Search Results for: UAE
UAE signs up as founding member of Asian Infrastructure Investment Bank
April 6th, 2015
The UAE has joined the China-led US$50 billion Asian Infrastructure Investment Bank (AIIB) as a founding member, the government announced on Sunday. The Abu Dhabi Fund for Development, which has Dh8bn in capital, will represent the UAE government on ...
Long-awaited new UAE companies law issued by Sheikh Khalifa, boon for markets
April 3rd, 2015
The long-awaited new companies law will be a boon to IPO activity in the UAE and boost corporate governance, lawyers have said. The Commercial Companies Law No 02 for the year 2015 was issued by Sheikh Khalifa, President of ...
UAE moving towards allowing 100% foreign ownership of businesses outside free zones
March 31st, 2015
Plans for a law to allow full foreign ownership of companies outside free zones in strategic sectors are at an advanced stage, the Minister of Economy said. At a the Annual Investment Meeting in Dubai on Monday, Sultan Al ...
Hungary brokerage troubles widen with Quaestor clampdown
March 12th, 2015
Third brokerage in a row to face regulatory action Quaestor bond issues may have exceeded permitted limit – cbank Bond redemptions exceeded its liquid asset-Quaestor Investment firm asks for state help (Adds central bank comments, detail) The National Bank ...
UAE set to be the first to offer green-energy sukuk
March 12th, 2015
The UAE is expected to issue the world’s first Sharia-compliant bond aimed at financing green energy projects this year, possibly as early as next month, according to industry experts. “We are going to get one, possibly two , ...
UAE To Conclude FATCA IGA This Month
February 17th, 2015
The Ministry of Finance of the United Arab Emirates (UAE) held a press conference on February 15, 2015, to discuss the latest developments regarding the draft agreement on implementing the US Foreign Account Tax Compliance Act (FATCA). FATCA, which ...
UAE’s NBAD launches market-making on Abu Dhabi bourse
February 3rd, 2015
National Bank of Abu Dhabi (NBAD) officially began market-making – quoting buying and selling prices – on the Abu Dhabi stock exchange (ADX) on Tuesday, aiming to boost trading volumes. The bank, the largest lender by assets in the ...
Saudi, UAE signal no push for OPEC oil cut
November 26th, 2014
OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group’s meeting this week to prop up prices that have collapsed by a ...
The UAE’s pressing need for legislative reform
November 10th, 2014
There is no doubt that, in the past 15 years, the UAE has managed to build what is, by any standards, the most developed infrastructure, the highest quality of life, the most diversified economy, and the most efficient government ...
IMF update on the UAE economy
November 6th, 2014
At the conclusion of the visit, Mr. Finger issued the following statement today in Dubai, “Economic recovery has continued at a solid pace, supported by construction, logistics, and hospitality. Ongoing public projects in Abu Dhabi and continued strength in ...
