Commercial MENA Edition
Latest News
UAE-based NMC Health files for bankruptcy in US
A host of law firms in the US had initiated legal battle against hospital operator
Lebanese MPs await IMF remarks on capital control law - MP
The draft capital law aims to protect what is left of Lebanon's hard currency reserves, member of parliament Alain Aoun told Reuters.
Dubai Financial Services Authority to host RegTech Live event
Highlighting the latest technology trends and practical measures utilized to managing regulatory processes for the advancement of the financial services ecosystem.
Medical complaints rise by 13% in Bahrain
Majority of the complaints made by individuals was against the private sector (104) followed by the public sector (61) and two unspecified
Sharjah RTA: June 30 last day to avail of fine discounts
Al Nuaimi reminded people who want to avail of the reductions to pay their fines via the authority’s website
Oman to end lockdown of Muscat governorate on May 29
State committee had also ordered government entities to ensure at least 50% of employees are working from their offices from May 31.
Union Properties claims $408mln for completed project work
Arbitration procedures to claim approximately $408mln owed to the company.
Dubai parking fees resumes, operation hours changed
Dubai reopened on May 27 with revised sterilisation and working hours.
Union Properties’ unit initiates arbitration procedures to claim $408mln
Union Properties incurred a net loss of $59.62mln in 2019
GFH Financial Group wins judgment against former employee
The judgments will be enforced on Haigh’s assets in the UK and the UAE
Insights
LATAM becomes largest airline driven to bankruptcy by coronavirus
Latin American governments, many under severe budget constraints themselves, have proven reluctant to bail out their key airlines
Adjudication a must to resolve Saudi private sector construction disputes
Economic analysts expect Saudi Arabia’s construction market to register a compound annual growth rate of 6% over the next five years