More high-net-worth individuals in Middle East buying second passport
As immigration policies around the world get tougher and political instability in some countries persist, a growing number of Arab…
Legal
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Cayman and BVI poised to benefit from forecast Islamic finance growth
Offshore centres are poised to benefit from the enormous growth forecast in Islamic finance over the next few years, says…
Conyers’ double-win at Islamic Finance News Awards
Conyers Dill & Pearman received Overall Deal of the Year and UAE Deal of the Year awards for the establishment…
Why UAE's new bankruptcy law is a boon for business
Businessmen will no more have to face arrest or legal prosecution for unpaid debts, nor do they have to flee…
Abu Dhabi Attorney-General orders arrest of suspects in connection with bogus investment portfolio
Ali Mohammed Al Balushi, Attorney-General of Abu Dhabi, ordered the arrest of 20 suspects involved in a bogus investment portfolio…
HSBC discloses tax evasion probes in India, other countries
Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its…
Credit Suisse’s Israeli Desk in New Tax Evasion Probe
Swiss banking organization Credit Suisse is under investigation by the IRS for helping Americans living in Israel or with Israeli…
Ex-KWM partners asked to cough up money for lawyers and support staff suffering undue hardship
Former partners from now defunct law firm King & Wood Mallesons have been asked to contribute towards a hardship fund…
Commercial Bar under fire for promoting Dubai as a world arbitration centre
The British Irish Commercial Bar Association has been criticised by a UK charity for promoting Dubai as a world centre…
Abu Dhabi financial law underscores transparency
A new law in Abu Dhabi is intended to ensure transparency and accountability in all of the city’s government work…
UAE's Gulf Navigation reaches deal with DVB, BNP Paribas and DNB
Gulf Navigation Holding, GulfNav, has announced that it has reached a full and final settlement with DVB Bank SE, BNP…
MPs Gradually moving towards solution
In an attempt to revive old wounds, 39 MPs agreed on discussing the so called ‘multi million deposits’ file despite…