Friday 19 December 2014

Dubai World tribunal to amend rules

The Special Tribunal related to Dubai World has proposed to amend the current rules through public consultation in line with its commitment to transparency and judicial independence. These amendments, which are based on judicial and Tribun


Kuwait to 'amend financial stability law'

The Kuwait Parliament's finance and economy committee is preparing an amended draft of the Financial Stability Law to plug the current loopholes, said Massouma Al Mubarak, the first female Kuwaiti Minister. In an interview with CNBC Ar


Oman amends bank reserve rule for liquidity boost

The Central Bank of Oman said on Thursday it had amended bank reserve requirement rules to release RO270 million ($701.3 million) into the banking system to help lenders cope with the financial crisis. Policymakers across the Gulf Arab reg


Ajman plans change in tenancy law

The tenancy law in Ajman in the UAE will be 'soon' amended, allowing landlords to increase rent by 7 percent a year rather than 20 per cent every three years, a UAE newspaper reported on Saturday, citing a government official. The adjustme

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