Tagged: The Metropolitan Corporate Counsel

2013-02-07

Saudi Arabia’s Four New Economic Cities

Saudi Arabia has led the way in developing pristine new cities devoted to specialized industries through a proposed public/private endeavor. Under development are four Economic Cities, Each of the them has a different private developer. The Saudi Arabi…

Dubai: A Court System Evolves To Meet The Needs Of International Investors

Islamic Finance

2013-01-25

Dubai: A Court System Evolves To Meet The Needs Of International Investors

Jawad I. Ali, Managing Partner of King & Spalding LLP’s Middle East offices, emphasizes the importance of the Dubai International Financial Centre (DIFC) as a financial and capital center for all kinds of operations in the Middle East. Besides, the jurisdiction of the DIFC courts was expanded, now anybody can opt in their contracts to subject them to the DIFC law. The laws itself are modeled after English common law, and the official language of the DIFC courts is English. That’s why it is expected that the DIFC courts will soon become a major center for dispute resolution.

Source:

http://www.metrocorpcounsel.com/articles/22103/dubai-court-system-evolve…

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: Not Beyond Petroleum after all — BP says it’s increasing investment in oil and gas as much as it’s boosting renewable spending
BP on Tuesday said it was boosting spending on oil and gas as much as it will on what it calls "transition growth engines," a sign of both the pushback energy giants have received for their moves into the renewable energy space as well as the need for energy security and affordability.
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Dow Jones Newswires: BP underlying replacement cost profit of $4.8 billion falls short of forecasts.
BP's full-year replacement cost profit was $27.7 billion, compared with almost $13 billion for 2021 when BP swung back from early Covid-19 pandemic losses.
Dow Jones Newswires: Siemens Energy net loss more than doubled due to renewable unit troubles
The German energy company registered a quarterly net loss of 598 million euros ($643.4 million) for the quarter ended Dec. 31
Dow Jones Newswires: BNP Paribas reports disappointing quarter, but announces €5 billion in buybacks, lifts targets for 2022 to 2025
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After the extended trading session ended, the Wall Street Journal reported that the company had received investor commitments to raise $225 million of equity capital initially, with the rest of the more than $1 billion offering coming later.
The Wall Street Journal: FedEx, Southwest planes came within 100 feet of crashing into each other at Austin airport
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