Faraj Ahnish is one of the UAE's sharpest and busiest legal minds.
The prominent lawyer advises the Government on legislation, and as managing partner of Hadef & Partners in Abu Dhabi, he oversees day-to-day operations at one of the biggest Emirati local firms. More recently, he has begun to help to arrange aid for Libya and draft a constitution for a new government in the country where he grew up.
Biobox: Faraj Ahnish Managing partner of Hadef & Partners
Since 1990, he has been the managing director of Hadef, managing day-to-day operations at the law firm.
Wrote a book, The International Law of Maritime Boundaries and the Practice of States in the Mediterranean Area, published in 1993 by Clarendon Press.
Is licensed to appear in the UAE's federal courts.
With his strong ties to Libya, Mr Ahnish has long been involved with causes there. He got his first law degree from Benghazi university before studying international law in Britain at Hull and Cambridge universities. He is also a trustee of World For Libya, a UK-registered charity founded soon after popular unrest began in February.
In another of his many roles in law and business, he is a senior adviser to the Mercantile Group, a London-based investment company that has offices in Tripoli. The company was founded by Mohamed Moussa, who formed Libya's home and immigration departments and the Libyan Social Security fund after independence from Italy in 1951 but left politics before Muammar Qaddafi took over in the late 1960s.
The Mercantile Group last year said it was building Libya's largest private hospital, and has made numerous investments across the region, including in Arqaam Capital, an investment bank in Dubai. It is also a large shareholder in Mediterranean Bank, one of Benghazi's largest banks.
Mr Ahnish has been practising law in the Emirates virtually since Hadef's founding in 1980, when it was called Hadef Al Dhahiri & Associates after its founder, the UAE's Minister of Justice. Back then, Mr Ahnish recalls, it was a boutique firm with just a few support staff. But he and the other partners have transformed it into a firm with about 80 full-time lawyers.
Hadef added 10 more lawyers this summer, partly to address growing demand for legal services after the global financial crisis.
"The legal landscape in the UAE continues to evolve and we experience a growing demand for our specialised legal service and depth of knowledge of local law and practice," Mr Ahnish said after the additions. "Our large litigation and arbitration teams are also very busy as the volume of disputes continues to develop."
In his tenure at Hadef, Mr Ahnish has both championed and helped to shape legal reforms, including laws that set the stage for the public listings of some of the country's biggest companies. Many companies seeking listings on UAE markets still use the legal procedures and prospectus formats Hadef pioneered. As part of his contribution to the development of local markets, he also played a role in the founding of Aldar, Abu Dhabi's biggest property company, in 2005.
He has also had a hand in other laws and reforms. Two years ago, he praised the decision to scrap minimum capital requirements for limited liability companies. That move was meant to remove barriers for business start-ups.
"It's a step forward towards streamlining and opening the environment in the UAE for investments," he said after the minimums were removed. "There's a lot that needs to be done, but this shows the decision-makers are aware of the importance of improving the investment environment."
Mr Ahnish has also had a role in foreign court cases involving Abu Dhabi Government interests. In one case in 2009, he submitted a brief to a Texas court considering a case against a member of the Abu Dhabi Royal Family. The brief was instrumental in securing a dismissal of the case on the grounds that the defendant was not properly served with legal documents in the UAE.
The brief provided "a sufficient basis for dismissing the claim for lack of jurisdiction without having to consider other motions for dismissal as brought by the defendant", Mr Ahnish wrote in a summary of the case.
Hadef's expansion comes as many law firms in the Emirates look to broaden their footprints in the region after a period of contraction during the crisis. A litany of disputes springing from the financial crisis and a number of major company restructurings have meant more business for many of the country's law firms.
In addition to his role at Hadef, Mr Ahnish is a sponsor and legal adviser to the Abu Dhabi branch of Jasper Capital, an investment banking and management consulting company based in the UK.
He also serves on the human resources advisory committee to the board of Green Crescent Insurance, a company listed in Abu Dhabi.
These days, though, Mr Ahnish is spending much of his time on Libya. Rebels are still fighting for full control of the country as the National Transitional Council - the country's de-facto government - tries to stabilise Tripoli and other cities they have overtaken.
Doctors and medical supplies are needed, something charities such as World for Libya are trying to address. Other needs are likely to emerge, including legal and constitutional matters, in which prominent lawyers such as Mr Ahnish will have a key role.
afitch@thenational.ae
Four reasons global stock markets are falling right now
There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:
1. Rising US interest rates
The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.
Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”
At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.
2. Stronger dollar
High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.”
3. Global trade war
Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”
4. Eurozone uncertainty
Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.
Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”
The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”
Temple numbers
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Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Results
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Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
SPECS
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Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
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UAE currency: the story behind the money in your pockets
Brief scoreline:
Liverpool 2
Mane 51', Salah 53'
Chelsea 0
Man of the Match: Mohamed Salah (Liverpool)
Brief scores:
Arsenal 4
Xhaka 25', Lacazette 55', Ramsey 79', Aubameyang 83'
Fulham 1
Kamara 69'