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Mortgage Lending in Saudi Arabia Plummets as Interest Rate Hikes Deter Buyers

Mortgage lending in Saudi Arabia, a crucial component of the kingdom’s private sector bank credit, hit a record low in April 2023 due to rising interest rates that have discouraged potential home buyers. According to data released by the Saudi Central Bank (SAMA) on Sunday, residential mortgage loans provided by commercial banks dropped to 4.1 …

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UAE Aims to Strengthen Trade Relations with Turkey Following Erdogan’s Victory

In the wake of Recep Tayyip Erdogan’s victory in the Turkish presidential election, the United Arab Emirates (UAE) is poised to bolster its trade relations with Ankara. Analysts suggest that Erdogan’s win ensures continuity in planned economic and trade cooperation between the two countries. This development comes after the signing of a Comprehensive Economic Partnership …

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Abu Dhabi Faces Stagnant Growth in 2023 as Oil Output Cuts Impact Economy: S&P Report

ABU DHABI — In a recent report released by S&P Global Ratings, it is projected that Abu Dhabi’s real GDP growth will experience a significant slowdown in 2023. The city-state, known for its reliance on oil revenues, is expected to face a broadly flat economic performance due to the implementation of production cuts by the …

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Landmark Judgment Grants Retrospective Promotion to Jammu & Kashmir Municipal Committee Employees

The Jammu & Kashmir High Court has delivered a landmark judgment in a case involving municipal committee employees. This judgment holds immense significance as it grants retrospective promotion to the petitioners, setting a unique position in Indian service jurisprudence. The decision was made by Hon’ble Mr. Justice Rajnesh Oswal. Facts of the Case The case …

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Detention Becomes Unlawful as High Court Invalidates Extension Order in Narcotics Case

The Punjab and Haryana High Court recently issued a significant ruling, stating that the further detention of an accused individual can be deemed unlawful if the order granting an extension to submit the final report under Section 173 of the Criminal Procedure Code (CrPC) is overturned. In a revision petition filed by Rajpal alias Billu, …

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Patna High Court Decides Power to Collect Entertainment Tax No Longer Belongs to State After Constitutional Amendment

In a significant ruling, the Patna High Court has declared that the state government no longer possesses the authority to collect entertainment tax following the implementation of the 101st Amendment. The court’s bench, led by Chief Justice K. Vinod Chandran and Justice Madhuresh Prasad, carefully examined the 101st Constitution Amendment Act and concluded that the …

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Karnataka High Court Quashes Wife’s Criminal Case Alleging Cruelty and Dowry Harassment After Husband’s Divorce Notice

In a recent ruling, the Karnataka High Court has invalidated a criminal case filed by a woman against her husband and in-laws, accusing them of cruelty and dowry harassment. The court stated that the significance of such a case diminishes if it is filed subsequent to the receipt of a divorce notice from the husband. …

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Invalid Second Marriage Does Not Entitle Wife to Maintenance, Rules Madhya Pradesh High Court

The Madhya Pradesh High Court, in a recent judgment, declared that a woman entering into a second marriage while her first spouse is still alive cannot claim maintenance under Section 125 of the Code of Criminal Procedure (CrPC) if a valid decree of divorce has not been obtained. The court set aside a maintenance order …

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Court Dismisses Petition Due to 42-Year Delay, Ruling Out Discretionary Relief

In a significant ruling, the Punjab and Haryana High Court recently dismissed a petition filed under Article 226 of the Constitution of India, which sought to quash an order canceling the allotment of a house. The court based its decision on the litigant’s astounding 42-year delay in approaching the court, a delay that remained unexplained. …

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Two Oath Keepers Receive Prison Sentences for Involvement in U.S. Capitol Attack

WASHINGTON—Kenneth Harrelson and Jessica Watkins, members of the far-right Oath Keepers, were sentenced to prison on Friday for their participation in the deadly assault on the U.S. Capitol on January 6, 2021. In a federal trial, Harrelson and Watkins were convicted of obstruction of an official proceeding, stemming from their roles in the storming of …

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