UAE introduces new legal framework for venture capital funds
Aiming to facilitate the work of innovators and attract venture capital funds to the country, the new legal system involves…
Legal
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Four arrested as millions stolen from Kuwait office – Joint efforts bust gang in UK
High-level cooperation between the Kuwaiti and UK authorities has led to the arrest of four expatriate accountants working for the…
Dentons advises Muscat National Development and Investment Company SAOC on land acquisition
Dentons advised Muscat National Development and Investment Company SAOC on the acquisition of a plot of land measuring 1.5 million…
Boss of Dh50m foreign currency scheme in Dubai arrested
The man behind a Dh50 million foreign-exchange scheme that promised to double investors’ money has been arrested, fraud investigators say.…
Ithmaar's new group structure wins approval
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today that it has obtained final approval from the Central Bank of…
Dubai Bank claims Sh1bn from ex-owner
Collapsed lender Dubai Bank has filed a suit claiming the $11 million, Sh1.1 billion its founder and former chairman, Hassan…
Ashurst acts on advising for major Jordan wind farm
Ashurst advised the lenders on the successful closing of the Fujeij wind farm project in Jordan, which reached financial close…
Dubai provides debt advice for expats
The government in the United Arab Emirates has a message for the many people who fled the country in the…
Fitch: Courts Will Be Key to Implementing New UAE Bankruptcy Law
The ability of the UAE courts to interpret the federation's new bankruptcy law and handle bankruptcy proceedings will be key…
Israeli diamond billionaire arrested in bribery investigation
A billionaire Israeli diamond tycoon has been placed under house arrest as police investigate his alleged involvement in an international…
UAE among 30 countries to implement new tax-evasion policy
The United Arab Emirates will implement a new global transparency policy which will bring to an end baking secrecy in…
PTI raises questions about investments in Dubai real estate
In the wake of revelations regarding offshore investments by more than 500 Pakistani nationals in the Panama Papers leaks, the…