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Middle East & International News

Middle East & International News

Law firm highlights

·        Al Tamimi & Company has led the first Rights Issue on the Dubai Financial Market (DFM). The Rights Issue, launched by DFM-listed Takaful Emarat, the Shari’ah-compliant life and health insurer, was 36.51 per cent oversubscribed,...

Court keeps freeze on Zain Iraq’s USD187 million

An Iraqi court has rejected a request by Zain Iraq to lift a freeze on USD187 million it holds in cash at local bank accounts, the telecom operator's parent firm Zain said, according to Reuters. Zain...

Push for clean energy in Dubai

Dubai is set to spend billions of dollars on generating clean energy, the government said on last month, aiming to have solar panels installed on the roofs of all buildings by 2030, according to Reuters. The...

Essar Global Fund’s GC steps down

Essar Global Fund Limited (EGFL) general counsel and chief compliance officer Raminder Singh has announced he will leave the firm at the end of the year, according to The Lawyer. Singh joined Essar in 2010 from...

IP procedures to be streamlined in India

The Indian government has unveiled a new framework for approving and defending intellectual property rights. It is intended to boost innovation and remove obstacles to doing business in India for multinational corporations, particularly drugmakers, according to...

Child Rights Law in UAE

The draft Child Rights Law was returned to the FNC with reservations from President His Highness Shaikh Khalifa Bin Zayed Al Nahyan on wording of an article of the law. The wording of article 20 of...

News from the DIFC

The memorandum between the Dubai Financial Market (DFM) and DIFC Dispute Resolution Authority (DRA) creates a strategic partnership that will benefit the 60 DFM– listed companies, as well as the large number of issuers of Sukuk,...

Qatar and UNODC sign deal to fund justice projects

On November 27, an agreement between Qatar and the UN Office on Drugs and Crime (UNODC) was signed in Vienna.Qatar will fund to deliver projects related to justice, prisoners, youth and justice education highlighted by the...

The 30% Club launches GCC Chapter

Last month,business leaders across the Gulf Cooperation Council (GCC) countries announced the launch of the regional chapter of the 30% Club, a global business-led initiative committed to achieving better gender representation in senior leadership positions of...

UAE’s lawyers honoured by popular vote

The Annual Legal Gala 2015 was held on October 29, 2015 under the auspices of the Academy of Law for the DIFC, an independent entity that provides quality services to the UAE legal community designed to...

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