Etisalat Named Most Powerful Company in UAE

Posted on Mar 2, 2012 in UAE Law and Business

ABU DHABI: Etisalat today received a prestigious award from Forbes Middle East for being the most powerful company in the UAE.The award was received by Ali Al Ahmed, Chief Corporate Communications Officer, Etisalat UAE on behalf of Mohammad Omran, Etisalat chairman at a ceremony held under the… Masress.com

Investors Pause to Count Profits

Investors booked profits on the Dubai Financial Market (DFM) yesterday, ending the week on a down note after a rally that has brought more than 25 per cent gains since the start of the year. Emaar Properties, one of the region’s biggest developers, added 2.8 per cent to Dh3.07 a share. Gulf in the Media

Dubai Shares Climb to 10-Month High

 Stocks jumped as company earnings and dividends boosted investor confidence and after a Greek bailout and U.S. jobs data lifted global markets last week. Business Intelligence Middle East Related articles Dubai Shares Rise to 10-Month High on Profit, Dividend Optimism (businessweek.com) Dubai shipbuilding firm eyes end to debt process (sfgate.com) Dubai shipbuilding firm eyes end […]

Dubai’s Drydocks to Present $2.2BDebt Plan Next Week

Dubai’s ship building unit Drydocks World, in negotiations to restructure a $2.2 billion loan facility, will present terms of the proposal to lenders on March 8, seeking to put an end to the long-drawn and complex debt talks. KippReport Related articles Dubai shipbuilding firm eyes end to debt process (sfgate.com) Dubai shipbuilding firm eyes end […]

Abu Dhabi Shares Rise to 5-Month High on Etisalat Dividend Plan

Abu Dhabi’s shares also rose on investor bets the emirate’s spending plans would support real-estate companies. Business Intelligence Middle East

DIAZ REUS PARTNER, ISRAEL REYES, REPRESENTS LANDMARK HOTEL OWNER IN SUIT AGAINST GERMAN BANK

In a case with international financial implications, Casa Casuarina LLC, owner of a landmark Miami Beach resort property once owned by designer Gianni Versace and known as the Versace mansion, is suing its mortgage holder German bank WestLB on multiple counts of alleged fraud. Hit by high levels of insolvency and with losses of more […]

Data Protection Rules In The Dubai International Financial Centre

Posted on Jan 16, 2012 in UAE Law and Business

By Arti Sangar Arti Sangar is a partner in the Dubai offices of Diaz Reus LLP Businesses in the Dubai International Financial Centre (DIFC) and in particular, banking and financial organizations are increasingly processing and exchanging individual data electronically. Many businesses, understandably, consider data protection irrelevant to their operations and are not aware of its […]