Qatar, Russia cleared of World Cup corruption
The 2018 and 2022 FIFA World Cups will go ahead in Russia and Qatar as planned after the ethics committee…
Legal
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HSBC loses 2.7mn users’ data in Turkey cyber attack
HSBC Holdings’ Turkish unit said it lost 2.7mn customers’ bank data in a cyber-attack. The hack resulted in the…
Barclays sued by Saudi developer for $10 billion
A Saudi real estate company has sued Barclays for $10 billion, claiming the bank ceased pursuing lease payments due from…
Mashreq establishes Corporate Alliance with anti-fraud organisation
H.E. Abdul-Aziz Al-Ghurair, CEO of Mashreq, commented, “We are proud to be the first Bank in the Middle East to…
Al Ruwayeh & Partners wins 'Banking and Finance Legal Team of the Year' Award
Al Ruwayeh and Partners has announce that it has recently won the prestigious 'Banking and Finance Legal Team of the…
Seychelles Central Bank takes control of beleaguered Bank of Muscat International Offshore
Scarcely three weeks after the announcement that relations between the Bank of Muscat International Offshore (BMIO) and its correspondent bank…
Latham & Watkins advises on the Middle East’s largest ever IPO
The 500 million shares sold in the IPO were held by the Saudi Public Investment Fund (PIF), and were divided…
SocGen Denies Bribing Qaddafi Friend in Libya Fund Case
Societe Generale SA (GLE) denied paying bribes to Libya’s sovereign wealth fund, saying $58 million in payments to a family…
Tax data demand risk to bank secrecy
A leading banker warned Thursday that some of the proposed laws on the exchange of tax information could pose a…
Israel probes ‘millions of euros’ hidden in Switzerland
Israel is investigating whether nationals are evading taxes by hiding money in unreported accounts at Swiss banks including UBS AG…
Gulf Cooperation Council (GCC) Investment Outlook 2014
The Gulf Cooperation Council (GCC) Investment Outlook 2014, published by Mergermarket, in conjunction with Dr. Saud Al-Ammari Law Firm in…
Improving Kuwait's business environment in the making
Permanent Committee for Streamlining Business Environment made major steps towards improving business media in the country, Kuwait Foreign Investment Bureau…