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Abraaj chief had issued the cheque to Jafar which was bounced due to lack of funds in the account. (AFP)

August 28th, 2018 - 12:34 GMT

Abraaj Group Founder Reaches Settlement, Criminal Case Withdrawn

Arif Naqvi, founder of Abraaj Group, and Hamid Jafar, founder of Crescent Group, have reached an agreement to settle Dh798 million bounced cheque case, lawyers said on Tuesday.

To date, Naqvi denies wrongdoing, and remains outside the UAE after a warrant for his arrest had been issued. (AFP)

August 1st, 2018 - 06:20 GMT

Abraaj Founder Faces New Criminal Case Over Another Bounced Cheque

Arif Naqvi, the embattled founder of Dubai-based Abraaj Group, will not return to the UAE while there is the threat of imprisonment hanging over him. (AFP)

June 28th, 2018 - 11:43 GMT

Abraaj’s Naqvi Will Not Return to UAE Until Arrest Warrant Is Lifted

MENA's energy subsidies account for half of the global total at $237 billion annually (Courtesy of Arabian Oil and Gas)

November 24th, 2013 - 09:07 GMT

The future of the Middle East economy: will energy subsidies' short-term gains outweigh projected inefficiencies?

Do energy subsidies stifle innovation and hurt society in the long run?

November 18th, 2013 - 07:24 GMT

The unintended consequences of energy subsidies

Infrastructure investment and reform of labour markets and education systems will all be needed to tackle the issue

June 11th, 2013 - 10:22 GMT

Youth unemployment rates in the MENA Region are the highest globally

September 21st, 2010 - 03:16 GMT