FSA hits Dubai-based investor with GBP4m fine
The Financial Services Authority has imposed its biggest-ever fine on an individual, ordering a Dubai-based investor to pay £6m for…
Legal
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Italian law firm opens in Abu Dhabi
Gianni, Origoni, Grippo and Partners, a leading international law firm headquartered in Rome with offices in Italy, Brussels, London and…
British banks facing claims risk in Saudi fraud case
HSBC and Standard Chartered could be dragged into a multi-billion dollar dispute between warring Saudi factions after the banks were…
Saudi billionaire accuses Standard Bank of conflict of interest
Saudi billionaire Sheikh Mohamed Bin Issa Al Jaber has hit back in his High Court battle with Standard Bank, accusing…
More expected to flock to Turkey as Bakers secures long-planned launch
Baker & McKenzie is set to join the growing ranks of international law firms in Turkey after entering into a…
International law firm adds Banking & Finance partner to Middle East team
International law firm Clyde & Co., have announced that banking & finance partner Adrian Low has joined its Middle East…
Hunting down US tax evaders
The US government is more aggressively hunting down tax evaders, which may be making some Americans living in the UAE…
Warning over downgrade puts DIFC Investments under pressure
Standard & Poor's has warned of a potential downgrade of the credit rating of DIFC Investments, the investment arm of…
Regulators will have to disclose financial stake
A new decree on corporate governance aiming for the independent regulation of companies will ensure that regulators are not wearing…
Senior member of Bahrain's royal family involved in $6m bribe suit
A senior member of Bahrain’s royal family has been named as a co-conspirator in bribery charges against a leading London-based…
Court upholds longest fraud jail terms
The longest jail terms handed out in a single UAE fraud case have been upheld by an appeals court. Six…
UAE has highest Arab bank adequacy
The UAE has the highest capital adequacy ratio in its banks in the Arab world because of a steady rise…