Dubai corruption
Resources
Former minister faces charges in Dubai
The Emirate’s public prosecution has charged a former minister of state for finance with embezzlement and “damaging state interests”
Dubai police chief urges law change
Dubai’s police chief has called for an easing of regulations surrounding cheque fraud amid predictions that the rising human cost of the financial crisis will impact on the police’s work until 2010
Seven charged over alleged $501m Dubai fraud
Dubai’s public prosecution has charged seven businessmen with crimes related to an alleged scheme to defraud Dubai Islamic Bank of $501m, official records show
Three held in Dubai corruption probe
The authorities have detained senior managers at Dubai Waterfront, one of the emirate’s most ambitious property developments, as part of an inquiry into bribery allegations
Dubai business leader in cash probe
A senior member of Dubai’s business and political elite has been caught up in an investigation into financial irregularities in the emirate’s property sector, the Financial Times can reveal
Dubai mortgage lenders in merger talks
Government-controlled Amlak Finance and Tamweel, with a combined balance sheet of Dh27bn, say the consolidated group would have sufficient size to expand outside the UAE
Dubai’s watchdog sanctions Shuaa Capital
Dubai’s financial regulator has sanctioned investment bank Shuaa Capital for alleged share manipulation
Dubai bank seizes UK suspect’s project
Dubai Islamic Bank has seized control of a high-end Dubai real estate project as the British developer behind the scheme gets dragged into an investigation over allegations of corruption and fraud at the bank
Kuwaitis seek Sama Dubai arbitration
Al Arabiya property company has sent notice to the government-linked developer after a three-month delay
The transparency shortfall
A survey of Gulf corporate governance has identified dark spots and clear winners
