Friday 27 March 2015

Fugitive banker gets additional 3-year term

A fugitive banker who has already been sentenced to 15 years in jail for embezzlement, money laundering and fraud in five separate cases has been handed an additional three-year term. Former Unicorn Bank chief executive Majid Al R


Britain gets better Swiss tax deal terms

Switzerland has revised a tax pact agreed with Britain last year and will offer it a higher rate of withholding tax, after Germany earlier this month succeeded in obtaining more favourable terms in a similar deal with the Swiss government.


Maximum 8-year term for ministers urged

Government ministers should stay in power for no longer than eight consecutive years, said participants at Bahrain’s National Dialogue. They agreed to the proposal during discussions at the political session last night. 'Some o


Tabreed sets final terms for $408m trust certificates

National Central Cooling Company (Tabreed) on Wednesday announced the final terms for its Dh1.5 billion ($408 million) fixed rate sharia compliant mandatory exchangeable trust certificates due 2011. The issue is subject to an increase opt

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