Legal UAE Edition

taxation

Lebanese constitutional council annuls tax law

Lebanon's constitutional council decided on Friday to annul a tax law that was passed by parliament to finance public sector pay rises, Lebanese media reported.

united states

Hack of Wall St regulator rattles investors, lawmakers

Wall Street's top regulator came under fire on Thursday over its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading.

islamic finance

London judge postpones decision on Dana Gas sukuk hearing

UAE producer Dana Gas started proceedings in June in UK and UAE courts seeking to have its sukuk, or Islamic bonds, declared invalid and unlawful because of changes in the interpretation of Islamic finance.

aviation

UAE investigating Emirates airline A380 'serious incident' in Moscow

General Civil Aviation Authority (GCAA) said its air accident investigation unit is treating the Sept. 10 episode as a "serious incident".

financial services

No extra fee on payment by credit card in Abu Dhabi

Fine of up to AED8,000 would be slapped against errant establishments.

telecommunications

Saudi is lifting Skype, WhatsApp ban, but will censor calls

Saudi government is lifting a ban on calls made through online apps on Thursday but will monitor and censor them, a government spokesman said.