CMS adds further weight to ICE Disputes team in Dubai
CMS has announced the appointment of Greg Sibbald as a Legal Director in the firm’s Infrastructure, Construction and Energy Disputes…
Legal
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Saudi Arabia's sovereign wealth fund denies link to Capco deal talks
The Saudi Arabian Ambassador has quashed reports his country’s sovereign wealth fund is backing property tycoon Nick Candy’s potential bid…
UK Supreme Court upholds first successful claim for breach of the "Quincecare" duty financial institutions owe their customers
In Singularis Holdings Ltd (In Official Liquidation) v Daiwa Capital Markets Europe Ltd ([2019] UKSC 50), the Supreme Court upheld…
Saudi threatens expat employers with jail terms
Saudi Arabia has threatened to impose of jail terms and huge fines for transporting or recruiting what it is classifying…
$2m fraud in Dubai: How two men conned bank customers
A bank manager and an investor have both been convicted by a Dubai court on Monday on charges of fraud…
Afghan Pols’ Secret Dubai Mansions
Leaked documents have unmasked senior Afghan officials and their families as recent owners of luxury offshore property in Dubai, The…
Canadian in Dubai Arrested for Fraud, Including Crypto Fraud via Habibi Coin, the “Bitcoin of the Middle East”
A Canadian living in the Burj Khalifa, Dubai’s most famous luxury building, has been arrested for serial fraud, including cryptocurrency…
International law firm appoints Head of Middle East
International law firm Pinsent Masons has appointed Catherine Workman as Head of Middle East. Catherine has been with the…
Maples Awarded for Groundbreaking Deal at IFLR Middle East Awards
The Maples Group has announced that it has once again been recognised at the 2019 IFLR Middle East awards that…
Credit Suisse: Saudi Aramco Deal Beckons
The initial public offering of Saudi Aramco, the world’s largest oil producer, will probably take place in December. Credit Suisse…
Dubai Police Arrest “Middle East Bitcoin” or Habibi Coin Founder for Defrauding Millions from Investors
In a strange irony, ‘serial multimillionaire’ Dubai based entrepreneur and philanthropist, Aziz ”Com” Mizra, was taken into custody early on…
GCC rate cuts: UAE residents will now be able borrow money for lower rates
The Central Bank of UAE and other leading central banks across the GCC cut their key interest rates late on…