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RBS fined $615 million for rate riggingBritain's Royal Bank of Scotland will pay US and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates. More… |
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UAE relaxes penalties in cheque bounce casesThe UAE will stop imprisoning expatriates for writing cheques that bounce, Abu Dhabi daily The National reported on Tuesday, citing a senior official. The UAE's tough penalties for defaulting on loans, which is a criminal offe More… |
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StanChart sees $330 million Iran fineStandard Chartered expects to pay $330 million to settle a case with US regulators for breaking sanctions on Iran, the Asian-focused bank said on Thursday, a second such penalty which could almost wipe out its profit growth thi More… |
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BP to pay $4.5bn penalty over oil spillBP will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst offshore oil spill in the US history, it said yesterday. The settlement includes a $1.256 billion More… |
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Tougher penalties for police attackersThugs who attack police and other members of Bahrain's security forces will receive tougher punishments under new legislation approved by the Shura Council yesterday. The amendments to the Penal Code were approved just six days after b More… |
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Tougher penalties for police attackersThugs who attack police and other members of Bahrain's security forces will receive tougher punishments under new legislation approved by the Shura Council yesterday. The amendments to the Penal Code were approved just six days after b More… |
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Penalty-free food inspection campaigns launchedField Operations Department at Abu Dhabi Food Control Authority (ADFCA) has carried out a penalty-free food inspection campaign in the Western Region. Not involving any kind of violations, warnings or closures, the campaign is aimed to ra More… |
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Berlusconi firm ordered to pay $800m penaltyA Milan appeals court on Saturday cut to 560 million euros ($801 million) a compensation payment by Italian premier Silvio Berlusconi's holding company to the rival CIR conglomerate. The appeal court's ruling over a 19991 takeover battle f More… |
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Emaar sees no impact from India penaltyDubai-based Emaar Properties said it would not be affected by a penalty by Indian authorities, after New Delhi said it would penalise the firm for delays and defects in the constructon of the Commonwealth Games village. More… |
Hefty penalty for traffic law violationsThe Qatari Traffic Department has warned the public who do not give way to vehicles on emergency and security duties that they face heavy fines and imprisonment. Anyone who violates the new traffic law will be sentenced to imprisonment of More… |
