Calls for stronger insolvency laws are growing as the financial crisis takes its toll on the economy.

Current laws governing the liquidation or restructuring of a troubled company remain largely unused and untested, lawyers say.

Research in Motion (RIM), the Canadian company that produces the BlackBerry mobile e-mail device, has distanced itself from a recent software patch sent to its UAE customers by Etisalat, and called into question statements made by the operator.

Property rents in Dubai are at their lowest level for three years and could drop even further, it has been reported.

Tenants can now rent a studio apartment in International City for as little as AED26,500 a year – down from AED60,000 six months ago, according to a report in 7days.

A UK lawyer has accused Dubai property group Damac of selling off-plan units on a plot which it knew was occupied by the United Nations (UN).

The UN has a considerable presence in Business Bay - and occupies the site where Damac plans to build two residential projects: La Residence and La Residence 2 at the Lotus.