Dubai Police: Over 800 bank fraud cases in three years
More than 800 bank fraud cases have been reported in Dubai over the last three years, Dubai Police said on…
Legal
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Saudi regulator removes cap on ownership for strategic investors
Saudi Arabia removed a cap on ownership of publicly traded companies for foreign strategic investors, paving the way for international…
Banks Legal & Corporate Services promotes newest Partner
Banks Legal & Corporate Services has announced the promotion of Amir Dahbain as its newest partner. In the partnership Amir…
Former Barclays boss cleared in Qatar fraud case
The former chief executive of Barclays has been acquitted after a judge ruled there was "insufficient evidence" to support the…
Ex-StanChart Lawyer Fights Bank Over Wolf-Whistles, ‘Hairgate’
Standard Chartered Plc chief Bill Winters has said that the bank, plagued by allegations of misconduct, must overhaul its culture.…
UAE investors hit as dodgy 'halal' firm folds up in India
Scores of Indian expats in the UAE have been left devastated after losing their life savings to a dodgy ‘halal’…
Egypt's former president Morsi dies in court after heart attack
The former Egyptian president, Mohammed Morsi, died in Cairo on Monday at the age of 67. Egyptian state television…
Man demands compensation from UAE bank
An Emirati businessman is demanding Dh60 million from a local bank for causing him financial losses when it refused to…
When corruption strikes Dubai
One of the problems that keeps developing nations from developing is corruption. When crooked leaders don’t honor deals with foreign…
Three Abraaj Executives Charged in U.S. Fraud Investigation
Three additional former executives of The Abraaj Group were charged in New York in a fraud investigation into the firm’s…
UAE Convicts Alleged 1MDB Co-Conspirators: Report
Two individuals accused of playing prominent roles in the sprawling 1Malaysia Development Bhd. scandal have been convicted of financial crimes…
UK Trying to Settle £1.25b Claim by Bank Mellat
The British government is locked in crunch talks in an effort to avoid a lengthy high court battle by settling…