The prices had slipped below $2,300 per ounce on Wednesday evening but recovered later in the day
uae4 hours ago
Court records show that the ASTE filed a lawsuit with the Abu Dhabi Shariah Court of First Instance, demanding a protective sequestration on the entitlements of Abdullatif Shamsudin Al Hami, an official with the Safari Contracting Company, and his entitlements with the banks operating here, urgently preventing him from travelling abroad, and assigning an engineering expert for examining the case.
In its plea, the complainant establishment said that Al Hami had had an agreement with the Al Anqud Public Transport Establishment and the Abu Dhabi Public Works Department for carrying out the works of a road project between Nahel area and Al Herz Farms.
The project had been subcontracted by the Safari Contracting Company (SCC). The complainant establishment, ASTE, sealed a contract with Al Hami, who represented the Safari Contracting Company, for carrying out the project, but he failed to abide by his obligations.
Relying on the report of the expert it had assigned, the Abu Dhabi Shariah Court of First Instance, in December 2003, ordered Al Hami to pay Dh2,260,390 to the ASTE.
The ASTE moved the Abu Dhabi Shariah Court of Appeal, which on March 15 last year, reduced the ruled amount to Dh1,721,934.
Both litigants resorted to the Abu Dhabi Shariah Court of Cassation, which on May 29, dismissed their petitions, and upheld the verdict of the court of appeal, ordering Al Hami to pay the sum.
The prices had slipped below $2,300 per ounce on Wednesday evening but recovered later in the day
uae4 hours ago
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