The UAE will liberalise domestic gasoline and diesel prices from August 1, the energy ministry said in a statement carried by state news agency WAM on Wednesday, 22 July 2015. Domestic fuel prices are currently among the lowest in the world because of heavy state subsidies. Allowing prices to move more freely would reduce pressure […]
The UAE will Liberalize Domestic Gasoline and Diesel Prices from August 1 Read More »
In an effort to stimulate business growth and economic development, Dubai and Abu Dhabi are exempting companies from administrative fines imposed by Department of Economic Development. The ruler of Dubai has issued a decree waiving fines imposed on businesses whose licenses have expired until the end of 2018. This decree is a positive step in
Stimulating Business Growth in Dubai and Abu Dhabi Read More »
The UAE Cabinet has issued a decision to extend the visa of the widowed or divorced women residing in the UAE and their children for one year from the date of the divorce or the death of the spouse. It grants widows and divorced women and their children a one-year residence without the need for
One-Year Visa for Widows and Divorcees Residing in UAE Read More »
UAE Federal Law No. 6 of 2018, which was issued on 3 May 2018 and formally promulgates a new arbitration law for the UAE, has finally been published. The new law repeals the previous provisions contained within UAE Civil Procedures Law No. 11 of 1992 and shall apply to all arbitral proceedings that are ongoing
The First-Ever UAE Federal Arbitration Law Published Read More »
Starting in July, Dubai radars will be able to catch tailgaters. The Dubai Police launched its annual ‘Keep a safe distance’ traffic campaign, quoting tailgating as the third-leading cause of traffic deaths.
Tailgaters in Dubai Will Be Caught on Radar Read More »
Starting February 4, 2018, all new employees to the UAE (including domestic workers) are required to produce a “Good Conduct and Behavior Certificate” from their home countries, or from the countries in which they have lived and worked in the past five years. The certificates must be legalized up to the UAE Consulate in the
Criminal History Check Required to Work in the UAE Read More »
From October 1, 2017 the new Excise Tax law of the UAE was introduced. Certain goods which are harmful for human consumption or environment are selected for imposing Excise Tax. Carbonated drinks, energy drinks, and tobacco are selected; and excise tax for carbonated drinks shall be at the rate of fifty (50) percent, and for
What Do You Know About the New Excise Tax in the UAE? Read More »
The UAE Ministry of Finance recently released additional information on the VAT mechanism, which will be implemented from 01 January 2018 in the UAE. The Ministry of Finance confirmed that certain financial services, residential services, bare land and local passenger transport will be exempted from VAT. These exempted sectors will be further defined in the
Residential Properties to be Exempted From VAT in the UAE Read More »
The UAE’s Attorney General has warned that legal action, including a possible jail sentence, will be taken against anyone showing sympathy to Qatar. Counselor Dr Hamad Saif Al Shamsi told Al Bayan today that the UAE will take action against anyone who seeks to threaten the stability of the UAE by showing support for Qatar’s
Legal Action Against Anyone Showing Sympathy to Qatar Read More »
An MoU was signed between the Central Bank of the UAE and the Abu Dhabi Judicial Department, regarding electronic linkage with local courts, to facilitate execution of judgments, court orders and decisions issued by Abu Dhabi Courts at all levels, including individuals, companies, and financial institutions. The MoU was signed by Central Bank’s Deputy Governor,
Signature of MoU between Central Bank and Abu Dhabi Judicial Department Read More »
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