BNP Paribas 'could pay $3bn to resolve Iran claims'
BNP Paribas is in talks with US authorities to pay more than $3bn to resolve probes into whether the French…
Legal
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Qatar's financial regulator bans, fines senior JP Morgan exec
A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the…
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…
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…