Victor Dahdaleh is accused of making corrupt payments of over $63 million to the former chairman of Alba.
The new proposal is less than a fifth of the size of the original and is designed to boost London’s status rather than to diversify Britain’s investor base.
David Cameron, Prime Minister of the UK, gives his reasons for why the emirate should host the expo.
Britain exported 42,000 tonnes of barley to Saudi Arabia during the 2012/13 season according to customs data.
The bank’s retail business in the UAE was sold to Abu Dhabi Commercial Bank in 2010.
The payments were made under “advisory service agreements” linked to Barclays’ emergency fundraising with Qatari investors.
Arabesque is due to open to investors in the first quarter of 2014 and will focus on value-based investment strategies.
The companies were holding talks to merge certain parts of their businesses.
Prince Abdullah bin Mosaad bin Abdulaziz Al Saud has promised to invest substantial new capital into the club.
BBA was holding talks with its U.S. rival StandardAero over a $4.2 billion tie-up.
HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.
The station is part of a $1.56 billion global eavesdropping project, say reports citing leaked documents from Edward Snowden.
Two Lamborghinis have been seized for being uninsured as London police use a rare Aventador to highlight awareness.
The Foreign Office said on August 6 it had withdrawn all staff from the embassy due to a high threat of kidnapping.
GFH Capital offloaded a 10 per cent stake to Bahrain-based International Investment Bank earlier this year. It has now sold a total of more than half the shares.
Rainbow Hospitals, a specialised maternity and paediatric healthcare chain, is based in Hyderabad, India.
Rory Tapner, Coutts CEO, reveals how the UK’s most famous private bank is set on carving out a slice of the region’s rapidly growing wealth.
The Kuwaiti form bought Little Chef from private equity firm RCapital.
Abbas Yazdi, a British-Iranian citizen, was reported missing on June 25.
The prince, third in line to the throne, was born to Kate and William on Monday.
Prince William and Catherine Middleton married in April 2011. This is their first child, becoming the third in line to the throne.
The UK group bought Topaz Oil and Gas to expand its growth in the Middle East.
However, GCC investors are looking beyond traditional luxury hotspots such as Mayfair and Knightsbridge.
Kuwait Investment Authority, which has around $342 billion assets under management, has increased investment in Britain to over $24 billion.
Dassault’s Rafale jets and the BAE Systems-backed Eurofighter have been locked in competition for the deal to replace at least 60 of the UAE’s Mirage fleet.
Mark Beer becomes an OBE and Joseph Tabet an MBE, in recognition of their work to promote UAE-UK ties
The 330 square metre facility will highlight operations and achievements of commercial air travel.
Lloyds also said on Wednesday that it would close its business in Dubai and intended to withdraw from South Africa.
The UK’s new residency criteria could have major consequences for some expats, says James Thomas, regional director at Acuma Independent Financial Advice.
The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.