Law

KGL owns a share of 38.9% in KGL International for Ports
16 January 02:02 PM KGL Logistics, KGL to pay $74m on court order
Mubasher: Kuwait and Gulf Link Transport (KGL) and KGL Logistics announced that they will pay a total of $74 million after a court has issued a ruling against KGL International for Ports, Warehousing and Transport and a subsidiary. The court has …
The company maintains its expansion
10 January 11:03 AM DANA GAS is confident about its sukuk case - CEO
Abu Dhabi – Mubasher: UAE energy producer Dana Gas has been confident about its legal position on the sukuk case, based on the views of some legal advisors, company CEO Patrick Allman-Ward said on Wednesday.  The allegations about the case’s grave …
SIEC closed Monday’s session 0.49% lower at SAR 145
8 January 05:19 PM Saudi SIEC receives SAR 4.2m after court ruling
Riyadh – Mubasher: Saudi Industrial Export Co (SIEC) said that the Saudi courthouse has issued a ruling in favor of the company. SIEC will receive a sum of SAR 4.2 million as a result of this ruling, according to a bourse statement on Monday. This …
The new law aims to attract foreign capital by 100% in all economic and trading fields
4 January 02:58 PM Qatar’s new investment law to attract foreign capital
Mubasher: Qatar’s Council of Ministers on Wednesday approved the draft law on organizing foreign investment at its first regular meeting of 2018, said Economy and Commerce Minister Ahmed bin Jassim Al-Thani. The new law aims to attract foreign …
The financial impact of this step on the company’s results has not been defined yet
3 January 10:55 AM Gulf North Africa to sue Emporia project developer
Mubasher: Kuwait's Gulf North Africa Holding Company (GNAHC) on Wednesday said that it has taken the legal procedures to sue the real estate developer of Emporia project in Turkey as it has not committed to the contract signed between them. The …
“The Saudi attorney general had not yet reached a decision on whether to release a third brother"
30 December 2017 11:47 AM KSA releases two princes detained over corruption probe
Riyadh – Mubasher: Saudi Arabian authorities have released two accused princes detained after the anti-corruption crackdown launched by the Saudi government. Prince Faisal bin Abdullah, a former head of the Saudi Red Crescent, and Prince Mashal …
This repayment agreement followed the final cassation ruling
25 December 2017 11:17 AM UAE’s Grandweld to pay AED 19m to Senergy’s subsidiary
Mubasher: Senergy Holding Co announced that a 91.053%-owned subsidiary has signed an agreement with the UAE company Grandweld to repay AED 19 million ($5.2 million), according to a statement disclosed on Monday. This repayment agreement followed …
Ajman Court has decided to return the subject adjudication and the hearing was set on 11 January 2018
24 December 2017 09:19 AM Ajman Court mulls IFA’s money recovery lawsuit in January
Kuwait – Mubasher: International Financial Advisors (IFA), listed on Boursa Kuwait and the Dubai Financial Market (DFM), on Sunday announced that it has filed a lawsuit to recover an amount of money it had paid in favour of one of the banks early …
Gulf Cement Company currently has 60% of its shares traded on Boursa Kuwait
18 December 2017 04:17 PM Gulf Cement requests exemption from Boursa Kuwait trading limit
Abu Dhabi – Mubasher: Gulf Cement Company on Monday said it has sent a request to the Kuwait Clearing Company for an exemption from the maximum and minimum trading limits on Boursa Kuwait. The company cited that it was officially listed on Boursa …
UK court rejects Dana Gas appeal
18 December 2017 00:21 PM UK court rejects Dana Gas appeal
Abu Dhabi – Mubasher: Dana Gas announced on Monday that the English Court of Appeal has refused Dana Gas' request to appeal against its order to join BlackRock the English court proceedings and to proceed with the trial in Dana Gas' absence. …
The waiver is a means of repaying debt of KWD 955,140 owed by MEDCO to Salbookh
17 December 2017 09:16 AM Salbookh, MEDCO ink usufruct waiver deal
Mubasher: Salbookh Trading on Sunday announced signing an agreement with MEDCO Company that entails the waiver of an industrial usufruct (no. 151+194) for the properties and plants established on this land in Sulaibiya, Kuwait, in favour of …
Al-Sanea was detained in October in the city of Khobar, Saudi Arabia for unpaid debts
12 December 2017 01:59 PM Detained Saudi billionaire seeks to settle multi-billion debt
Riyadh – Mubasher: Maan Al-Sanea, a detained Saudi billionaire and the owner of Saad Group, is seeking to settle his multi-billion dollar debts under a deal that includes his release, informed sources told Reuters. Al-Sanea was detained in October …
The documentation pertaining to Dana Gas’ sukuk issue is subject to UAE laws
10 December 2017 11:17 AM UAE court to deliver verdict in Dana Gas’ sukuk case – Official
Abu Dhabi – Mubasher: The documentation pertaining to Dana Gas’ sukuk issue is subject to UAE laws, which means that the judgment in the case is to be delivered by the UAE court, the company’s managing director Majid Hamid Jafar told Al Khaleej …
SIEC to redeem SAR 14.05 m insurance fees from Afia International Co
10 December 2017 09:23 AM SIEC to redeem SAR 14.05m insurance fees from Afia International
Riyadh – Mubasher: Saudi Industrial Export Company (SIEC) on Sunday announced receiving an initial judgment from a Jeddah court, stipulating that it would redeem insurance fees at a value of SAR 14.05 million from Afia International Co. The …