Insight Category: News
Dubai Government Keeps Up with the Aspirations of the People His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, earlier this week issued the Dubai Law No. (4) of 2019 (“New Law”) pertaining to the Real Estate Regulatory Agency (“RERA”) initially established by law No. (16) of 2007… Continue reading New Dubai RERA Law Issued...
Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), today signed a memorandum of understanding (MoU) with UAE-based regional law firm BSA Ahmad Bin Hezeem & Associates LLP (BSA), at Cityscape Global 2019. The MoU aims to develop professional skills in the real estate industry to promote Emiratisation and was signed… Continue reading Dubai Real Estate Institute and BSA Sign MoU to Boost Skill Development and Emiratisation in UAE’s Property Industry...
UAE Law No. 1 of 2019 issued on 30th June 2019 by HH Sheikh Mohammed Bin Soud Al Khasimi Ras Al Khaimah is one of seven’s emirates of the UAE. As a recent World Bank report pointed out, Ras Al Khaimah has one of the best economies for enforcement contracts and its “estimated Ease of… Continue reading RAK Establishes Commercial Court...
Dubai government expands opportunities for the private sector, as it restricts the expansion of state-related entities. Dubai is controlling the number of state-related entities to help support the expansion of the private sector and its economic growth. To assist with the governments already initiated attempts to reevaluate the role of the public and private sectors,… Continue reading Dubai Government Expands Opportunities for the Private Sector...
In total, 1990 economies were assessed in the report. Among the four reforms introduced last year, the UAE made starting a business less expensive by reducing the fee for business incorporation; dealing with construction permits was also made easier by using a risk-based approach to reduce the number of inspections; increased minority investor protections were… Continue reading UAE Leads for Ease of Doing Business...
DUBAI – The UAE remains the best country for doing business in the Middle East and North Africa (Mena) region for yet another year, as it introduced 4 new reforms in the last 12 months, the World Bank said in its latest report. The World Bank praised the UAE, saying that the business regulatory reforms… Continue reading UAE Stays Top MENA Economy...
On the 1st of October 2017, the Federal Tax Authority (FTA) implemented an Excise Tax on certain products, including 100% on both tobacco-related products and energy drinks and 50% tax on carbonated drinks. Due to the success of these taxes in reducing the consumption of these products, the FTA, as per Cabinet Decision No (52)… Continue reading UAE Federal Tax Authority Extends the Excise Tax...