Former Abraaj managing partner fined $1.9m by Dubai regulator
The Dubai Financial Services Authority has fined former Abraaj managing partner Mustafa Abdel-Wadood $1.9 million for breaching its rules and…
Legal
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Dubai FSA fines and bans financial services firm director pending tribunal outcome
A former senior executive officer and director of financial services firm La Tresorerie Limited, Gilles Rollet, was provisionally fined $175,000…
UAE-based Global Advocates further consolidates its presence in the region
Global Advocates, one of the leading regional law firms in the Middle East, with offices in the UAE, Oman, and…
Bahrain Court Orders Five Years In Jail, Hefty Fines For Financial Fraud
The High Criminal Court yesterday awarded fiveyear jail terms each to two people for running an investment scam. The…
DIFC enacts changes to its employment laws
The Dubai International Financial Centre has enacted changes to its employment law to bring in a number of clarifications and…
UAE to introduce new Federal Data Law
The UAE has introduce a new Data Protection Law, the first federal law of its kind in the region. The…
Dubai royal divorce begins
The biggest divorce case in British legal history began yesterday as a Jordanian princess arrived at court to demand a…
Clifford Chance advises on historic UAE first bond issue
Leading international law firm Clifford Chance has advised the Federal Government of the UAE, acting through the Ministry of Finance,…
UAE: Offshore FinTech Trends
The Cayman Islands has leveraged its position as an offshore funds jurisdiction to establish itself as an offshore Fintech hub.…
UAE drafts new law on charity fundraising to combat money laundering
The UAE is developing a new law that will further regulate fundraising and donations for charity in the country to…
Retail group Marka declared bankrupt by Dubai court in landmark judgement
The UAE retail and leisure company, Marka, has been declared bankrupt by a local court and all of its its…
UAE drafts new law on charitable fundraising to fight money laundering
The UAE is set to implement a new law that will further regulate fundraising and money donations for charity in…