RELATED STORIES

Dubai confirms ex-Mizin CEO in custody

Head of Tatweer unit is being held in police custody 'pending investigations', says Attorney General.





Fraud in Gulf at 'alarming levels'

Fraud costing the region billions of dollars every year, according to KPMG 2008 GCC Fraud Survey.





Former Tatweer VP arrested

Sami Al-Hashmi is latest senior exec to be detained amid investigation into corruption.





Former Dubai Islamic Bank head arrested

Deyaar corruption probe continues with arrest of Saad Abdul Razak.





Shahin may remain in custody until end of probe

Dubai attorney general says investigation into former Deyaar CEO still ongoing.





Dubai Holding unit to take 32% stake in troubled Shuaa

Dubai Banking Group to convert $408mn worth of bonds on Oct. 31, as planned. 





Taskforce set up for Dubai corruption probe

Police chief says more arrests could be made as special unit continues to probe firms.





Corruption drops across Gulf

UPDATE 1: Report picks out Oman and Qatar as making improvements in stamping out corruption.





Tamweel axes Al-Shirawi from board

Move comes day after Istithmar suspended prominent business figure as vice-chairman.





Istithmar suspends Al-Shirawi, Kalthoum

UPDATE 2: Ex-Tamweel execs suspended, news sends shares in mortgage lender down 10%.





Tamweel looks to shore up investor confidence

Dubai mortgage lender says latest arrest will not affect finances as shares drop.





Tamweel deputy CEO arrested

UPDATE 1: Abdulla Nasser Abdulla detained by police in connection with 'ongoing investigation'.





Dubai's deputy ruler calls for more transparency

Sheikh Maktoum orders shake-up within government in bid to raise standards.





Etisalat probe after $7.4mn 'stolen over two years'

UPDATE 2: Company insists its procedures are robust, helped to uncover wrong-doing.





Four Sama Dubai execs arrested - report

Lagoons CEO Abdulsalam Almarri among those quizzed as probe continues.





Tamweel says it's not under investigation

Mortgage lender says corruption probe limited to former CEO and head of investments.





Tamweel: Corruption probe will not hit profits

Dubai mortgage lender remains on course for 80% profit growth - financial chief.





Ex-Nakheel consultant quizzed in bribes probe

Palm developer pledges its commitment to being open and transparent in business dealings.





Minister vows to expose corruption

Government official pledges to promote transparency, as Al Shirawi investigation continues.





Wealth fund chief backs corruption probe

Investment Corporation of Dubai CEO second business figure to do so in as many days.





Deyaar backs Dubai corruption crackdown

Chairman of developer, whose former CEO resigned amid fraud probe, pledges support.





Dubai's zero tolerance pledge on corruption

UPDATE 1: Emirate's public prosecutor promises strict and prompt action against offenders.





Real estate arrests to hit UAE markets

News that senior figures at Nakheel and Tamweel are being investigated likely to weigh on stocks.





Nakheel exec in bribery scandal named

UPDATE 1: Media reports say general manager of sales being questioned by police.





Police arrest Adel Al Shirawi

UPDATE 2: Tamweel says it is unaware of investigation into dealings of former chief executive.





98% call for more transparency in real estate

Arabian Business poll reveals widespread concerns about buying, renting in local markets.





Property giant Nakheel launches staff audit

Company's bid to 'ensure transparency and regulation of procedure'.





Bank probe sparks calls for compliance

Better bank compliance, transparency urged in wake of investigation into irregularities at Dubai Islamic.





Senior JP Morgan exec detained in DIB probe

Omair Mooraj second former Dubai Islamic employee caught up in fraud investigation.





Dubai Islamic says financials unaffected by corruption probe

Statement comes after reports former VP and six others under investigation.