Three Gulf states to provide $12bn to Bahrain

Kuwait, Saudi Arabia and the UAE will provide provide Bahrain with $10bn in financial support over the next five years. Our summary provides links to the Bahrain Ministry of Finance's new Fiscal Plan for 2018-2022.

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Mashreqbank agrees to pay $40mn for New York compliance failures

Dubai-based Mashreqbank has agreed to pay $40mn to the New York financial authorities and to take a range of remedial measures related to compliance issues at its New York branch. The issues relate to Bank Secrecy Act and Anti Money Laundering issues. 

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