Bird & Bird Hires Partner to Head Up Global Islamic Finance
International law firm Bird & Bird has appointed partner Gregory Man as the new global head of Islamic finance based…
Legal
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2 Saudi royals, others officials investigated for fraud
Saudi Arabia’s top military commander in its yearslong war in Yemen and his prince son have been removed from their…
To enable trade relations, Israel must first remove UAE banks from its blacklist
Israel's financial team on the delegation that is visiting Abu Dhabi has signed a memorandum of understanding to partner with…
UAE makes significant progress in combating money laundering and terror funding
In its continuing efforts to strengthen the UAE’s Anti Money Laundering and Counter Terrorist Financing (AML/CFT) framework, the National Committee…
Bahrain jails Future Bank officials; $47mln fines issued for money laundering
Three Future Bank officials have been sentenced to five years in jail and fined $1 million each following a series…
NMC Health faces advisory fees of $140m for bankruptcy
The restructuring of NMC Health Plc through an Abu Dhabi court could cost as much as $140 million in consultancy…
Turkish firms play intermediary role in Central Asian money laundering operation
When the Uighur businessman Aierken Saimaiti was murdered in Istanbul on Nov. 10 he was five days from obtaining Turkish…
The Quiet Man in Stockholm Who Laundered China’s Oil Money for Iran
By all outward appearances, Hatam Khatoun Nema was a small-time money changer working from a nondescript office in Järfälla, a…
Israeli, UAE law firms to collaborate on framework for business ties
The Israeli law firm Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. (GKH) and BSA Ahmad Bin Hezeem & Associates…
BAB organises series of meetings on financial disputes’ settlement
The Bahrain Association of Banks (BAB) will organise a series of online meetings with stakeholders in the government, private and…
Kuwait passes law to protect ailing companies, attract investors
The Kuwaiti parliament has approved a law to increase protection for troubled businesses and provide two new options before they…
Dubai law to regulate family businesses
The law, which defines the terms of the family ownership contract, and the powers and obligations of its manager, is…