
Abu Dhabi investigators foil attempt to steal $173m from UAE bank account
Abu Dhabi’s Public Funds Prosecution and Criminal Investigation Department have foiled an attempt to steal more than Dhs635m ($172.8m) from…
Investigating fraud in the UAE
Global law firm Baker McKenzie recently hosted seminars for senior executives in Dubai, Abu Dhabi and Ras Al Khaimah on…
How to Set Up a Fintech Business in the UAE – Part 1: Onshore Financial Service Regulation and Licensing
UAE-based fintech companies should understand the applicable onshore regulations — many of which are new and largely untested — when…
UAE to get first legal structure for foundations
Abu Dhabi Global Market has revealed its intention to create the UAE’s first legal structure for foundations. According to…
Bahrain’s GFH receives $2.5m as legal settlement from Prescott Energy
Bahrain-based investment bank Gulf Finance House has received $2.5m in cash as the legal settlement in a case filed against…
Qatar Development Bank signs cooperation MoU with Dubai Exports
As the spate of global hacking continues unabated at government websites, hospitals and big companies — with the most recent…