UK fraud office steps up probe into Barclays over Qatar: FT
The UK fraud office stepped up its probe into British bank Barclays Plc's dealings with Qatar, the Financial Times reported…
Legal
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Israel Inks Model 1 FATCA IGA
Bloomberg BNA is reporting that Israel has signed a FATCA IGA. The agreement is a Model 1 agreement, meaning…
Bahrain: New $1.9bn claim in bank collapse
Administrators of a collapsed Bahraini bank have filed a $1.9 billion lawsuit against a Saudi conglomerate caught up in a…
Kuwait's Investment Dar makes new offer to creditors
Investment Dar, the Kuwaiti firm which holds a stake in luxury carmaker Aston Martin, said on Wednesday it had made…
Countries commit to automatic exchange of information in tax matters
Bank secrecy for tax purposes is coming to an end as countries and major financial centres commit to automatic exchange…
King & Spalding Recruits Finance Lawyeri to Its Saudi Practice
King & Spalding has recruited Zaid Al-Farisi, a finance lawyer with substantial experience in Saudi Arabia, as a partner in…
Latham & Watkins Advises on €3.15 Billion Multicurrency Loan Facility for Emirates Telecommunications Corporation
Latham & Watkins advised Emirates Telecommunications Corporation ("Etisalat") -as guarantor- and White Falcon Finance Company Limited -as borrower- on a…
Kuwait joins FATCA in substance
The Ministry of Finance has announced that the State of Kuwait joined the list of countries which agreed initially in…
UAE strengthens enforcement against money laundering
The UAE has taken steps to clear up concerns about money laundering in the region with new rules clamping down…
Oman, Spain sign agreements
MoUs cover defence, tourism, archives and double taxation — MUSCAT — Oman and the Kingdom of Spain signed a memorandum…
Ex-Mizrahi Banker Said to Be Indicted in U.S. Tax Fraud Case
Former Mizrahi Tefahot Bank Ltd. senior vice president Shokrollah Baravarian was indicted for helping U.S. customers conceal their assets from…
Expats, offshore investors and multinational companies are the target of a new global tax network that is set to revolutionise how governments impose tax laws.
Expats are flocking to the UAE in their droves as the idea of a better financial and weather climate becomes…