Embezzlers in Bahrain will soon face up to three years in jail and BD5,000 ($13,260) fines if they are convicted of forging signatures, signing documents without proper authorisation or destroying original deeds or receipts for the purpose of co
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
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
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
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.