Kuwaiti banker faces arrest in Switzerland over $850m probe
A wealthy Kuwaiti businessman staying in London faces arrest if he travels to Switzerland for allegedly stealing nearly $850 million…
Legal
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Lebanon court orders the seizure of bank governor’s assets
The order was issued following a lawsuit filed against Salameh by lawyers Hassan Adel Bazzi, Haytham Adnan Ezzou, Jad Othman…
Dubai authorities rejects the application of Nigerians applying for a tourist visa
Dubai authorities have reportedly rejected the application of Nigerians applying for a tourist visa to the United Arab Emirates as…
Dubai Chamber webinar examines legal implications of Covid-19-related business debts
Businesses in the UAE should be fully aware of the legal considerations with respect to the recovery of payments as…
Saudi company sues Natwest over ‘$5m scam’
A Saudi engineering business that claims it was tricked into sending $5 million to a Natwest bank account at a…
Saudi's new corporate law will see creation of more flexible companies: Official
Abdul Majeed Al-Abdul Wahab, director-general of the companies’ laws and policies at the Ministry of Commerce, said that the new…
Pinsent Masons appoints new leader for Banking and Finance practice in Middle East
Pinsent Masons, the multinational law firm, has appointed Matthew Escritt, banking and finance partner, to lead the firm’s Banking and…
UAE corporate scandals require a clean up
Two years ago, the spectacular fall from grace of Dubai-based private equity titan, Abraaj, concentrated minds on the importance of…
Strategic pension reforms rethink by Bahraini lawmakers
Six new urgent reforms that require legislators’ consent have been presented by the government in a bid to prolong the…
1MBD scandal: Kuwait royal family member arrested for money laundering
Sheikh Sabah Jaber Al Mubarak Al Sabah, son of the former prime minister, and his business partner Hamad Al Wazzan,…
Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary
German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of…
Norton Rose Fulbright forced to quarantine Dubai staff after infection
Norton Rose Fulbright shut down its Dubai office for a fortnight after a staff member contracted COVID-19, but the firm…