Irregularities found Habib Bank's UAE operations
A Middle East operation of Pakistan’s largest bank displayed “significant irregularities” in dealings with politically exposed clients and screening some…
Legal
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Expected change in banks map Egyptian market
It seems that the Egyptian market is on a date with strong changes in the map of the banks operating…
$450 Million Superyacht in Divorce Case Freed to Leave Dubai
A $450 million superyacht at the center of London’s largest divorce fight may be finally allowed to set sail from…
Oman: Measures to encourage foreign investment
The authorities have started evaluating foreign investments for approval in setting up 100% foreign owned companies in Oman under the…
Dubai gets new cyber risk information sharing platform
Cybersecurity agencies and companies are to share information on a new platform to help businesses in the Dubai International Finance…
Turkey plans to stiffen penalties for manipulation in banking overhaul
Turkey is planning to stiffen the punishment for insider trading and market manipulation as part of a broad overhaul of…
UAE banks head for Indian courts to recover $7bn loan defaults
As many as 9 UAE-based banks are understood to be in the process of initiating legal action against Indian defaulters…
United Arab Emirates Courts Convict Fraudsters; Warn Banks and Telecoms Providers
The onshore and offshore courts of the United Arab Emirates —that is to say, the courts in “mainland” UAE and…
Jones Day appoints Middle East head
Jones Day has appointed international disputes and investigations specialist Sheila Shadmand as partner-in-charge of the its Middle East Region. …
Jersey’s Royal Court fines Abu Dhabi Commercial Bank £475,000
A Middle-Eastern bank has been fined £475,000 by Jersey’s Royal Court for failing to abide by money-laundering laws. The…
Walkers Dubai Named Best Offshore Law Firm 2020
Walkers Dubai has been named Best Offshore Law Firm at the 2020 MENA Fund Manager Fund Service Awards. The…
PwC dragged into bitter Middle East legal battle between an entrepreneur and a sovereign wealth fund
PwC has been dragged into a legal dispute between an Iranian-American entrepreneur and a Middle Eastern sovereign wealth fund. …