Thursday 2 April 2015
 
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New fines planned for littering in Bahrain

Littering on Bahrain's roads could carry fines of up to BD300 if ($791) a new draft law is passed by parliament. The National Cleanliness Law was approved by the Capital Trustees Board yesterday (January 21), and includes toug

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Bahrain approves tax information draft law

A draft law on the exchange and protection of tax information was approved by the Cabinet yesterday.   It also approved Bahrain's accession to International Maritime Organisation conventions relating to safet

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Egypt's draft constitution ready

The assembly drawing up a new Egyptian constitution will complete the draft later on Thursday, its spokesman said, meaning it will finish its work on time according to the roadmap set out by the army-backed authorities. "The

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Yemen budget forecasts $3.2bn deficit

  Yemen's cabinet on Sunday approved a draft budget for 2013 that projects a deficit of 682 billion rials ($3.17 billion) and expenditure of 2.77 trillion rials, state news agency Saba reported.  

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UAE bankruptcy law draft delayed to end-2013

A draft of changes to UAE bankruptcy law aimed at simplifying the process and letting failing companies restructure is taking longer than expected and may not be ready until the end of 2013. The draft, which has been in the works

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Egypt's judiciary split over referendum

Egypt's Supreme Judicial Council has agreed to supervise a referendum on a draft constitution, a legal adviser to President Mohamed Mursi said on Monday, although some judges have called for a boycott. Judicial dissent has com

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Iran MPs demand cut in crude exports

Iranian parliamentarians have prepared a draft law to reduce the country's crude exports by up to a third this year in retaliation for western sanctions against Iran's oil sector, the semi-official Fars news agency said on Wednesday.

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Iran drafts bill to block Hormuz for Gulf tankers

Iran's National Security and Foreign Policy Committee has drafted a bill calling for Iran to try to stop oil tankers from shipping crude through the Strait of Hormuz to countries that support sanctions against it, a committee member said on Monday

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UAE set to OK new bankruptcy law by year-end

The United Arab Emirates is close to finalising an updated federal bankruptcy law and a draft of the legislation should be ready by the end of this year, Justice Minister Hadef bin Juan Al-Dhaheri said on Monday.      &nbs

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EU mulls new 'shadow banking' curbs

The European Commission is widening its regulatory sweep to include 'shadow' banking, heralding new controls over the sprawling and largely unchartered 46 trillion euro ($61 trillion) sector that has been blamed for helping trigger the fin

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