Middle East
Investment | 2 Sep 14
UAE developer dealt legal blow as it
Legal services company, Judicare Group, has secured a landmark ruling in the UAE against a property developer which failed to construct a residential development, despite taking more than £50m from at least 700 investors worldwide.
Middle East | 2 Sep 14
Mirabaud adds to Middle East team
Mirabaud Asset Management has hired Majid Hassan as head of business development for the Middle East.
Middle East | 26 Aug 14
Research reveals full number of regulated UAE
Research house Insight Discovery has begun to map out the number of regulated advisory firms operating across the Gulf Cooperation Council (GCC) countries.
Middle East | 22 Aug 14
Private bank loses $200m case in DIFC
DIFC-based Bank Sarasin-Alpen has lost a significant case against a wealthy Kuwaiti family, after it was found to have mis-sold investments worth $200m during the 2007/2008 financial crisis, with its CEO singled out for particular criticism.
Middle East | 21 Aug 14
Standard Chartered may face legal challenges
Standard Chartered may face legal action in the United Arab Emirates after the New York Department of Financial Services reached an agreement with the bank on Tuesday for it to exit “high-risk client relationships” within certain business lines in its UAE branches.