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07 Nov 2018

UAE Federal Law raising the capital of Central Bank to AED 20 Billion

UAE Federal Law raising the capital of Central Bank to AED 20 Billion The UAE President Shaikh Khalifa bin Zayed Al Nahyan issued Federal Law No. (14) of 2018 concerning the Central Bank of UAE and Organization of Financial Institutions and Activities which aims to raise the capital of the…

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04 Nov 2018

UAE enables the federal government to issue Sovereign Bonds (Public Debt Instruments)

UAE enables the federal government to issue Sovereign Bonds (Public Debt Instruments) UAE The President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued Federal Decretal Law No. (9) of 2018 regarding Public Debt which will enable the federal government to issue sovereign bonds and help the banking sector meet…

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01 Nov 2018

Anti-Money Laundering Law UAE – Update

Anti-Money Laundering Law UAE – Update The purpose of the new law is to stop Anti-money laundering and terror financing in the UAE. There are two units established under this law to practically control the money laundering in the UAE. Following are the main two committees created under the new…

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28 Oct 2018

Saudi may consider restructuring regulatory laws to attract FDI

Saudi may consider restructuring regulatory laws to attract FDI In an event that was hosted at the Saudi Standards, Metrology and Quality Organisation in Riyadh which was in partnership with the Saudi Organisation of Certified Public Accountants and associated with Drooms, the speakers of the said event were of the…

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25 Oct 2018

Cyber Crime Law in United Arab Emirates

Cybercrimes have become a global issue with many jurisdictions frantically trying to incorporate new legislation to cover such crimes and create new punishments to ensure that perpetrators are adequately persecuted. The severity of cybercrimes differs immensely from crime to crime; however, the need for adequate regulation does not falter. The…

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21 Oct 2018

New Regulation on the utilization and importation of auto-spares in the UAE

New Regulation on the utilization and importation of auto-spares in the UAE Having to change any part in your car is something any car owner dreads, the considerable expense of replacing things such as gearboxes or cambelts does not go down lightly. The massive amounts of money that named garages…

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