Commercial UAE Edition

financial services

Indian state-run bank sanctioned loans to defaulting firm-document

The court ordered the two executives and four others to be remanded in custody until June 27 for further questioning.

legal

Support Legal appoints Chief Technology Officer in bid to become region's first digital law firm

Guest will oversee Support Legal's digitization strategy and implementation, including the development of a first-of-its-kind digital platform

saudi arabia

Al Tamimi & Company further strengthens regional footprint with promotion of seven lawyers to the partnership

Two new partners for Saudi Arabia, supporting the firm's growth strategy in the Kingdom

legal

64 Indians duped of Dubai trip worth Dh95,000, tour operator arrested

They were promised a cheap deal for a five night, six day trip to Dubai

iran

Iran's Khameni advises parliament to pass own anti-money-laundering law

Iran has been attempting to implement standards set by FATF

real estate

Saudi Arabia's Real Estate Fund faces fund recovery problems

570,000 defaulters have not updated personal information, says official

islamic finance

Malaysia seeks to lay multiple charges against ex-PM Najib over 1MDB - Mahathir

Mahathir has barred Najib from leaving Malaysia

financial services

Report claims Britain's Lloyds misled investors over HBOS fraud

Report alleges HBOS knew of fraud as early as 2004

aerospace

EU ruling on Thales' $5.5bln Gemalto buy due by July 23

Thales sought EU approval on June 18, according to a filing on the EU competition enforcer's site

financial services

Abraaj says court appoints PwC and Deloitte as joint liquidators

Abraaj had filed a petition in the Cayman Islands last week, asking the court to appoint provisional liquidators for the embattled company.