US Justice Dept expands probe into Saudi bank licenses
A U.S. investigation into whether Barclays Plc paid bribes to win a banking license in Saudi Arabia has spread to…
Legal
2649 articles found
Standard Chartered expects further $330m Iran fine
Standard Chartered said it expected to pay a further $330m (£205m) to settle allegations that it breached US sanctions with…
UAE tax treaties surge 40 per cent as wealth funds rise
The UAE is accelerating tax treaties with trading partners as global jurisdictions fight to win a greater share of taxable…
Morocco joins neighbours to draft sukuk law
Morocco is drafting a law to allow the sale of Islamic bonds, joining North African neighbours seeking to lure more…
Kuwait investment firm uses UK court to implement debt restructuring
Kuwait's Global Investment House secured backing from the majority of bank creditors for its restructuring on Monday, a move the…
Morocco Eyes Tax On Wealth
Morocco's Finance Minister Nizar Baraka has recently underlined the need for the government to examine both the "feasibility and the…
International law firm advises on $900m syndicated facility for First Gulf Bank
The Dubai office of international law firm Norton Rose has advised a syndicate of fourteen banks in relation to a…
British boss lost job for not being a Muslim, claims banker
James Bagshawe, 53, was made redundant from his £185,000 a year post as chief operating officer at Sharia-run Gatehouse Bank…
Dubai Group, Banks Said Close to $6 Billion Debt Agreement
Emirates NBD PJSC (EMIRATES) and Noor Islamic Bank are among creditors close to an agreement with Dubai Group LLC on…
Show me the money: Regulators looking for the Gulf's private money
Shadow banking is a catch-all term for an industry that encompasses hedge funds, private equity firms and structured investment vehicles,…
UAE signs agreement with to avoid double taxation on income
The United Arab Emirates, represented by Ministry of Finance, signed yesterday an agreement with Mexico to avoid double taxation on…
Azerbaijan withdraws both valid licenses for securities management at request of their holders
The State Committee for Securities of Azerbaijan has no claims to the holders of the securities management licenses revoked from…