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Latest News|News Archive
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05-12-06Al Tamimi & Company wins Real Estate Award
The Al Tamimi & Company Property & Banking Departments are proud to have won the Islamic Real Estate Finance (IREF) ME 2006...
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19-11-06New York Arbitration Convention now Law in UAE
On 19 November 2006 the UAE formally acceded to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards and the terms of the Convention became law throughout the UAE.
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28-09-06UAE: Ministry expects to adopt Company Law by year-end
The Federal Company Law allowing 100 per cent equity to foreigners in selected sectors and the Competition Law to protect anti-competitive monopolistic practices in the country are expected to be passed by the year-end, according to a senior official at the Ministry of Economy and Planning.
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25-09-06UAE: Budget law to offset oil price volatility
The UAE is implementing a modern, organic budget law along with performance based budgeting to achieve better disclosure and greater transparency, according to Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry.
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25-09-06Saudi Arabia: Sponsorship Transfer Liberalized
Labor Minister Dr. Ghazi Al-Gosaibi issued a decision liberalizing transfer of sponsorship by expatriate workers. According to the decision, which comes into effect on Oct. 28, a worker should complete at least one year with his present employer to avail of the new facility.
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01-09-06Revolutionary healthcare realized in Abu Dhabi
In a landmark decision to provide mandatory health care for all, the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan in his capacity as Ruler of Abu Dhabi has made it mandatory for employers to enroll their employees in a comprehensive health insurance system.
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