Thursday 31 July 2014

New climate-controlled suit for sailors

A landmark UK-Abu Dhabi co-operation has led to a major breakthrough for the offshore clothing industry.    A tie-up between the Abu Dhabi Ocean Racing (Ador) and Britain’s Musto, which was the emirate


Alba , Alcoa agree to settle bribery suit

Alba last night announced it had agreed an out-of-court settlement worth $447 million in a racketeering and fraud lawsuit against US-based Alcoa, a major aluminium producer. The settlement value will be realised in a combination of cash


Samsung hits back at Apple

Samsung Electronics filed patent lawsuits against Apple over the US firm's iPhone and iPad in a tit-for-tat case after Apple claimed Samsung's smartphones and tablets "slavishly" copied its products. Samsung's counter lawsuit, its first ag


Apple fires back at Nokia in patents battle

Apple, which makes the iPhone and iPod, has accused Nokia of anti-competitive practices and patent infringement, escalating a legal battle as they fight for market share in smartphones. Analysts say the dispute, potentially involving hundr


Saudi group files $10bn suit against Saad chief

Saudi Arabia's indebted family conglomerate Algosaibi has filed a lawsuit in New York alleging $10 billion in loan irregularities involving billionaire Maan al-Sanea, the head of the Saad Group, the Financial Times reported on Friday.


Dubai ruling family members face $1.9bn suit

A Dubai court began a hearing against three members of the emirate's ruling family after businessman sought $1.9 billion in compensation for the alleged seizure of his firm. The claimant, Shahram Abdullah Zadeh, a Dubai-based Iranian b

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