🇦🇪UAE Legal News

Saudi Authority Imposes $20.53 Million Penalty on Contracting Firms for Collusion

In a decisive move to enforce fair competition, the General Authority for Competition (GAC) in Saudi Arabia has fined six contracting companies a combined total of SR77.5 million. These firms were found guilty of breaching the Competition Law through collusion and coordination in government bids and tenders. The hefty fines reflect the GAC’s commitment to …

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Riyadh Engineer Faces Jail Time and Hefty Fine for Operating Without Proper Accreditation

In a recent legal showdown in Riyadh, an engineer has been handed a six-month prison sentence along with a fine of SR50,000 for practicing without the necessary professional accreditation. The court’s verdict also included a hefty penalty of SR100,000 against the company that employed the engineer. The company was found in breach of Article 11 …

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Pentagon Chief Advocates for 9/11 Suspects to Face Trial

ANNAPOLIS, MD — Secretary of Defense Lloyd Austin took a firm stand on Tuesday, insisting that the masterminds behind the 9/11 attacks should be put on trial. This statement came amidst a backdrop of ongoing contention regarding the legal proceedings against Khalid Sheikh Mohammed and his co-defendants. The calls for justice have been reignited following …

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ADJD Breaks Records with Over Half a Million Electronic Requests in First Half of 2024

In an impressive feat, the Abu Dhabi Judicial Department (ADJD) processed more than 500,000 electronic requests in the first six months of 2024, showcasing its commitment to digital transformation in the legal sector. The ADJD tackled 394,800 court-related requests, 49,821 prosecution inquiries, and 69,487 notary public and documentation services, setting a new benchmark for efficiency. …

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Morgan Stanley Faces SEC Scrutiny Over Cash Balance Practices

Morgan Stanley revealed it’s under the microscope of the U.S. Securities and Exchange Commission (SEC) regarding the handling of advisory account cash balances. These balances, swept into affiliate bank deposit programs, have raised questions from the SEC’s enforcement division since April. The financial giant has been in discussions with the SEC about its adherence to …

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Saudi Citizen Nabbed for $40 Million Check Forgery Scandal

A Saudi national faces serious charges after being arrested for allegedly forging bank checks worth a staggering $40 million. Following a meticulous investigation by the Public Prosecution’s office for crimes against public trust, the suspect was taken into custody and is now awaiting trial. The probe revealed that the suspect had approached a bank to …

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Saudi Arabia’s Anti-Corruption Crusade: 149 Arrested

In a sweeping crackdown, Saudi Arabia’s Oversight and Anti-Corruption Authority (Nazaha) has detained 149 individuals on corruption charges, including bribery, abuse of office, and money laundering. Some of these suspects have been released on bail, but the investigations continue. Since early July, Nazaha has conducted 3,010 inspections across various government ministries and entities, scrutinizing 266 …

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U.S. DOJ Investigates Nvidia Over Potential Antitrust Violations

In a significant development, the U.S. Department of Justice (DOJ) has initiated an antitrust investigation into Nvidia, following accusations from competitors of potentially monopolistic behavior in the AI chip market. The inquiry focuses on whether Nvidia has exerted undue pressure on cloud service providers to purchase multiple Nvidia products. Furthermore, investigators are examining claims that …

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