The parties involved in a dispute over a real estate development project in Bahrain have been urged to seek an out-of-court settlement so as not to harm the personal interests of owners, investors and the master developer.
A dispute over penalty demands and right of access has broken out between the master developer of a $1.5-billion man-made island project in Bahrain and around 60 developers and property owners there.
Lulu Tourism Company (LTC), th
The total value of disputes relating to major construction projects in the Middle East increased significantly to $76.7 million in 2014 compared to the previous year, Arcadis, the global natural and built asset design and consultancy firm.
A new certification on settling real estate and property disputes was launched yesterday (April 28) by Bahrain’s labour fund Tamkeen in co-operation with the Bahrain Bar Society.
The Engineering Arbitration certification aim
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