Saudi Arabia’s card payments market is anticipated to experience robust growth, expanding by 14.6% to reach 532.1 billion Saudi riyals ($141.9 billion) in 2023. This surge is propelled by the increasing popularity of contactless payments and the Saudi government’s endeavor to establish a cashless society, according to a report by London-based data and analytics firm …

Saudi Arabia’s Card Payments Market to Surge by 14.6% and Reach $142 Billion in 2023 Read More »

ABU DHABI — Aldar Properties, a prominent developer in Abu Dhabi, has announced its acquisition of a landscaping company in a deal valued at AED 150 million ($40.84 million). The transaction grants Aldar a majority 75% stake in Basatin, with the remaining 25% held by an undisclosed “strategic partner.” Basatin, based in Abu Dhabi, specializes …

Abu Dhabi’s Aldar Properties Expands Portfolio with Acquisition of Landscaping Company Read More »

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 Financial Market Introduces Futures Contract on General Index, Opening Doors for Global Investors Read More »

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 …

UAE’s Dana Gas Removes Restrictions on Foreign Ownership, Opening Doors to Global Investors Read More »

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 …

JKL High Court Upholds Prosecution in 2011 Drug Kit Scam, Emphasizes Limited Power to Quash Criminal Proceedings Read More »

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 …

Supreme Court Emphasizes Prompt Sending of Samples to Laboratories in Criminal Cases, Sets Aside Death Sentence Read More »

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 …

Supreme Court Sets Criteria for Retroactive Clarifications in Statutes, Overturns Decision on Advance Increments Read More »

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 »