Businessman accused of embezzling wife’s Dh30.5m
A banker and a businessman have been accused of forging documents to embezzle Dh30.5 million from the account of the…
Legal
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UAE Central Bank orders closure of money exchange
The UAE Central Bank has ordered the closure of a small money exchange house after detecting irregularities, official sources told…
Qatar and UK continue to count the cost of Barclays bailout
Be careful what you wish for in the world of international banking — you might just get it. That…
UAE Central Bank signs MoU with Abu Dhabi Judicial Department
The Central Bank of the UAE has signed an MOU with the Abu Dhabi Judicial Department, regarding electronic linkage with…
Chipping away at the personal debt problem
At the time of David Oliver’s arrest for unpaid debt in the UAE, he had no idea he was in…
Megabank project to support Turkey's aim to increase share in participation banking
Turkey and Indonesia are working on a lender project that will operate in compliance with Islamic law. Though talks are…
Ex-Globaleye MD Balsdon joins Dubai-based Holborn Assets in new role
Scott Balsdon, who left the Dubai-based Globaleye advisory business earlier this year after four-and-a-half years as its managing director, has…
Bank manager, official accused of siphoning off client’s Dh26 million in Dubai
A bank branch manager and an administrative officer have been accused of defrauding a businessman of Dh26 million using deceptive…
King & Wood Mallesons partner leaves to launch Dubai base for Charles Russell Speechlys
Charles Russell Speechlys is set to launch in Dubai with the hire of a partner from King & Wood Mallesons…
United Arab Emirates – the latest "tax haven" to sign up to enhanced tax transparency
On the 21 April 2017, the United Arab Emirates (UAE) officially signed up to the Multinational Convention on Mutual Administrative…
Charles Russell Speechlys highly commended at the Middle East Legal Awards 2017
Charles Russell Speechlys was recognised last week as a Finalist in three “Team of the Year” categories in the Gulf…
New Shariah standards for Islamic financing, banking launched in Dubai
A set of new Shariah standards for Islamic banking and financing have been launched by the Accounting and Auditing Organisation…