Law

UAE President issues Federal Law for Netting
14 October 01:10 PM UAE President issues Federal Law for Netting
Abu Dhabi – Mubasher: UAE President Sheikh Khalifa bin Zayed Al Nahyan on Sunday issued Federal Decretal Law No. (10) of 2018 for “Netting” but said that the law did not apply to financial free zones. The new law’s provisions “shall apply to all …
UAE’s new public debt law to boost investor confidence
14 October 09:18 AM UAE’s new public debt law to boost investor confidence - Analysis
By: Mahmoud Gamal Dubai – Mubasher: The UAE’s issuance of a new public debt law is a historic milestone, an economist told Mubasher, noting that the law would bolster international investors’ confidence in the country. The UAE may even offer a …
UAE President Sheikh Khalifa bin Zayed Al Nahyan
14 October 08:49 AM UAE President issues Federal Decretal Law for public debt to boost local economy
Abu Dhabi – Mubasher: UAE President Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decretal Law No. (9) of 2018 on public debt. The purpose of this new law is to enable the federal government to issue sovereign bonds as well as help the …
Al Ahleia will file an appeal against the cassation’s ruling
8 October 04:36 PM Court orders Al Ahleia Insurance to pay KWD 12m to Danish Dairy
Mubasher: Al Ahleia Insurance announced that the court of cassation has modified its ruling against the company and in favour of The Kuwaiti Danish Dairy Co, according to a bourse disclosure. Upon the modified ruling, Al Ahleia will pay KWD 12.13 …
Pakistan to investigate UAE, UK property purchases in corruption probe
7 October 02:26 PM Pakistan to investigate UAE, UK property purchases in corruption probe
Mubasher: The Pakistani government is currently looking into thousands of properties in the UAE and UK that it believes are owned by politically tied Pakistanis and others owned by citizens. The government launched and Asset Recovery Unit, …
SCA to investigate Marka capital cut-and-hike
7 October 11:49 AM SCA to investigate Marka capital cut-and-hike
Dubai – Mubasher: The UAE’s Securities and Commodities Authority (SCA) has said that Dubai-listed Marka’s board proposal to cut capital then raise it again required subsequent legal measures. The SCA stated that it would examine the proposal both …
About 85% of UAE residents are between the ages of 25 and 55.
4 October 11:36 AM UAE retirement visas are boon for medical sector - Chairman
Dubai - Mubasher: The UAE’s healthcare sector will benefit from the GCC nation’s recent decision to grant a new five-year visa for expatriate retirees older than 55, Azad Moopen, chairman and managing director of Aster DM Healthcare, said.  The …
The four laws set to be implemented in the coming months
3 October 03:42 PM Bahrain boosts startup ecosystem with new laws
Mubasher: Bahrain is pushing ahead with endorsing investment ecosystem by implementing new laws officially issued by King Hamad bin Isa Al Khalifa, according to a recent statement. The four new laws highlight various issues and are expected to …
Number of Saudi women lawyers surges 300% - Minister
1 October 07:17 PM Number of Saudi women lawyers surges 300% - Minister
Riyadh – Mubasher: The number of female lawyers in Saudi Arabia has soared to 300% in the past period, Saudi justice minister Sheikh Waleed Al-Samaani announced on Monday. Overall, the number of the lawyers entering the profession in the Kingdom …
The new five-year visa rule for the expat retirees has been widely hailed by experts
24 September 05:24 PM New visa rules make UAE retirement destination for UK expats
Dubai – Mubasher: In view of the sky-high housing prices in Britain, Dubai could make a favorable, easy-on-pocket destination for most British retirees that have had their working life there, thanks to the new visa regulations recently passed by …
Such foreign e-commerce giants put the national economy at risk
24 September 12:51 PM Amazon poses threat to UAE economy - Alabbar
Dubai – Mubasher: UAE legislators should draft a law that imposes a 51% local shareholding limit on e-commerce business, including payment service firms and logistics companies, to protect the global economy from giant e-retailers like Amazon, …
The injunction will will remain in effect until the company makes a further order
24 September 12:41 PM UK court upholds DP World's injunction against Djibouti port operator
Dubai – Mubasher: The High Court of England and Wales in London has backed DP World's injunction against Port de Djibouti, Djibouti port operator. The ruling, which was first made on 31 August, prevents Port de Djibouti from interfering with the …
The Iraqi media commission decided to impose a fine against Zain
23 September 12:02 PM Court ruling exempts Zain Iraq from paying $100m
Mubasher: Zain Group announced that a court has issued a ruling that orders the National Communications and Media Commission of Iraq not to claim the fine against Zain Iraq. In a disclosure to Boursa Kuwait on Sunday, Zain said it that the Iraqi …
Alaa and Gamal Mubarak have denied any wrongdoing
16 September 12:19 PM Mubarak’s sons arrested over EGX manipulation
Cairo – Mubasher: The Cairo Criminal Court has ordered the arrest of ousted Egyptian President Hosni Mubarak’s two sons for violating the rules of the Egyptian Exchange (EGX) and the Central Bank of Egypt (CBE) to make unlawful profits through …
The government of Djibouti is a majority owner in PDSA
11 September 05:29 PM DP World to pursue all legal means against Djibouti gov’t
Dubai – Mubasher: DP World has stated on Tuesday that it will resort to any legal procedure in order to defend its rights in Djibouti’s Doraleh Container Terminal (DCT) against the African country’s government. Yesterday, the government of …
Abu Dhabi Crown Prince issues 5 decrees for Executive Council
9 September 09:27 AM Abu Dhabi Crown Prince issues 5 decrees for Executive Council
Abu Dhabi – Mubasher: Abu Dhabi Crown Prince and deputy Supreme Commander of the UAE's Armed Forces Mohamed Bin Zayed Al Nahyan has issued five decrees for the Chairman of Abu Dhabi Executive Council. The first decree, no. 58 of 2018, stipulates …