25th July 2018
The UK Serious Fraud Office (SFO) said on Tuesday it was seeking to resurrect a high-profile prosecution of Barclays (BARC.L) over undisclosed payments to Qatari investors during the credit crisis two months after a London court dismissed its case. The agency had been praised as “fearless” for taking on one… Read More
22nd May 2018
AP — A court has dismissed charges against Barclays relating to its emergency fundraising from Qatar at the height of the financial crisis. The Serious Fraud Office had accused Barclays over a 2008 deal to give to Qatar Holding LLC a $3 billion loan that was then used to… Read More
16th November 2017
By Oliver Laughland, Guardian A senior Fifa official took at least $1m in bribes to vote for Qatar to host the 2022 World Cup, a witness testified in court on Tuesday, as part of a broad investigation into corruption at Fifa. Julio Grondona, a senior vice-president at Fifa and head… Read More
25th October 2017
The United States on Wednesday imposed sanctions on individuals and an entity which it said were linked to sponsoring terrorism in Iraq, Syria and Yemen. The US Treasury’s Office of Foreign Assets Control (OFAC) issued the designations targeting leaders, financiers and facilitators of the Islamic State and al-Qa’ida… Read More
10th October 2017
10 October By Damian Fantato, FTAdviser The Financial Conduct Authority is understood to have dropped its investigation into a senior manager at Barclays. The regulator had been looking into Richard Boath, the former European head of Barclays’ financial institutions group, as part of a probe into activity around an emergency… Read More
19th September 2017
Qatari authorities stepped up their support of domestic banks for the third month in a row in August in an attempt to offset foreign withdrawals as the showdown between the Gulf emirate and a Saudi-led alliance show no sign of abating. The Qatari economy is bearing the brunt of the… Read More
16th August 2017
Sanctions imposed by other Arab states are continuing to push up food prices in Qatar while hurting the real estate market, but not to the point of damaging the economy severely, according to inflation figures released by the government. The annual inflation rate fell back in July, after spiking in… Read More
31st July 2017
The four Arab states of Saudi Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain are reportedly set to consider fresh economic sanctions on Qatar at a meeting in Manama, Bahrain’s capital. The foreign ministers of the four countries are “expected to impose sanctions that will gradually affect the Qatari… Read More
10th July 2017
Qatar has $340 billion in reserves including holdings of its sovereign wealth fund that could help the Gulf country to weather the isolation by its powerful Arab neighbors, central bank governor Sheikh Abdullah Bin Saoud al-Thani told CNBC. “This is the credibility of our system, we have enough cash to… Read More
10th July 2017
The four Arab states leading the boycott against Qatar said late on Thursday that Doha’s refusal of their demands was proof of its links to terrorist groups and that they would enact new measures against it. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain released a joint statement carried… Read More
Must Read

EU states still divided over money laundering reform – sources

European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday. EU confidential documents show countries had agreed a preliminary common stance on the reform proposed by the European Commission in September which would give more… Read More

Former UBS trader jailed for Britain’s biggest fraud deported

Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in… Read More