News

06 Gen

Traders to receive 50% reduction on commercial fines in Dubai

The Commercial Compliance and Consumer Protection (CCCP) sector in the Department of Economic Development (DED) has announced an automatic settlement facility for traders eligible for 50% reduction on commercial fines. The announcement is in line with the declaration of 2019 as the Year of Tolerance by President His Highness Sheikh Khalifa bin Zayed Al Nahyan. […]

26 Dic

Key changes in Sharjah’s human resources law

The Sharjah Executive Council issued Decree No. 36 of 2018 amending the Executive Council Resolution No. 17 of 2017 on the Executive Regulations of Law No. 6 of 2015 concerning human resources in the Emirate of Sharjah. Heads of various Sharjah government bodies and institutions have highlighted the significance of the new amendments to the […]

20 Dic

Etihad Credit Insurance to fortify inter-Arab trade and UAE exports globally

Etihad Credit Insurance, ECI, the UAE Federal export credit company, has inked a Memorandum of Understanding, MoU, with Arab Investment & Export Credit Guarantee Corporation (Dhaman) to strengthen inter-Arab trade and UAE exports globally. The MoU was signed during the workshop organised jointly by the UAE Ministry of Economy, Dhaman, and UAE International Investors Council […]

19 Dic

ADGM issues public consultation on commercial licence renewal and fines for late account filing

The Registration Authority of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has published two consultation papers inviting comments from ADGM registered entities, advisors and stakeholders on proposed guidance regarding its approach to the imposition of fines for, (a) late filings of annual accounts and (b) for late commercial licence renewals. […]

18 Dic

UAE participates in Italian President’s New Year celebrations

The UAE Ambassador to Italy Saqr Nasser Al Raisi has attended a reception hosted by the President of Italy Sergio Mattarella as part of the New Year celebrations, at the presidential palace in Rome. On the occasion, Ambassador Al Raisi conveyed the greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan; His Highness […]

10 Dic

FNC Parliamentary Division highlights role of parliaments in developing global trade legislation

The Federal National Council, FNC, Parliamentary Division highlighted the importance of the role of parliaments in developing legislation, laws and national practices that will help in the implementation of international trade procedures. Such trade procedures, especially those stated in various international conventions, must be reflected in national policies, programs and legislation. This statement is part […]

07 Dic

MOHRE issues collective labour dispute resolution

Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, has issued a collective labor dispute resolution. The resolution, which includes the definition of a dispute, ways of settlement, and relevant operational procedures and legal penalties, will be published in the latest issue of the Official Gazette. It defines a “collective labor dispute” is […]

05 Dic

Dubai Chamber workshop provides clarity on UAE’s new arbitration law

The Dubai Chamber of Commerce and Industry recently hosted a workshop in collaboration with Taylor Wessing (Middle East) to raise awareness about the UAE’s new arbitration law and examine how various provisions of the law may be interpreted and applied in practice. The workshop, held at the Dubai Chamber’s premises, was attended by their members, […]

04 Dic

Residents, investors utilize new long-term UAE visas: DIFC Courts

DIFC Courts Wills Registry for Non-Muslims has welcomed the Government’s decision to issue long-term visas and believes it will encourage more UAE residents to protect their family’s financial future with the certainty of a safe and enforceable Will. The Wills Registry for Non-Muslims at the DIFC Courts expects to see a rise in Will registration […]

03 Dic

Federal Authority for Identity and Citizenship announces deadline extension to ‘Protect Yourself by Adjusting Your Status’ initiative

The Federal Authority for Identity and Citizenship announced a deadline extension to the “Protect Yourself by Adjusting Your Status” initiative. The initiative, which is being extended to 31st December, 2018, upon the directives of the wise leadership and as part of the 47th National Day celebrations, aims to provide new opportunities for those who qualify […]