Barclays to hand Qatar deal papers to the SFO
Barclays has abandoned its protracted fight with the Serious Fraud Office over sensitive documents about its 2008 Middle East fundraising…
Legal
2649 articles found
Swiss Affiliate Bank in Middle East Responsible for Financial Mis-selling Fails to Comply With Court Ruling
One of two defendants in the biggest ever financial mis-selling case in the GCC region, Bank Sarasin-Alpen (ME) Limited, the…
Barclays Israel again questioned on tax evasion
Barclays Israel CEO Leonard Rosen was summoned back for additional questioning by the Israel Tax Authority, following the testimony he…
Regulator wants orders blocking Dubai Bank liquidation lifted
Dubai Bank had been put under receivership over liquidity and capital deficiencies, but the High Court ruled that the process…
Major international law firm opens its own Iran office in Tehran
CMS has become the first major international law firm to open a dedicated office in the Iranian capital, Tehran, led…
Dentons becomes first law firm in the Middle East to achieve ISO 22301 certification
Dentons has become the first law firm in the Middle East to achieve the internationally recognised ISO 22301 certification…
HSBC subsidiary hired senior staff with unaccredited degrees
Two senior compliance staff hired by HSBC Saudi Arabia, a subsidiary of the main British bank, have unaccredited business degrees,…
Iran, Turkey normalize banking ties
Banking ties between Tehran and Ankara have been normalized, Ali Reza Bikdeli, Iran’s Ambassador to Turkey wrote on his Facebook…
Egypt, Russia, UAE to sign deal on joint investment fund tomorrow
Egypt, Russia, and UAE will sign in Cairo Tuesday an agreement to establish a tripartite investment fund, Egyptian Industry Minister…
IFRS For SMEs Explained
After years of discussion, the new Commercial Companies Law No 02 of 2015 has been introduced, requiring all UAE businesses…
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J.…
JSCL restricted from buying Dubai Bank’s stakes in BankIslami
The State Bank of Pakistan (SBP) did not show any flexibility to Jehangir Siddiqui and Company Limited (JSCL), wishing to…