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Lebanese tech startups look to Dubai for global growth

  Dubai / Emirates Business Dubai offers Lebanese tech startups the opportunity to gain global exposure and investment at one of the world’s most influential technology events, GITEX Technology Week. Significant investment is accelerating Lebanon’s US$400 million knowledge economy, which could add 25,000 ICT jobs and contribute $7 billion to the country’s GDP by 2025, according to a recent report ...

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Swoop on China’s capital flow busts $148bn underground ops

  Bloomberg China’s campaign to crack down on illegal capital outflows saw its currency regulator bust underground banking operations that involved more than 1 trillion yuan ($148 billion), according to a newspaper published by the country’s central bank. The State Administration of Foreign Exchange also seized $8.43 billion in foreign exchange funds as part of the nationwide checks on illegal ...

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Wells Fargo probed for identity theft over fake accounts

  Bloomberg California prosecutors are investigating whether Wells Fargo & Co. bankers committed criminal identity theft by creating millions of fraudulent accounts. Attorney General Kamala Harris served a search warrant on the bank seeking the names of employees who opened unauthorized accounts from May 2011 to July 2015. The warrant, provided by Harris, also demands detailed communications, the bank’s fee ...

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