INSEAD Day 4 - 728x90

violations

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings
  • ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024 and this will come into effect on March 1 2024. The Cabinet Decision No. 10 of 2024 amended the schedule of violations and administrative penalties of Cabinet Decision No. 75...
  • A royal decree dissolves Kuwait parliament as political wrangling persists

    Kuwait City, Kuwait--Kuwait dissolved parliament on Thursday after a protracted stalemate between cabinet ministers and lawmakers dragged on despite the accession of a new emir in December. The official KUNA news agency said a "royal decree was issued to dissolve the national assembly" elected last June following a proposal by the...
  • Saudi govt exposes violations in expatriate partnerships

    Riyadh, Saudi Arabia - The Saudi National Program to Combat Commercial Concealment has exposed various instances falling under the umbrella of commercial concealment or cover-up (tasattur) and clarified the distinctions between such practices and other violations. The program identified cases of tasattur, including scenarios where a Saudi citizen transfers ownership...
  • South Africa moves ICJ, accuses Israel of ‘genocidal acts’ in Gaza

    South Africa launched a case at the International Court of Justice against Israel for what it said were "genocidal" acts in Gaza. According to a statement, the ICJ application related to alleged violations by Israel under the Genocide Convention, and said that Israel risks "further engaging in genocidal acts” in...
  • Nasdaq faces $4m penalty for alleged Iran sanctions violations

    New York, United States - Nasdaq Inc., headquartered in New York, has agreed to pay a $4 million settlement to the US Department of Treasury for apparent violations of sanctions against Iran by a former Nasdaq unit, according to the Office of Foreign Assets Control (OFAC). The violations stemmed from...
  • UN official calls for probe over human rights violations in Israel-Hamas war

    Geneva, Switzerland - The UN human rights chief on Thursday decried serious allegations of international law violations in the Israel-Hamas war and suggested an international investigation was needed. Volker Turk said "extremely serious allegations of multiple and profound breaches of international humanitarian law, whoever commits them, demand rigorous investigation and full...
  • Iran denounces ‘political’ Nobel Peace Prize

    Slamming the Nobel Committee for what he called as "false claims", Iran's Foreign Ministry spokesman said the committee awarded the Peace Prize to a person convicted of repeated violations of laws and criminal acts. He said it indicates the approach of some European governments to falsify information to produce "deviant...
  • Both sides in Sudan must be made accountable, says UN official

    BRUSSELS, BELGIUM -  Sudan's warring sides must face "accountability" for the "crimes" committed in their conflict, which risks spiraling into a regional crisis, the head of UN mission in the country said on Wednesday. The fighting, which has gone on for three months, "risks morphing into an ethnicized, tribalized and ideologized...
  • Saudi securities disputes compensation $586 million in four years

    Saudi Arabia's Capital Market Authority (CMA) has revealed a staggering 4275 percent surge in the value of compensation for individuals affected by errors and violations in securities disputes, reaching 2.2 billion riyals ($586 million) over the last four years. In 2022 alone, the compensation value amounted to 1.75 billion riyals,...
  • Sudan warring parties agree to 24-hour ceasefire: mediators

    Although many ceasefires have been broken, yet the twenty-four truce is seen as a chance to give the people of Sudan a brief respite from the ongoing civil war. Saudi and US mediators have warned that failure to observe the ceasefire would force facilitators to consider adjourning talks in Jeddah.
  • Sudan ceasefire extended as gunfire rages, aid trickles in

    Many residents said they could hear gunfire after dark on Monday, shortly before the ceasefire extension was announced. Earlier, they reported street battles in northern Khartoum, as well as artillery fire in the south of the city, where a plume of grey smoke was visible. The persistent fighting has impeded...
  • Robust customer protection makes UAE market stable

    "Despite the challenges faced by the global supply chains due to today’s political and economic developments, the Ministry made sure that no unjustified price hikes were implemented by suppliers. The methods for combating monopoly practices and supporting sound trade practices have also been strengthened,” he adds.
  • EAD imposes fines worth US$89,312 over environment violations

    ABU DHABI, UAE - The Environment Agency – Abu Dhabi (EAD) has imposed 32 administrative fines, totaling US$89,312 (AED328,000) since last April. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Board of Directors of EAD had last April taken the decision regarding...
  • Will immediately respond to new EU sanctions, says Iran

    Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over a month of protests sparked by Mahsa Amini's death. EU foreign ministers met to adopt sanctions on Iran after Amini was detained for allegedly breaching Iran's strict dress code for...
  • CBUAE imposes sanctions on ‘exchange house’ for violations

    The Central Bank of the UAE (CBUAE) has imposed sanctions on the owner and general manager of an exchange house in the country for breaking regulations of the bank.
  • Yemen truce struggles to hold as charges of violations grow

    Yemen's warring parties on Tuesday traded accusations of violating a ceasefire agreement, three days after it went into effect at the start of Ramadan.
  • UAE prosecutors launch probe into Union Properties

    The UAE prosecutors have begun an investigation into Union Properties, the Dubai-based real estate developer, after allegations arose of the company selling property at less than its real value.
  • 19,000 kg banned drugs among Saudi customs H1 seizures

    The customs authority has foiled more than 1,000 attempts to smuggle prohibited items into Saudi Arabia.
  • NSO Group of Israel ‘complicit’ in rights abuse, says Amnesty

    Israel has started a probe into the Tel Aviv-headquartered NSO Group, even as the company itself says it will investigate any proof of “misuse” of its surveillance software Pegasus.
  • Approach tax authority to redress problem, UAE tells penalized defaulters

    UAE tax authorities have assured penalized tax-law violators that they can apply to have the penalty reduced or exempted To get this done, applicants must provide a proper “excuse,” bolstered by evidence   The United Arab Emirates’ Federal Tax Authority said in a statement on Wednesday, May 26, that individuals...