Sunday 13 July 2014
 
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Dubai court

Dubai court approves Drydocks $2.2bn debt plan

A special court in Dubai on Tuesday formally approved the $2.2 billion restructuring of shipbuilding unit Drydocks World, thereby making the complex debt deal effective. Creditors holding more than 97.8 per cent of the debt had ag

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Dubai court cuts sentence in Chechen murder case

A Dubai court on Wednesday reduced to three years the life sentences handed to two men for their role in the assassination of Sulim Yamadayev, a prominent foe of the Kremlin-backed Chechen leader Ramzan Kadyrov. Makhsood Jan Asmatov of Taj

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Former DIB executives face heavier penalty

A Dubai court restarted a fraud trial against two former executives of Dubai Islamic Bank (DIB) on Sunday having changed their status to government officials, making a stricter punishment more likely. The two, and five other suspects, are

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Former DIB executives face heavier penalty

A Dubai court restarted a fraud trial against two former executives of Dubai Islamic Bank (DIB) on Sunday having changed their status to government officials, making a stricter punishment more likely. The two, and five other suspects, are

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Saudis switch over to e-payment in a big way

In a dramatic reversal of consumer behaviour in just five years, almost three-quarters of Saudi Arabia now settles utility, phone and other bills by electronic means such as ATMs, phone banking and online, according to new statistics. At t

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