Friday 4 September 2015
 
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Saudi market regulator fines Al Tayyar Travel

Saudi Arabia's stock market regulator said on Monday it has imposed two fines worth SR200,000 ($53,000) on Al Tayyar Travel Group for failing to disclose the extension of a contract with the Ministry of Education. Al Tayyar sa

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US auto safety regulators fine Fiat Chrysler record $105m

The US auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicles.

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US auto safety regulators fine Fiat Chrysler record $105m

The US auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicles.

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Bahrain to act tough on utility bill defaulters

People could be sentenced up to a year in jail and fined up to BD2,000 ($5268) if they have improper unstandardised electrical appliances or illegal unauthorised connections. Parliament will vote during Tuesday's session on a

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StanChart unit to invest $175m in Nuqul’s FINE

A Standard Chartered Private Equity (SCPE) led consortium has invested $175 million for a significant minority stake in FINE, a leading integrated tissue manufacturer across the Middle East and North Africa (Mena) region. The majo

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StanChart unit to invest $175m in Nuqul’s FINE

A Standard Chartered Private Equity (SCPE) led consortium has invested $175 million for a significant minority stake in FINE, a leading integrated tissue manufacturer across the Middle East and North Africa (Mena) region. The majo

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Bahrain approves tougher penalty for child abusers

Tougher punishments for people, who physically or sexually abuse children or the mentally ill, were approved by the Bahrain’s Shura Council yesterday (May 10). Jail sentences of three months and fines of BD100 ($265) could b

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Bahrain election saboteurs to face jail time and fines

Anyone trying to sabotage Bahrain's national elections could be jailed for two years and fined up to BD2,000 ($5,303) under new rules proposed by the Shura Council. Civil servants would face a tougher punishment of up to three

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Deutsche Bank fined record $2.5bn over rate rigging

Deutsche Bank agreed with US and British authorities to pay a record $2.5 billion to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world. As part of the deal, Deutsche

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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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