Sunday 19 April 2015
 
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Traders not complying with new rules to face jail time

Traders found to be selling products that do not comply with a new specifications and standards law currently under discussion at Bahrain’s Shura Council could face fines or jail time. The new government-drafted bill will gi

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Tough new traffic law in Bahrain from Feb 8

Motorists in Bahrain who even touch their mobile phones while driving could be fined up to BD500 ($1,318) under the new new traffic law which will be implemented from February 8. Policemen will be out in force next week to impose

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Bahrain plans tough crackdown on embezzlers

Embezzlers in Bahrain will soon face up to three years in jail and BD5,000 ($13,260) fines if they are convicted of forging signatures, signing documents without proper authorisation or destroying original deeds or receipts for the purpose of co

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Emirates ID exempts new categories from paying fines

The Emirates Identity Authority has exempted elderly, people with special needs, social security beneficiaries and their sponsored members from paying the additional services fees for the identity cards. With this move, the number

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Possible $10bn US fine on BNP unreasonable: France

France said it would defend the interests of its biggest bank BNP Paribas, calling a possible $10 billion-plus US fine "unreasonable" and warning it could have a bearing on transatlantic free trade talks. French governme

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Saudi govt doctors working in private clinics warned

Saudi Arabian authorities have issued an official notice to private hospitals and medical centres not to recruit doctors and health practitioners working with the government, said a report.   The directives also

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Barclays fined $44m over gold prices 'fix'

Barclays has been fined £26 million ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012.

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$163m fine for Emirati woman!

An Abu Dhabi court has imposed a fine of Dh600 million ($163.33 million) on an Emirati woman after she was convicted of embezzling public funds and forging documents while working for a government department, an Emirates 24/7 report said.

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Automatic licence holders 'can't drive manual cars in Qatar'

The drivers in Qatar with automatic transmission licenses cannot drive ‘manual’ cars and will be fined, said a report. Brigadier Mohammed Saad Al-Kharji, the traffic department director, pointed out that drivers with a

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Kuwait Al Ahli Bank chairman fined $5.3m

A Kuwaiti court has fined the chairman of Al Ahli Bank, the country's eighth largest bank by market capitalisation, 1.5 million dinars ($5.3 million) over alleged insider trading in the bank's shares. The Court of First In

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