DUBAI — The Dubai Financial Market (DFM) has unveiled its latest initiative with the introduction of futures contracts on its General Index (DFMGI), encompassing the largest and most liquid companies listed on the exchange. The launch of DFMGI futures, which commenced today, offers investors an opportunity to access one of the world’s top-performing indices. Investors …
DUBAI — Dana Gas, the largest private sector natural gas company in the United Arab Emirates (UAE), has received regulatory approval to eliminate restrictions on foreign ownership in its shares, paving the way for increased international investment in the energy firm. The move aligns with the UAE’s recent Commercial Companies Law, which eliminated the longstanding …
In a recent verdict, the Supreme Court of India has emphasized that the role of the court is not to sermonize society on morality and ethics but rather to uphold the rule of law. The court made this observation while ordering the premature release of a woman who had been convicted for the murder of …
Supreme Court Orders Release of Woman Convicted for Murder, Rejects Morality Preaching Read More »
The Jammu and Kashmir and Ladakh High Court has dismissed a series of petitions seeking the quashing of an FIR in a 2011 drug kit scam case, asserting that the power to quash criminal proceedings must be exercised with extreme caution and only in exceptional circumstances. In a ruling by Justice Sanjay Dhar, the court …
The Ministry of Law and Justice has officially announced the appointment of Judges as Chief Justices of five different High Courts across India. This move aims to strengthen the judicial system and ensure efficient administration of justice in these regions. The newly appointed Chief Justices and their respective High Courts are as follows: 1. Himachal …
Ministry of Law and Justice Appoints New Chief Justices for Five High Courts Read More »
In a recent ruling, the Supreme Court of India overturned a death sentence imposed on a convict accused of sexually assaulting and killing a minor girl. The court highlighted the importance of promptly sending collected samples to laboratories to avoid contamination and preserve their evidentiary value. It stressed the need for compliance with Section 53A …
The Supreme Court of India has established guidelines for determining when a subsequent provision or amendment can be deemed a retrospective clarification to an original statute. The court emphasized that such clarifications should not expand or alter the scope of the original provision, and that the original must be sufficiently vague or ambiguous to necessitate …
Dubai’s prominent retail figure, Micky Jagtiani, the chairman and owner of Landmark Group, passed away at the age of 70 on Friday. The Landmark Group confirmed his peaceful departure, surrounded by his beloved family, in an official statement. Jagtiani, originally from India, launched his retail empire in 1973 with the establishment of Babyshop, a store …
Founder of Landmark Group, Micky Jagtiani, Dies at 70, Leaving a Retail Legacy Read More »
Jamjoom Pharmaceuticals Factory Company, a prominent pharmaceutical manufacturer and marketer in Saudi Arabia, has successfully concluded the book-building process for its initial public offering (IPO) and has set the final offer price at SR60 per share on the Saudi bourse Tadawul. This implies a market capitalization of SR4.2 billion ($1.12 billion) upon listing. The company …
Jamjoom Pharmaceuticals Aims to Raise $1.12 Billion in IPO on Saudi Stock Exchange Read More »
The UAE cabinet meeting recently granted approval to 78 environmental projects and initiatives, showcasing the Emirates’ commitment to hosting COP28 at Expo City Dubai in November. These projects encompass a range of initiatives, including the implementation of national strategies to reduce carbon emissions, regulations on solar energy product usage, sustainable tourism, and other endeavors that …
Court Cast is a vibrant, collaborative platform designed specifically for legal professionals worldwide. Embrace the opportunity to connect, share insights, and grow with a diverse network of attorneys, legal scholars, and industry experts. Court Cast offers a unique space for members to discuss the latest legal trends, share case studies, and engage in thought-provoking environment.
