Saad Group
Al Gosaibi family has filed a court case against Al Sanea in New York in their long running family business dispute....
The UAE Central Bank has announced that thirteen UAE banks are exposed to the collapse of the Saad and Algosaibi family groups. This puts further strain on the UAE banking sector....
The global financial crisis that has severely hit parts of the GCC has exposed the vulnerability of the Gulf economies to risks posed by the large exposure of those economies to family businesses....
In a short-term the government will remain stable regardless of the rising discontent. This will be guaranteed mostly by the firm parliamentary majority rather by implementing policies and reforms....