The prospect of a large-scale invasion of Rafah, where around 1.2 million civilians are sheltering, has sparked intensifying global alarm
world2 hours ago
Muscat-based Fincorp Group, one of the two Omani partners in MECL, said they would appeal the court decision. "We confirm that we have filed for dissolution of Muscat Electronics before the Primary Court in Muscat and that the honourable court has found it fit to order the dissolution of MECL," the statement said, adding: "We were forced to take this step due to irreconcilable differences among the partners which make it impossible for Muscat Electronics to achieve its objectives." Since 1979, the statement said, Jumbo had managed Muscat Electronics and brought to the company agencies such as Sony, Supra, Ricoh, Chigo and Daikin "and have delivered, consistently, superior returns to the shareholders. "However, following takeover of management and control of Muscat Electronics by Dr. Mohammed Musa of the Fincorp Group (formerly the Al Yousef group) in September 2006, in breach of shareholders' understanding, we have had no option but to seek dissolution of the company. We believe this is in the best interest of the company, its employees, lenders and creditors".
A spokesman for Fincorp Group, meanwhile, noted that the judgement was not final. "We have the right to appeal, first to the Court of Appeal and, thereafter, if necessary, to the Supreme Court."
The prospect of a large-scale invasion of Rafah, where around 1.2 million civilians are sheltering, has sparked intensifying global alarm
world2 hours ago
The festival saw the participation of 120 students in school theatre, Arabic calligraphy, and visual arts
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The PTI founder emphasised a deal is made by someone who wants to leave the country or avoid incarceration
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The ministry said later that Russian aircraft and air defence systems had downed a total of 15 ATACMS in the past week
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Judge ordered the police to ensure the appearance of nine suspects in the Jinnah House attack case, and five others in the Askari Tower case on May 15
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Honouring Sharjah as the Guest of Honour at this renowned cultural event also recognises its central role as one of the key World Book Capitals
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This year's contest has so far been dominated by calls for Israel to be excluded over its war in Gaza, which the organisers rejected
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