Saudi private jet industry stalls after corruption crackdown
A crackdown on corruption in Saudi Arabia has severely dented the kingdom's private jet industry in a sign of the…
Legal
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Man Group to fight $156m Kuwaiti lawsuit
A Kuwaiti state pension fund is suing Man Group, the UK alternative investment manager, in a UK court for $156m.…
Saudi 'corruption' purge grounds country's private jet fleet: Report
Saudi Arabia’s self-proclaimed crackdown on corruption has kept dozens of jets worth hundreds of millions of dollars stuck on the…
Turkish Journalist Sentenced To Prison Over Paradise Papers’ Investigation
Turkish journalist Pelin Ünker has been sentenced to jail over the Paradise Papers investigation after being found to have defamed…
Investors aghast after jailed CEO denies taking money from them
Heera Group investors in the UAE and other parts of the region have been left aghast after its CEO denied…
HSBC Turkey CEO being probed for 2013 Erdoğan retweet
A Turkish prosecutor is investigating the head of HSBC Holding’s Turkish unit for allegedly insulting President Recep Tayyip Erdoğan, according…
Ex Barclays boss John Varley among four of the bank's former executives facing £6bn Qatar corruption trial
Former Barclays boss John Varley will go on trial next month in a blockbuster fraud case set to grip the…
Clifford Chance in key Bahrain utility project refinancing role
Clifford Chance, a leading global law firm, said it had played a key role as advisor to Engie, a world…
Turkish Banks Take Over Largest Phone Operator After Default
A group of Turkey’s major banks took control of Turk Telekom AS, the nation’s largest phone company, setting it up…
Dubai resident returns to find $1m missing from bank account
A Dubai resident got the shock of his life when he found out that he lost $1 million (Dh3.67 million)…
Asians in the dock for embezzling Dhs20m from bank
The Abu Dhabi Appellate Court heard the case of three Asians, an employee, a businessman and an auditor charged with…
Dubai regulator plans rules for fund platforms
The Dubai Financial Services Authority has published a consultation paper proposing new rules for establishing fund platforms to allow fund…