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UAE's 'Gold Card' to boost investments.
After nearly all of Gulf’s stock markets were made accessible to foreign direct investment, most of them were upgraded to ‘emerging market’ status, which in turn helped them attract sizeable investments. Some of them have since moved to address another important issue to attract...
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UAE to fine jail those neglecting or insulting senior citizens.
Abu Dhabi: The Federal National Council (FNC) on Wednesday passed a draft law on the welfare of senior citizens in the UAE to ensure their dignity and their access to social justice. The draft law includes penalties amounting to fines and imprisonment for those who insult or neglect senior c...
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ICC Amends its Rules
ICC Court amends its Rules to enhance transparency and efficiency The International Court of Arbitration of the International Chamber of Commerce (ICC Court) has announced important amendments to the ICC Rules of Arbitration (Rules) with the aim of further increasing the efficien...
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No more jail for minor offences in UAE
Changes have been introduced to the UAE Penal Code to replace jail terms for minor offences with community service, according to a new law. Community payback such as cleaning the streets, schools or other voluntary work will be determined in a decision by the Minister of Justice, in agreement with...
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UAE President Establishes Federal Tax Authority
President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued a decree on Monday to set up a new authority to collect data, information and statistics related to federal taxes. The Federal Tax Authority (FTA) will be responsible for setting up and maintaining records on taxpayers and on taxes p...
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UAE Cabinet approves final draft of Federal Bankruptcy Law
UAE Cabinet approves final draft of Federal Bankruptcy Law http://www.thenational.ae/business/economy/uae-cabinet-approves-final-draft-of-federal-bankruptcy-law
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