Suq Al Mal

Definitely Not the Eminent Courts of Sharjah The annual ordinary shareholders meeting (Annual General Meeting or AGM) of a company ...

In response to my request I received the following from Alisdair Haythornthwaite at Bell Pottinger Middle East (UAE) .   BPME is a division ...

There's a report in AlQabas Thursday edition that Judge Groper denied Awal Bank's Chapter 11 petition.  At this point, there is not...

In terms of recovery all venues are likely to be highly inconvenient. Update :  See subsequent post . According to news reports on Bloomb...

NBUQ released its 3Q10 financials earlier today.  (Yes, I'm still stubbornly using that abbreviation even though their stock symbol ...

On 12 October the Saudi Capital Markets Authority levied another set of record fines and penalties but not as high as its all time record o...

  Credibility - Now You See It, Now You Don't A very good piece of investigative reporting by Asa Fitch at The Nationa l. In 2007 with...

According to Tom Arnold over at The National, Sir Anthony Evans, The Chairman of the Special Tribunal, ordered Nakheel to pay CDG's le...

Major Al-Musallam Rides to Glory Before we go further to be very clear this is an account which neither the Company, the Central Bank or ...

I don't remember seeing this sort of refusal before. But I may have missed it. In any case today, the Central Bank of Kuwait announced...

Nakheel has issued a press release (to Reuters) stating that CDG's lawsuit will not delay its reaching a settlement with trade creditor...

Above Main Entrance to NY Supreme Court Looks like Mr. Al Sanea is continuing his run of victories in the NY Courts.   As you'll recal...

A Rather Inconvenient Place After All Judge Richard Love III of the Supreme Court of the State of New York decided last July that New York...

TID held a creditors' meeting in Dubai 21 September.  Both Al Watan and Al Qabas have accounts. The Al Watan (Taamir Hamaad) article ...

Bradley Hope over at The National reports that CDG has filed an AED million suit against Nakheel at the special Dubai World Tribunal at the...

Citing parties close to the case, Al Qabas reports (or at least I think so) that the Public Prosecutor has stayed Gulf Bank's case again...

TAQA issued a press release on the Abu Dhabi Exchange this morning: No merit to Mr. Barker-Homek's lawsuit. The Company will respond ...

The National carries the story of Mr. Peter Barker-Homek , once CEO of Taqa , now dismissed and in court in Michigan to assuage the insult ...

Quoting informed banking sources, AlQabas reports that Commercial Bank of Kuwait has proposed to TID that the BB shares be sold and that an...

ALI announced its 1Q10 earnings today on the KSE.  As usual only Arabic text  (below) is available. The Central Bank of Kuwait approved rel...