The Dubai Chamber of Commerce and Industry has reported a 24 percent increase in newly registered companies since last year; in part due to the recent successful World Expo 2020 bid, among other positive economic forces. As companies look to establish in the UAE, the Gulf state’s economy is expected to boom across many sectors including trade, logistics, tourism and finance, in the process creating thousands of jobs. The following are 3 important issues to consider regarding employment in
An Introduction to Non-Profit Incorporated Organisations in the DIFC
While the Dubai International Financial Centre (the DIFC) remains primarily focused on the financial services industry, its stable and sophisticated legal and regulatory regimes have increasingly attracted organisations in the culture and arts, retail, leisure and — more recently — the non-profit sectors.
To date, only a handful of non-profit entities have been established in the DIFC. Yet, the more recently introduced regulations allowing the creation of the Non-Profit Incorporated Organisations (NPIOs) may lead to increased interest. Nonetheless it
Top 4 Trends that are Shaping UAE Capital Markets
The strengthening global recovery appears to have brought renewed confidence to the UAE’s capital markets. As such, a number of interesting themes have begun to emerge:
Resurgence in Dubai’s Real Estate Sector: Following a four year gap, IPOs and other equity offerings have returned in the form of DAMAC, Al Noor Hospitals, Arabtec, NMC Healthcare and Bank of London and the Middle East. This resurgence can be attributed to the optimism surrounding Dubai’s Expo 2020 bid,
Infographic: How #Healthcare is Regulated in the #UAE
Investment in the UAE’s healthcare sector is steadily increasing as the government seeks to deliver world-class healthcare to its residents. Latham has compiled the following Infographic to explain the regulatory framework behind the UAE’s first-rate infrastructure projects and advanced healthcare services.
Read more about UAE healthcare regulations here.
How to comply with laws that protect personal #data in the #Middle East
Digital Identity Dominates
Having a digital identity for online browsing, transactions and interactions has become necessary to operate in this information age. As more and more lifestyle and business services shift to the digital platform, there has been an explosive growth in personal data capture. The “Big Data” phenomenon has the potential to transform, innovate and optimize entire industries, yet policy makers need to be able to strike the balance between productivity and privacy to protect personal data.
Protecting Personal
How new UAE Competition Law will impact businesses
The expiration date is looming for the six month transitional period granted to the Federal Law No. 4 of 2012 (the “Competition Law”) On 23 February 2013, the new Competition Law came into force in the UAE, prohibiting certain types of restrictive agreements and abuses of dominance, and introducing merger control. The 23 August 2013 marks the end of this transitional period. In the run up to August, no penalties are likely to apply for non-compliance with the Competition Law.
Iraq: Opportunities Despite Ongoing Uncertainty
Few countries in the world have come close to matching Iraq in terms of contradictory media coverage in recent years. Stories of economic growth and opportunity are tempered by reports of political, tribal and sectarian divisions. While the world is focussed on insecurity in the immediate aftermath of the withdrawal of US troops from Iraq in December 2011, there are increasing signs of an upsurge in economic activity in Iraq. The expected economic boom is likely to be driven by