Kuwait passes law to protect ailing companies, attract investors
The Kuwaiti parliament has approved a law to increase protection for troubled businesses and provide two new options before they…
Legal
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Dubai law to regulate family businesses
The law, which defines the terms of the family ownership contract, and the powers and obligations of its manager, is…
Ex-Guardian Wealth Qatar CEO hit with fine and ban
The QFC Regulatory Authority has announced that it had taken disciplinary action against the former CEO of Guardian Wealth Management…
Dubai fraudster David Haigh made bankrupt after losing $5m case
David Haigh, a convicted fraudster who led GFH Financial Group's (GFH) bid for an English football team, has declared bankruptcy…
Mohammed bin Rashid enacts amendments to DIFC’s Common Reporting Standard Law
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has enacted the Common…
Revolving doors: DLA continues corporate march with trophy hire as Keystone makes Middle East move
DLA Piper made the most notable hire of the past week, announcing the addition of veteran Jonathan Earle to add…
Saudi anti-graft watchdog probes 218 cases
Saudi Arabia’s Control and Anti-Corruption Authority (Nazaha) has investigated 218 corruption cases in different government sectors, the Saudi Press Agency…
Banks Legal on COVID-19 and leases in the UAE
As the economic impact of the COVID-19 pandemic permeates economies across the region, we have seen an increase in enquiries…
Turkish, Asian banks sign $200M loan deal to finance infrastructure firms
The Industrial Development Bank of Turkey and the Asian Infrastructure Investment Bank have signed a $200 million loan deal to…
Kuwaiti lessor halves Boeing 737 MAX order after ending legal claim
Kuwaiti aircraft leasing company Alafco has halved its order for 40 Boeing 737 jets after reaching an agreement to end…
Albanian businessman’s assets seized, drug links suspected
Albanian prosecutors on Monday said they had seized vast assets belonging to a businessman and a media mogul suspected of…
UAE oil trader GP Global files complaints over employee fraud
UAE-based oil trader GP Global has uncovered fraud within the company and filed criminal complaints against some of its employees,…