New Competition Law In The UAE

In an effort to create a more business-friendly environment in the UAE, the government has drawn up a new “competition” law to be enacted in the near future. Complying with the new law poses some challenges for businesses despite its aim to protect businesses and consumers from anti-competitive behavior, stimulate effective competition, and deliver open, […]

Anti-Money Laundering: A Guide For UAE Companies

Posted on Jul 16, 2012 in Emirates-Middle East

Put simply, money laundering involves concealing the identity of illegally obtained money so that it appears to have come from a legal source. The UAE Central Bank has defined money laundering as “any transaction aimed at concealing or changing the identity of illegally obtained money, so that it appears to have originated from legitimate sources, […]

Abu Dhabi Likely Best Placed if Hormuz Strait Closes

March 8 – Abu Dhabi will become the oil producing member of the Gulf Cooperation Council that is best insulated from a closure of the Strait of Hormuz, once the Habshan-Fujairah pipeline is fully operational later this year, Fitch Ratings says (The following statement was released by the rating agency) Yahoo! Maktoob News Related articles […]

UAE Healthcare | NMC Health PLC Plans Listing on the London Stock Exchange

Posted on Mar 8, 2012 in Emirates - U.K., UAE Investment and Finance

From the Washington Post:  NMC Health PLC, a health care company in the United Arab Emirates, laid out plans Thursday to list its shares in London rather than at home as it seeks to raise up to $250 million. The company said it is targeting an initial public offering on the London Stock Exchange to […]

Emiratis on Top 100 World’s Most Influential Arabs

Posted on Mar 7, 2012 in Emirates-Middle East, Middle East Outlook

“Gulf Business” magazine announced the list of Top 100 World’s Most Influential Arabs for 2012. The classification covers various sectors: finance, real estate, science and technology, trade, culture and society. Dubai Chronicle