Former Drake & Scull CEO arrested in Jordan
A former top official at Drake & Scull International was arrested by Jordanian authorities following an Interpol alert sounded by…
Legal
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Former Barclays chief wanted to deliver ‘additional value’ to Qatar
John Varley, the former chief executive of Barclays, first suggested that additional commission could be delivered to Qatar via a…
Cybersecurity Threats Call for a Global Response
Last March, Operation Taiex led to the arrest of the gang leader behind the Carbanak and Cobalt malware attacks on…
DIFC firms face March 2020 economic substance rules deadline
Businesses operating within the Dubai International Finance Centre (DIFC) have been given until the end of March 2020 to file…
Chase Bank ex-chair's illicit plan to open Somalia bank
On June 16, 2016, Mr Shahad Haider of Dubai’s Sajjad Haider Chartered Accountants was hired to liquidate the Iman Holding…
Regulation of Crypto Assets
Introduction The rapid growth of crypto assets has raised questions about the appropriate regulatory perimeter and the ability of…
DIFC introduces new leasing law
The Dubai International Financial Centre (DIFC) has enacted a new DIFC Leasing Law No. 1 of 2020 that specifies requirements…
New regulations amend income tax law and introduce transfer pricing requirements
Executive regulations published in Qatar’s official gazette on 11 December 2019 clarify and in certain cases substantially amend provisions of…
Dubai regulator fines defunct wealth firm nearly $250,000
The Dubai Financial Services Authority had announced that it has fined Morgan Gatsby Limited, approximately USD 246,000 (approx. AED 900,000),…
Bank scam gang arrested in UAE, stole thousands from residents
A gang of four phone fraudsters, who were able to steal Dh12,199 from residents' bank accounts, has been sentenced to…
Clifford chance and AS&H advise on a $1.9bln refinancing package for Arabian Centres Company
Clifford Chance, together with Abuhimed Alsheikh Alhagbani Law Firm, have advised the joint lead managers and lenders on a US$1.9…
Squire Patton Boggs adds three partner team in Dubai
Squire Patton Boggs have expanded its Middle East presence with the addition of a team of three partners in its…