Dubai – His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a new law regulating the Real Estate Regulatory Agency. The new law issued, Law No. 4 of 2019, states RERA as a public institution, to come under
Background: The Dubai International Financial Centre Authority (“DIFCA”) has introduced a new DIFC Employment Law (DIFC Law No. 2 of 2019) (the “New Law”) which will replace the current DIFC Employment Law (Law No. 4 of 2005, as amended by Law No. 3 of 2012) (the “Current Law”) in its entirety.
Since the issuance of the Cabinet Resolution No. (57) of 2018 concerning the Executive Regulations of Federal Law No. (11) of 1992 on the Civil Procedure Law on 9 of December 2018 simultaneously with the new amendments on the Civil Procedures Law via Federal Decree Law No. (18) and controversy
1) Freeze on federal government fees The UAE federal government announced on 28 February 2018 a three-year freeze in government fees, saying the move was intended to attract more foreign investments, promote economic stability and support the industrial and commercial sectors. 2) VAT on gold rolled back The UAE federal government rolled back
Dr. Mohammed Haitham Salman has recently presented in The 3rd International Conference on Organization and Management (ICOM) 2017 a study which concluded the following findings: The development of corporate codes has progressed dramatically in GCC region since 2014 and many countries have been shifted from voluntary basis to towards “comply-or-explain” or
1) Dh50 billion stimulus package A massive Dh50 billion stimulus package for Abu Dhabi has been announced by Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince, with the aim of accelerating the economy over the next three years. And the executive committee of Abu Dhabi executive Council has been given just
Like most of GCC countries, the UAE has recently issued the long-waited law to develop the investment environment and promote attracting FDI in line with the developmental policies of the State. The federal law No. 19 of 2018 regarding Foreign Direct Investment (the Law) has been issued on 23 of
