Legal MENA Edition

financial services

Dubai regulator probes Abraaj Capital, stops it from taking on new work

Dubai's financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management

transport

UAE to block ships from blacklisted countries

Emirates Classification Society (Tasneef) said that it is ready for the decision the Federal Transport Authority – Land and Maritime (FTA) prohibiting vessels carrying flags of countries that are blacklisted by maritime authorities to enter the UAE’s ports

kuwait

Kuwait’s central bank instructs lenders to provide free SMSes

Instructed all local and foreign lenders in country to provide customers with SMSes free of charge

libya

Libya court sentences 45 to death over 2011 killings

A further 54 people were sentenced to five years in prison over the killings of at least 20 people, while 22 were acquitted.

financial services

Royal Bank of Scotland pays $4.9bln for crisis-era misconduct

The bank announced in May that it had reached the settlement in principle

jordan

Formulation of new by-law under way to protect Jordan’s natural gems

Aims to protect natural treasures from mounting threats