North Africa/Middle East

Results for North Africa/Middle East

Hadef & Partners Legal Highlights

JUNE 2016 UAE legal analysis, insights and news brought to you by Hadef & Partners. Read more. (United Arab Emirates) bankruptcy,insolvency,headlines,articles,legislatives,debt,resources,insol,United Arab Emirates ...

Resource Article - twallace@abiwor... - 06/29/2016 - 10:51 - 0 comments - 0 attachments

Dubai Firm Asks Supreme Court To Prevent It Being Sued Over Quinn Indian Deal

A Dubai-based firm has urged the Supreme Court to prevent it being sued here over its acquisition of a multi-million euro property in India from companies controlled by members of the family of businessman Sean Quinn, the Irish Times reported. Irish ...

Daily Headline - global.abi.org - 06/09/2016 - 22:19 - 0 comments

Five Goals Of Saudi Arabia’s Ambitious Transformation Plans

Saudi Arabia’s $72bn National Transformation Plan imposes a hefty 346 targets on ministries and governmental bodies with the ambitious goal of ending decades of addiction to hydrocarbon revenues and transforming an economy reliant on the state, the Fin ...

Daily Headline - global.abi.org - 06/09/2016 - 22:20 - 0 comments

Saudi Arabia Considers Income Tax For Foreign Residents

Saudi Arabia’s finance minister confirmed that the kingdom was considering imposing income tax on foreign residents as it seeks to raise non-oil revenues and cut spending to fund its $72bn plan to diversify the economy, the Financial Times reported. ...

Daily Headline - global.abi.org - 06/08/2016 - 20:09 - 0 comments

Saudi Arabia Approves Plan to Diversify Economy

Saudi Arabia unveiled plans to more than triple its nonoil revenue by 2020 while cutting state handouts, in a broad bid to reshape the kingdom’s economy amid falling energy prices, The Wall Street Journal reported. The initiative, called the National ...

Daily Headline - global.abi.org - 06/06/2016 - 21:53 - 0 comments

Court Confirms Liquidation Of Morocco's Sole Refinery Samir

Morocco's Casablanca appeals court upheld a ruling placing the country's sole oil refinery Samir into liquidation, the lawyer of the holding company that controls Samir said on Wednesday, Reuters reported. Samir halted production in August due ...

Daily Headline - global.abi.org - 06/01/2016 - 20:02 - 0 comments

Oil Change: Affluent Saudi Arabia Goes to Work

Saudi Arabia’s leadership has taken up the challenge of weaning the kingdom from its dependence on oil. Ahmed Ameen is just trying to keep his mobile-phone store open, The Wall Street Journal reported. Mr. Ameen hired a foreign worker to operate the ...

Daily Headline - global.abi.org - 05/31/2016 - 20:24 - 0 comments

Moody's Downgrades Saudi Arabia Credit Rating Over Oil Price Slump

Saudi Arabia’s credit rating has been downgraded by Moody’s because of the long and deep slump in oil prices, The Guardian reported. Moody’s Investors Service said it also downgraded Gulf oil producers Bahrain and Oman. It left ratings unchanged for ...

Daily Headline - global.abi.org - 05/15/2016 - 21:05 - 0 comments

Saudi Opens Door To Short Sellers To Lure Investors

Saudi Arabia has announced a series of market reforms aiming to make its $400bn bourse more attractive to foreign investors ahead of a much-anticipated listing of state oil company Saudi Aramco, the Financial Times reported. The Capital Market Author ...

Daily Headline - global.abi.org - 05/03/2016 - 20:31 - 0 comments

Saudi Arabia Approves Economic Reform Program

Saudi Arabia unveiled plans to free the kingdom from its dependence on oil revenues, in part by selling a stake in its state-owned oil company and creating the world’s largest sovereign-wealth fund, The Wall Street Journal reported. The move represen ...

Daily Headline - global.abi.org - 04/25/2016 - 21:38 - 0 comments

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