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New Regulations balance innovation in the payments sector with safety, security and maintaining the public’s trust in the UAE payment ecosystem.

After a long period of consultation, on 1 January 2017 the Central Bank in the United Arab Emirates (UAE) issued the Regulatory Framework for Stored Values and Electronic Payment Systems (Electronic Payment Regulation). The Electronic Payment Regulation’s key message is that all eligible participating institutions (whether they are banks, payment networks, telecommunications companies, government

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The United Arab Emirates (UAE) is an attractive global business centre and gateway to the wider Middle East region for international companies seeking to commercialise and exploit their brands, products and technologies.

However, the UAE is often considered to present risks from an intellectual property (IP) infringement perspective – a perception that potentially can undermine a business’s strategy and desire to build strong brand awareness and regional demand.

Protection of IP
International companies seeking to capitalise on the growth opportunities