🇦🇪UAE Legal News

Nine years after Volkswagen’s notorious emissions scandal erupted, former CEO Martin Winterkorn is finally set to face trial. The 77-year-old, once at the helm of the German auto giant, is charged with fraud, conspiracy, and market manipulation related to the company’s use of “defeat devices” that rigged emissions tests in millions of vehicles worldwide. Volkswagen’s …

Former Volkswagen CEO Martin Winterkorn Faces Long-Delayed Trial in ‘Dieselgate’ Scandal Read More »

President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates has granted a pardon to the Bangladeshi nationals involved in last month’s protests that erupted across several emirates. This decision effectively cancels their sentences and initiates their deportation from the country. Following the President’s directive, UAE Attorney-General Dr. Hamad Al Shamsi has ordered …

UAE President Pardons Bangladeshi Protesters, Orders Immediate Deportation Read More »

Lebanon’s ex-central bank governor, Riad Salameh, was taken into custody following an intensive three-hour interrogation regarding accusations of embezzling over $40 million from the central bank. A judicial source disclosed the arrest but requested anonymity, given the sensitivity of the matter. Salameh’s detainment marks a significant development in a case that has captured widespread attention …

Former Lebanese Central Banker Riad Salameh Detained in $40 Million Embezzlement Probe Read More »

In a move to bolster data protection, the Saudi Data and Artificial Intelligence Authority (SDAIA) has unveiled new regulations governing the transfer of personal data beyond Saudi Arabia’s borders. These updated rules aim to ensure that personal data remains safeguarded and that privacy standards are upheld even when data is handled by entities outside the …

Saudi Authority Tightens Rules on International Data Transfers Read More »

In a significant enforcement action, Saudi Arabia has detained 20,718 individuals living illegally in the country. The operation, conducted from August 22 to August 28, involved extensive joint efforts by security forces and various government agencies. Among those arrested, 13,248 were found in violation of residency laws, 4,688 breached border security regulations, and 2,782 were …

Saudi Arabia Rounds Up Over 20,000 Illegal Residents in Week-Long Operation Read More »

In a recent statement, Qatar Fuel Company (WOQOD) has alerted the public to a wave of deceptive investment advertisements making the rounds on social media. These misleading ads falsely promise investment opportunities with the company, despite WOQOD clarifying that neither it nor its subsidiaries have authorized or endorsed such promotions. The company has used its …

WOQOD Warns of Fraudulent Investment Ads: Stay Vigilant Read More »

A former high-ranking executive of SHUAA Capital has launched a lawsuit demanding AED 22 million ($6 million) in unpaid labor dues. Although the individual’s name was not disclosed in the court filing, it is widely believed to be Jassim AlSeddiqi, the former managing director, board member, and largest individual shareholder of the company. In response …

Ex-Executive Takes SHUAA Capital to Court Over $6 Million Dispute Read More »

In a move set to reshape the delivery landscape, Kuwait’s First Deputy Prime Minister and Minister of Defense and Interior, Sheikh Fahad Yousef Al-Sabah, has issued a significant update to Article Eight of Ministerial Resolution No. 271/2020. The amendment focuses on regulating the issuance of new licenses for vehicles used by companies and institutions involved …

Kuwait Revamps Delivery Vehicle Regulations: What You Need to Know Read More »

Elon Musk and Tesla have emerged victorious in a legal battle over accusations of manipulating dogecoin and engaging in insider trading. A federal judge in Manhattan dismissed the lawsuit, stating that no reasonable investor could have relied on Musk’s tweets and public statements as evidence of securities fraud. The lawsuit, dismissed with prejudice by U.S. …

Court Clears Elon Musk and Tesla of Dogecoin Manipulation Allegations Read More »

Muscat—The Financial Services Authority (FSA) of Oman has suspended the audit firm Abu Timam Grant Thornton Chartered Accountants from offering external audit services for one year. This suspension, which took effect on Sunday, August 25, 2024, mandates that all regulated entities under the FSA’s oversight terminate their contracts with Abu Timam and engage a new …

Oman’s FSA Imposes Year-Long Ban on Abu Timam Audit Firm Read More »