Bank manager in Dubai convicted of Dh1 million cheque scam
A financial manager who embezzled more than Dh1 million from the bank where he worked and then fled the country was…
Legal
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Saudi group offers new settlement
Ahmad Hamad Algosaibi & Brothers Co. has invited financial institutions with claims against the company to attend a meeting in…
Libya Fund Accuses French bank of Fraud
French bank Société Générale paid a middleman $58 million in alleged bribes to secure almost $2 billion in business from…
Saudi Arabia's Algosaibi calls May creditor meeting
Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers has called a meeting of creditor banks in Dubai on May 7…
UAB and Just Wills to offer HNW clinets Shari’ah will-writing service in UAE
United Arab Bank (UAB) has partnered with Just Wills to launch a new end-to-end will-writing and registration service which are…
Clifford Chance names banking partner as new Middle East head
Clifford chance has named banking and finance partner Robin Abraham as new Middle East managing partner to replace current head…
ISRAEL: BoI bank controller orders compliance with FATCA
FATCA was enacted in the US in 2010 in an effort to combat tax evasion by US persons holding investments…
Region needs pre-emptive action against Bitcoin
It was not so long ago that we were warned of the risk of dealing in the digital currency of…
Norton Rose Fulbright appoints new debt capital markets partner
Gregory joins from Clifford Chance in Hong Kong where he was a senior debt capital markets lawyer. Prior to being…
Oman, Belgium sign pact to avoid double taxation
The Omani-Belgian Businessmen Forum on Wednesday major agreements here to strengthen business and trade relations between the countries. …
IBRC seeks documents from Dubai firms linked to Quinn family
Companies deny role in the alleged conspiracy to moIrish Bank Resolution Corporation is seeking orders requiring two related Middle Eastern…
SAMA chief reasserts KSA’s commitment to global AML
“Saudi Arabia’s role and commitment in the Anti Money Laundering (AML) area is evident on the local and international levels.…