In a succession of 35 cases brought by Judicare Group against Khoie Properties, the court ordered the cancellation of the SPAs (Sales and Purchase Agreements), a refund of all monies paid under those agreements to the developer plus interest, compensatory amounts and all legal fees paid by the claimants. In his defence, the developer had
Force Majeure Argument Fails to Connect, Says UAE Court Read More »
His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai issued a law regulating the partnership between the public and private sector. Law No. 22 of 2015 aims to encourage the private sector to participate in development projects and boost their investments in these projects to
New Law to Govern Private-Public Partnerships Read More »
The Labor Ministry has banned issuance of permanent, temporary or seasonal visas to expats for a number of professions that have been added to the reserved category. Jobs in these particular professions have to be carried out only by Saudis. The ministry identified 19 job titles that are off-limits to expatriates. Among them are chief
More Jobs Off-Limits to Expats in Saudi Arabia Read More »
GCC residents can now apply for their entry visas to the UAE through an online portal called ‘Fawri’, the Ministry of Interior announced on Saturday. The Fawri service aims to expedite passenger movement across the UAE’s entry points and streamline the visa process for passengers before they arrive in the country. The service, which is
Online Entry Permits to the UAE for GCC Residents Read More »
The UAE President Sheikh Khalifa bin Zayed Al Nahyan recently issued the Anti-Discriminatory Law No. 02 of 2015 that solely aims to protect its people regardless of their origin, belief, religion, class, race or ethnicity against the commission of acts that promote and spread religious hatred and its intolerance and discrimination in any form; and
Highlights on The New Anti-Discriminatory Law No. 02 of 2015 Read More »
According to the ranking of Emporis, the German real estate data mining company. The top five skylines in the world are Hong Kong, New York City, Singapore, Moscow and Seoul. Notably, Dubai came in sixth despite being significantly smaller and having fewer buildings than any other city in the top 10. Also, unlike the other
Dubai – 6th Best Skyline in the World Read More »
Strict action will be taken against any form of expressions of hatred or incitement to hate crimes spread in the form of speech and published media. The United Arab Emirates has issued a new law against any form of discrimination on the basis of religion, caste, creed, doctrine, race, colour or ethnic origin following a
UAE Issues Law Against Hate Crimes and Discrimination Read More »
The ambitious target set by Dubai to boost the share of renewable energy mix to seven per cent by 2020 is getting closer to reality with the state utility announcing the financial close for the second phase of the Mohammed Bin Rashid Al Maktoum Solar Park. The Dh30 billion Solar Park, one of the largest
Dubai’s Solar Park Closer to Reality Read More »
International credit ratings agency Capital Intelligence, or CI, has affirmed the UAE’s long-term foreign and local currency sovereign ratings of AA- and its short-foreign and local currency sovereign ratings of A1+ after taking into account key economic and financial indicators. The outlook for the rating is stable, meaning it is likely to remain unchanged over
CI Affirms UAE Ratings: Outlook Stable Read More »
The long-awaited law on financial regulation and bankruptcy, which is widely hoped to have a far-reaching positive impact on the UAE’s business environment, is getting closer to reality with the Cabinet approving a draft proposal. The draft of the landmark legislation that seeks to decriminalize bounced cheques and help bail out businesses facing financial troubles
UAE Cabinet Okays Draft Law on Bankruptcy Read More »
