Oman's Bank Muscat hit by $39m prepaid card fraud
Bank Muscat, Oman's largest lender, will take an impairment charge of up to OMR15m (US$39m) after a small number of…
Legal
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Taylor Wessing plays role in NASDAQ Dubai exchange advisory group
NASDAQ Dubai has established an advisory group of experts to prepare for a proposed new market for small and medium-sized…
Cross-Border Tax On Islamic Finance Prohibitively High
A new study into the cross border tax burden on Islamic finance transactions in the Middle East and North Africa…
FATCA presents challenges for Lebanon
The head of Lebanon’s banking association warned Tuesday of the challenges facing Lebanon banks due to new U.S. banking regulations…
G20 ‘determined’ to address tax evasion by multinational companies
The G20 group has expressed determination to crack down on multinational corporations seeking tax evasion in their home countries. The…
Regulation Schregulation by Phil Banas
The global wealth management industry is increasingly focused on complying with the torrent of new regulations pouring forth from hyper-active…
Dutch Bakers spin-off adds Luxembourg office and Turkey capability
Dutch boutique Van Campen Liem, launched a year ago by a team from Baker & McKenzie, is expanding into Luxembourg…
Troubled Bahraini bank Arcapita files reorganisation plan
Bahrain-based Arcapita Bank, the first Gulf company to file for bankruptcy in the United States under Chapter 11 rules, said…
DFSA Signs Agreement With European Securities and Markets Authority
The Dubai Financial Services Authority has entered into an important agreement with Europe's Securities and Markets Authority. The signing took…
Enforceability of judgments between the DIFC Courts and English Commercial Court
The Chief Justices of the DIFC Courts and the Commercial Court of the Queen's Bench Division, England and Wales (Commercial…
Dubai Group Lenders Said to Decline RBS, Standard Bank Offer
About 20 lenders to Dubai Group LLC, which is restructuring $6 billion of debt, declined an offer to receive 18.5…
Swiss tax haven is over
Switzerland will now assist international tax authorities in disclosing information on bank accounts held by foreigners who avoid taxation at…