Press Dossier   By Date  21/01/2021
Lawyer sues client in dispute over dues
An Arab lawyer in the emirate of Ras Al Khaimah filed a lawsuit against his Gulf client requesting fees that the latter refused to pay for a court case he represented her in before the court.
Duo on trial for Dh229,000 villa robbery
Two men of Asian origin — who are serving time in a Dubai prison for a different crime — are now standing trial over a robbery committed five years ago.
Empower eyes overseas expansion as profit surges to Dh901million
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, reported on Wedensday a 3.4 per cent surge in a net profit in 2020 “despite the challenges of pandemic lockdowns,” and said 2021 would see it expanding operations within the UAE and across the region.
Most Gulf markets end higher with Dubai leading gains
Most stock markets in the Gulf ended higher on Wednesday, with Dubai leading gains boosted by its top lender Emirates NBD, while Saudi bucked the trend to close lower.
Aldar to manage $12.25bn capital projects in Abu Dhabi
UAE developer Aldar Properties has signed an agreement with the Abu Dhabi government to manage capital projects worth 45 billion Emirati dirhams ($12.25 billion) in the emirate.
Saudi Arabia closes January domestic sukuk issuance worth $790m
The National Debt Management Center closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated sukuk program, the Ministry of Finance said in a statement today, Jan. 20, 2021.
Saudi aviation authority aims to localize 10,000 air transport jobs
Saudi Arabia’s General Authority of Civil Aviation (GACA) launched a new initiative on Tuesday to localize jobs in the air transport sector.
Riyad Bank plans to launch up to $2.67bn sukuk progam
Riyad Bank plans to establish a domestic SAR-denominated sukuk issuance program of up to SR10 billion ($2.67 billion), the bank said in a bourse filing today, Jan. 19, 2021.
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