The Dubai Department of Economic Development (DED) in Dubai has clarified that there is no truth in rumours that individuals and companies are penalised for negative comments on the emirate's economic situation.
A draft law toughening penalties for defaming statutory bodies will be on parliament’s agenda when it meets on Tuesday.
“Those convicted of defaming the Shura Council, parliament or the National Assembly will be jailed
Bahrain is planning to introduce penalty points for driving offences, it has emerged.
It will mean repeat offenders, who accumulate enough points, will have their licence revoked, General Director of Traffic Shaikh Nasser bin Abdu
Standard Chartered has reached a $300 million civil monetory penalty settlement with the New York State Department of Financial Services (DFS) regarding deficiencies in the anti-money laundering trisection system at its New York branch.
US authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter.
While the sour
Tougher punishments could be on the way for those endangering the lives of children or mentally-disabled people in Bahrain.
The Shura Council yesterday initially approved a proposed amendment to the Penal Code, which states that p
The Dubai Financial Services Authority (DFSA) has slammed a penalty of Dh27,525 ($7,500) on a former senior executive officer of a Dubai International Financial Centre (DIFC) authorised firm for issuing a letter containing false information.
The Dubai Financial Services Authority (DFSA) has imposed a financial penalty on a former private banker.
It said today that Nikhil Das will pay a penalty of Dh73,400 ($20,000) and be restricted, for a period of six years, from performi
The US Federal Aviation Administration on Friday said it proposed penalising Boeing's commercial airplane unit $2.75 million for taking nearly two years to fix a problem with fasteners on its 777 widebody airplanes.