Citigroup on Wednesday lost an appeal aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund's $7.5 billion investment in late 2007 to shore up the then-struggling bank.
Djibouti said it had started legal action against DP World, seeking to rescind the Dubai-owned port operator's concession in Africa's largest container terminal in a row over how the contract was awarded.
Iraq has filed for arbitration against Turkey after European markets bought the first load of oil to be carried by pipeline from Iraqi Kurdistan.
The request was filed with the Paris-based International Chamber of Commerce and als
Gulf Navigation, a Dubai-based shipping company, has lost an arbitration case in the UK, said a report.
The company must pay a group of Chinese ship building companies the second part of a contract to build two
A US appeals court has rejected the Abu Dhabi Investment Authority's (Adia) effort to void Citigroup's arbitration win in a dispute over a $7.5 billion investment in the bank less than a year before the 2008 financial crisis.
Abu Dhabi-based Al Ghurair Iron & Steel (AGIS) has won an arbitration award worth $4.36 million against JSW Steel Limited as a result of a breach of a contract by Ispat Industries (which is now been taken over by JSW Steel Limited).
An international arbitration centre based in Bahrain resolved around 24 cases with a combined value of BD79 million ($208.4 million) last year, a report said.
It brings the total number of claims handled by the Bahrain Chamber for
Core Consulting, a financial firm established in 2007 and run by two of Bahrain's most experienced bankers, has decided to specialise in management consultancy targeting middle-tier companies, said a report.
The firm's par
The Bahrain Chamber for Dispute Resolution (BCDR) took part in the Third World Islamic Banking Conference (WIBC) Asia Summit in Singapore which was attended by 450 leaders in international Islamic banking industry.
The BCDR's chief registr