Avoiding rags to riches in three generations: family governance in the Middle East
How can clients and their advisers ensure that family businesses can survive and prosper in the region? Family owned…
Legal
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DWF strengthens banking & finance practice with partner hire
DWF has appointed Yasser Yaqub as a partner to its Dubai banking & finance practice with a focus on project…
UAE bank told to pay for Dh4.7 million after SIM swap fraud
A recent judgment by a Dubai court, which held a local bank responsible for a Dh4.7 million SIM card swap…
Climate change could make parts of the world ‘too hot for humans’
Imagine a world where between one and two billion people are exposed to heat and humidity that is consistent with…
Nigerian court orders seizure of Emirates Airlines aircraft worth millions of dollars over $22000 debt
A Nigerian Federal High Court sitting in the commercial city of Lagos has ordered the seizure of an aircraft belonging…
Middle East business-friendly reform praised
The World Bank has commended the number of business-friendly reforms being undertaken by Middle Eastern countries, with four of the…
UAE Central Bank to set up single fintech coordination office
The United Arab Emirates (UAE) Central Bank (CB) has announced that it is to launch a focused FinTech Office to…
Maina’s son withdraws N58m, Dad over $800K in Dubai
A prosecution witness, Abdulahi Bashir, a branch manager with one of the old generation banks, told a Federal High Court…
Paralegal sues Trowers & Hamlins as head of Abu Dhabi office resigns
Trowers & Hamlins sent its HR Director to the Middle East to deal with the fallout after a paralegal was…
Nine arrested in Yorkshire over Dubai money-smuggling plot
Nine men have been arrested in Yorkshire as part of a money-laundering investigation into a gang who was smuggling money…
Saudi banks’ crackdown on financial fraud sees big fall in cases
Saudi banking organizations are winning the fight against financial fraud after figures showed a significant fall in the number of…
Malaysia Gets Abu Dhabi's IPIC Into Court Over 1MDB
In a major triumph for Malaysia’s prosecutors the British Court of Appeal ruled in their favour to overturn an earlier…