Kazakhstan will revise production sharing agreements (PSAs) with foreign energy majors, shortly after accusing Italian Eni's unit Agip of a $110-million fraud in the nation's largest oil project, Kashagan.

A Dubai court restarted a fraud trial against two former executives of Dubai Islamic Bank (DIB) Sunday having changed their status to government officials, making a stricter punishment more likely

The four separate attempts were made by Iranian suspect Farzeen Ali Karoyan Mutlaq, who is the fraud leader. An attempt to steal $14.4 billion (Dh52.96 billion) from the UAE Central Bank by fraud was foiled by Abu Dhabi Police recently

Police in Dubai have arrested James Ibori, a former governor of the oil-rich Niger Delta, on corruption charges, the head of Nigeria’s anti-fraud agency has said