Commercial MENA Edition
Latest News
European Commission raids ethylene purchasing companies
Concerns those companies had formed a cartel.
Abu Dhabi Global Market establishes Arbitration Centre
ADGM Arbitration Centre will be equipped with state-of-the-art technology.
German Daimler directors to meet over alleged German auto cartel
Question being probed by regulators is whether talks among the German manufacturers constituted anti-competitive behavior.
Saudi grocery stores to shut doors for expat workers
Jobs in these shops will be 100% Saudized
Egypt to issue by-laws for licensing manufacturing within 10 days
1400 licenses for industrial expansions as well as 3600 permits for new projects at investments of EGP150 billion have been issued.
EU increases pressure on Facebook, Google and Twitter over user terms
The authorities have the power to issue fines if the companies fail to comply.
VW to call meeting over cartel probe - source
Volkswagen will hold a special supervisory board meeting on Wednesday to discuss allegations that German carmakers operated a wide-ranging cartel, a source familiar with the matter said on Monday. Ciara Lee reports.
Dentons advises Oman Electricity Transmission Company on its $500mln notes issuance
This latest issuance follows on from the successful debut issuance in 2015.
UAE's Dana Gas says staying Sharjah court proceedings may take months
Dana argues that its sukuk, which will mature in October, have become invalid because of changes in Islamic finance in recent years
Dubai Land Department organises workshop for law firms
Workshop to review and discuss the articles of Law No. 26 for the year 2007 regarding rental laws.
Insights
FinTech licensing framework in the UAE
The banking industry globally is moving from a traditional relationship based banking model to a more technology-based provision of services.
U.S. Supreme Court ruling leads to offensive trademark requests
Products as energy drinks, sweatshirts and fragrances could be branded with racial slurs.
Indian banks need at least $2.8bln extra provisioning for bankruptcy cases
Current estimated average provisioning is at 42%