Gulfnews

UAE cabinet to allow trading companies to issue IPOs

Investors say amendment to law would help lift local stock markets The UAE Cabinet on Sunday adopted an amendment to the country’s Commercial Agencies Law, which would allow trade agencies to convert into public shareholding companies. Trade agencies are a popular method of doing business in the country, created when a UAE entity, typically a

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UAE Cabinet approves new provisions for sponsoring expat family members

Amended provisions now indicate “income” as a requirement for sponsoring family members Abu Dhabi: The UAE Cabinet has adopted a decision to amend provisions of the resolution on sponsoring of foreign workers to their families in the country. According to a statement by the General Secretariat of the Cabinet, the amended provisions now indicate “income”

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UAE private sector to have the same holidays as the public sector

The decree aims at achieving a balance between the two sectors The UAE Cabinet approves national holidays for the year 2019-2020, and grants the private sector the same number of holidays as the public sector.The decree aims at achieving a balance between the two sectors and supporting the national economy, the ministry said in a

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offshore business setup in dubai

100 government centres participate in DOF’s smart initiative

Part of a Department of Finance initiative to boost online services Dubai: Dubai’s Department of Finance (DOF) is leading an initiative to promote using online channels to deliver government services; it aims to complete the smart transformation by 2021. From October 21-25, Dubai will see a ‘Week without Service Centres’ initiative. This comes after a

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