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…
Legal
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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…
Norton Rose partner quits Abu Dhabi base for Standard Chartered amid spate of exits
Norton Rose has lost another Middle East partner, with Abu Dhabi corporate finance specialist Patrick Watson-Thorp leaving the firm to…
DFSA Withdraws Licence of Siraj Capital (Dubai) Limited
The Dubai Financial Services Authority (DFSA) today announced that it has withdrawn the Licence of Siraj Capital (Dubai) Limited (Siraj)…
Dubai World unit sued by US-based hedge fund
A US-based hedge fund has launched legal action against Dubai’s Drydocks World for repayment of about $45.5m after the unit…
Islamic finance expert joins Simmons & Simmons
Simmons & Simmons, an international law firm, has announced that Ahmed Butt has joined its Middle East financial markets practice…
Citi, Saudi Family Fight Over Hedge Fund, Private Equity Losses
Citigroup is seeking to stop a nearly $400 million arbitration claim over its handling of a Saudi family's alternative investments…
Onyx Investments seeks court ruling on Oman's Blue City
Onyx Investments, a subsidiary of Oman's sovereign wealth fund, is seeking a judgement from an Omani court that would allow…
Standard Chartered 'not guilty' of over lending, CEO says
Standard Chartered has said it was not guilty of over lending during the UAE’s five year real estate boom and…
BIBF Launches ‘Fundamentals of Risk Management’ programme in collaboration with CBB
BIBF’s Fundamentals of Risk Management programme has been developed in collaboration with the Central Bank of Bahrain (CBB) to offer…
Saudi Arabia: Leaked cable reveals how royals get rich
A secret cable sent from the US Embassy in Riyadh, Saudi Arabia, in 1996, released by WikiLeaks, provides an in-depth…
Saudi billionaire has $9.2bn freezing order lifted
In what was described as a "significant victory" in his ongoing and bitter legal dispute with members of his wife's…