Wednesday 27 May 2015
 
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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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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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