Lehman Brothers | Al Bawaba

Lehman Brothers latest

Last year Emirati policymakers changed some details of the law to make it less draconian, as part of the plan to bring in a modern bankruptcy structure in the UAE. Al-Mulla thinks it still has not gone far enough. (Shutterstock)

September 2nd, 2018 - 12:03 GMT

Abraaj Founder Lawyer Points out the Flaws of the UAE Legal System

Habib Al-Mulla is used to media attention, but last Wednesday he had even more than his usual share of interaction with the world’s news outlets.

33 percent of the economic crimes were found to have been 'inside jobs'. (File photo)

March 28th, 2016 - 12:00 GMT

These are the most common financial crimes in MENA

According to auditing giant Ernst & Young, from 2009 up until 2013, Islamic banking assets swelled at a rate of 17.6 per cent per annum.

March 1st, 2015 - 08:40 GMT

Islamic trading: a movement on the rise

The US shale oil revolution (driven by technology and the private sector, not White House dictate) is a game-changer in global energy markets

April 29th, 2014 - 08:05 GMT

With four new mega trends in 2014, are we about to witness a new world energy order?

Islamic banking is an industry based on trust. The fact that some suppliers are not completely trustworthy will impact the reputation and the trust of the industry.

December 26th, 2013 - 03:55 GMT

Is a scandal awaiting the Islamic finance industry in 2014?

Gulf central banks and sovereign wealth funds which are big investors in US treasuries are likely to feel the pressure of eroding confidence in dollar.

October 10th, 2013 - 11:40 GMT

The approaching avalanche? How a US debt default can hit the GCC hard

The US shale oil boom promises the White House energy independence by 2020 but is already having an impact on its Middle East diplomacy.

September 17th, 2013 - 07:44 GMT

How the Fed, crude, and Syria are changed by shale

In 2009, the region’s own blowouts came to the fore amid the seismic shake up of the world’s biggest economies, hurtling towards what many feared to be an economic depression, similar to 1929.

September 12th, 2013 - 11:10 GMT

Remembering Lehman Brothers: GCC financial markets five years down the line

As Kapoor wallowed in debt and lost his dream, thousands of workers were also caught in a spell of unemployment, lost their income or had their salaries cut (Photocredit: Shutterstock).

September 11th, 2013 - 10:16 GMT

As the world commemorates other events, UAE expats remember their recession days

Today, property developers and banks that are recovering from the 2008 downturn are rallying after a string of debt restructuring.

September 8th, 2013 - 08:41 GMT

Did the Middle East learn its lesson from the collapse of Lehman Brothers?

Investment Corporation of Dubai

May 26th, 2013 - 10:40 GMT

Dubai investment corporation rethink $2 bln cap as demand soars

Middle East countries are high on the agenda at the meeting in Switzerland.

January 30th, 2013 - 11:41 GMT

Davos Summit: why banks are very different than aircraft engines

Concern about the banks, which are hobbled with more than 180 billion euros in problematic real estate loans and assets, drove Spanish borrowing costs to near euro-era records last month

June 10th, 2012 - 10:40 GMT

Euro crisis a threat to UAE economy