Commercial MENA Edition

currencies

Australia, NZ dollars get a reprieve, but commodities pose a risk

Copper sank over 4 percent on Wednesday to a 15-month trough

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

automotive

South Korea to ban about 20,000 BMW vehicles after engine fires

The driving ban comes after 27 engines went up in flames between January and July

tunisia

Tunisian president proposes inheritance equality for women, with exceptions

Tunisia's president on Monday proposed giving women equal inheritance rights

automotive

Dubai Authority endorses testing standards of electric, hybrid and self-driving vehicles

In line with the highest international standards applied in several countries

aviation

Jet Airways says meeting all payment obligations to lenders

India's biggest-full service airline issued the statement a day after its shares fell to a three-year low

technology

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

Musk's Aug. 7 tweets helped push Tesla's stock price more than 13 percent above the prior day's close

taxation

Saudi Arabia's tax authority finds 323 VAT violations during inspection tour

The campaign was aimed at ensuring that establishments comply with the value added tax system and its executive regulations

equities

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric car company private.

industrial

Dubai records 47% drop in environmental violations by industrial establishments

Dubai Municipality has recorded a 47 percent decrease in environmental violations committed by industrial establishments in the first half of the year