Alleged head of BitConnect cryptocurrency scam arrested in Dubai
If it sounds too good to be true, it probably is -- and certainly appears to have been the case…
Legal
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DFSA applies limits on Abraaj Capital’s activities in DIFC
Abraaj Capital Limited (ACL), the only company belonging to the beleaguered Abraaj Group, regulated by the Dubai Financial Services Authority…
Khalifa issues amendments to UAE Cybercrimes Law
President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued Emiri Decree No. 02 of 2018 amending the UAE Cybercrimes…
Court reserves judgement in Abraaj bounced cheque case
A Sharjah court on Tuesday reserved the judgement in the bounced cheque case against Arif Naqvi, founder of the beleaguered…
Israel’s richest woman questioned for hours in suspected Africa bribery case
Israel’s richest woman, US-Israeli billionaire and philanthropist Shari Arison was questioned for 9 hours on Sunday on suspicion of involvement…
UAE's RERA, Dubai Commercial Bank sign agreement
The Real Estate Regulatory Agency, RERA, at Dubai Land Department, signed a partnership agreement with Commercial Bank of Dubai, CBD,…
Nirav Modi spotted in Dubai, may be in Egypt now
Diamond merchant Nirav Modi’s last location was traced to Dubai recently but intelligence agencies have since lost track of him.…
Saudi Arabia’s Spat With Canada Risks Backlash From Investors
Saudi Arabia’s diplomatic rupture with Canada risks complicating the kingdom’s efforts to woo foreign investors as it seeks to overhaul…
Israel's Mizrahi, Union Bank to appeal anti-trust ruling on merger
Mizrahi-Tefahot Bank and Union Bank will appeal to Israel’s anti-trust court a decision by the country’s anti-trust authority to rejected…
Germany tightens cash transfer rules as Iran seeks funds
Germany’s central bank is changing its terms and conditions to provide for deeper scrutiny of cash transfers, a move that…
Dubai seeks to launch a ‘Court of the Blockchain’ to verify judgments
Following on from news that the National Bank of Dubai adopted blockchain technology for use in a check-issuance system earlier…
ADSS expands legal team with new hires in the Middle East
Abu Dhabi based financial services company ADSS – which recently rebranded from ADS Securities – has announced that it is…