With over half the year already behind us, the UAE continues to stand out as among the largest economies in the MENA region. The World Bank projects a 3.9 percent GDP growth, which is expected to increase to 4.1 percent in 2025. In 2024, the nation’s diversified economy will be more robust than ever, driven …
Non-Muslim foreigners living in the UAE are strongly encouraged to register their wills to protect their family and assets. A will represents a person’s final wishes for asset distribution upon their death and appoints an executor responsible for managing the estate until all assets are distributed. Historically, the UAE relied on Sharia Law to manage …
The United Arab Emirates (UAE) has emerged as a hotspot for entrepreneurial ventures, characterized by a thriving startup ecosystem that has garnered attention on the global stage. The nation’s forward-thinking vision, robust government support, and strategic initiatives have fueled an environment ripe for innovation and investment, making it an attractive destination for startups. According to …
Advantages of Establishing Your Startup in the UAE Weiterlesen »
For its global talent competitiveness, UAE has achieved international distinction and ranked 22nd on Insead’s Global Talent Competitiveness Index 2023 emerging as the highest-ranking Arab country that has ever been. It is fourth in the world in terms of attracting talent and second in external openness. Moreover, UAE’s citizens have benefited from extensive growth opportunities, also earning …
UAE’s Strategies to Attract and Retain Global Talent Weiterlesen »
In an effort to fortify innovation and safeguard intellectual property (IP) rights, the Ministry of Economy of the United Arab Emirates (UAE) has recently introduced a range of initiatives aimed at improving the country’s IP and innovation ecosystem. In 2023, the Ministry of Economy saw a notable surge in patent activity, with 3,415 patent applications …
Enhancing Intellectual Property Rights in the UAE Weiterlesen »
A visionary leader is someone who not only has ambitious dreams for the nation’s future but also possesses the strategic foresight, political will, and administrative acumen to turn these dreams into reality. For the UAE, this has translated into a series of bold and progressive initiatives to diversify the economy beyond oil. This visionary path …
Ras Al Khaimah (RAK), the northernmost emirate of the UAE, is making significant progress and achieving groundbreaking milestones that are reshaping its landscape and boosting its global status. Unlike its more famous neighbors, Dubai and Abu Dhabi, known for their skyscrapers, luxury shopping, and vibrant nightlife, RAK is establishing itself as a leader in sustainable …
Ras al Khaimah Rising: Latest Developments Revealed Weiterlesen »
Overview The United Arab Emirates (UAE) has established a comprehensive legal framework to combat employment discrimination and harassment, fostering a work environment that prioritizes tolerance, equality, and protection of workers. The primary legislation addressing this issue is the UAE Labor Law, Federal Decree-Law No. (33) of 2021 Regarding the Regulation of Employment Relationships and its amendments. …
Anti-discrimination Laws for the UAE’s labor sector Weiterlesen »
On October 31, 2023, the United Arab Emirates (UAE) approved Federal Decree-Law No. 51 of 2023 concerning Financial Restructuring and Bankruptcy, thereby replacing Federal Decree-Law No. 9 of 2016 on Bankruptcy. It applies to companies governed by the provisions of the Commercial Companies Law, any individual operating as a trader, and licensed civil companies of a professional …
Key Provisions on the New Financial Restructuring and Bankruptcy Law Weiterlesen »
Introduction Last Friday marked a significant development as the Financial Action Task Force (FATF) dropped UAE from its ‘gray list’. Initially added to the list in March 2022, this move prompted the UAE to undertake rigorous regulatory improvements. Following its onsite assessments, FATF released its June 2023 Enhanced Follow Up Report which reevaluated identified deficiencies. …