Saudi, UAE executives face probe over Malaysia's 1MDB scandal
Two officials from an energy company in Saudi Arabia and two former officials from Abu Dhabi sovereign funds are among…
Legal
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Erdogan Expands Clout Over Central Bank, as He Promised
Turkey’s President Recep Tayyip Erdogan moved to cement his control over the economy, claiming the exclusive power to appoint central…
Abraaj founder reaches ‘out-of-court settlement’
The National reports that the lawyer of Arif Naqvi, the founder of Abraaj Group, has said that his client has…
String of UAE firms disclose exposure to Abraaj Group
First Abu Dhabi Bank, the UAE's largest lender, as well as conglomerate Al Qudra Holding and venture capital firm Waha…
Will Lebanon legalize marijuana? Minister says it could be a $1 billion industry
Lebanon is considering legalizing the cultivation and exportation of marijuana, according to a member of the country's caretaker cabinet. …
Fighting financial crime is costly but worth every penny
Fighting financial crimes is emerging as a huge concern for financial institutions and businesses as large numbers of business entities…
GFH to pursue David Haigh's Dubai and London assets in damages enforcement
GFH, the Dubai-listed parent of investment banking company GFH Capital, will start enforcement proceedings in Dubai and London for an…
Lawyer: Dubai’s troubled Abraaj nears out-of-court settlement
A lawyer for the founder of embattled Dubai-based private equity group Abraaj said Thursday it is close to an out-of-court…
Dubai courts uphold claims against ex-Leeds owner Haigh
DIFC Courts have upheld a multi-million dollar judgment against former deputy chief executive of GFH Capital David Haigh after his…
KPMG was a key witness as investment firm Abraaj unraveled
The unraveling of Abraaj Group, a once-high flying champion of emerging markets investing, is drawing attention to the role played…
Abraaj Capital: The rise and fall of a Middle East star
While mega financial company scandals have taken the limelight in the past, with analysts wondering how bankers can be so…
Dubai investigates Abraaj over alleged mismanagement: sources
Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial…