A leading Islamic finance expert has called for the creation of a Sharia-compliant dispute resolution mechanism at the global level with participation from all countries active in Islamic finance.
According to Malaysia-based Islam
In the last three to four years, the construction industry in the GCC has shown positive signs of recovery. There is still some way to go before the numbers can be compared to the pre-recession era.
Qatar, Bahrain and Saudi Arabia
Negotiations are under way to resolve a financial dispute that threatened to result in a luxury housing development in Bahrain being swamped with overflowing sewage.
A Dubai-based company that operates a water treatment centre for
A dispute over unpaid fees between a port operator and eight companies has been resolved in Bahrain.
It started when APM Terminals (APMT), the operator of Khalifa bin Salman Port (KBSP), allegedly refused to release cargo containe
Qatar's dispute with three fellow Gulf states, which withdrew their envoys from Doha last month, is "over", according to the Qatari foreign minister.
Khaled Al-Attiyah's statement follows a meeting last week in R
More than 1,000 complaints relating to labour disputes were lodged with Bahrain authorities last year, even as the Labour Ministry expanded its services to solve such cases, a report said.
The complaints includ
A top university in Bahrain has hit back at claims eight lecturers were suspended without pay in a dispute about extra hours.
The educators, all working for AMA International University's business departmen
Israeli and Palestinian businessmen, who sometimes have to exchange suitcases of cash for goods at military checkpoints, will soon be able to settle any commercial disputes on neutral ground.
An Israeli former peace negotiator, Or
Former Bahrain Air employees, who were laid off when the airline went into liquidation, received the first instalments of their severance packages yesterday. The remaining 60 per cent is due to be paid once the company sells off its assets.
A ruling that a dispute involving Ahmad Hamad Algosaibi and Brothers Company (AHAB), Maan Al Sanea and Mashreq Bank could not be heard in a New York court has been overturned by the state's appeal court, a report said.