The private sector supports efforts of the Gulf Cooperation Council (GCC) governments to develop a unified policy that would govern their contractual relationships with labour exporting countries including India, Indonesia and the Philippines, according to a...
Dana Gas, one of the largest investors in Iraq's Kurdistan, said on Monday the semi-autonomous region had failed to pay USD100 million as instructed by a London arbitration court, prompting Dana to ask the court to...
Italy's top administrative court has given Emirates permission to continue operating direct flights between Milan Malpensa airport and New York, rejecting a request by rival airlines to stop the flights according to Reuters. In a statement...
H.E. Judge Taresh Eid Al-Mansouri, director-general of Dubai Courts, announced the launch of a unique Operating Room for Implementation of Provisions (ORIP) which is electronically connected to the local authorities in Dubai. The equipment aims to...
In an effort to improve business conditions in the country, Emir of the State of Qatar, H H Sheikh Tamim bin Hamad Al Thani has instructed the government to amend laws to make business and...
Al Wasl has moved the Lausanne-based Court of Arbitration for Sports (CAS) by claiming compensation from the UAE Football Association over the signing of Portuguese player Hugo Viana, despite accepting its request for a two-hour extension...
Minister of commerce and industry, Dr Ali bin Masoud Al Sunaidi, announced that the government is planning to change the process for awarding concession area for mining companies. Mining companies will have to compete for getting...
DIFC Investments LLC (DIFCI) returned to the debt capital markets since its issuance in 2007 with a successfully priced USD 700 million 10 year Sukuk issued at par with a 4.325 per cent profit rate, at...
Syrian President Bashar al-Assad issued law no. 20 and 21 for 2014. Law no. 21 concerns with establishing banking courts of first instance and appeals in all provinces for taking up lawsuits in which one part...
UBS sold four highly complex derivatives known as single tranche collateralised debt obligations (STCDOs) to Kommunale Wasserwerke Leipzig (KWL). KWL entered into agreements both directly with UBS and via intermediary banks Depfa Bank and Landesbank Baden-Württemberg...
