The emirate’s reputation for novelty and unique attractions has produced things such as an indoor ski slope in a country where summer temperatures can rise to about 50° C. The can-do spirit of Dubai has determined to produce a clutch of giant theme parks, the world’s biggest Ferris wheel, a replica of the Taj Mahal four times the size of the...
In 2012 UAE insurers underwrote Dh26.3bn ($7.2bn) in premiums, nearly half of the total gross written premiums (GWP) in the GCC region, making it the largest insurance market in the Gulf, followed by Saudi Arabia. Collectively, the two countries accounted for nearly 80% of the $16.3bn in GWP in the Gulf in 2012, according to a report on the...
Developments to modernise Dubai’s health sector over the last decade have seen its infrastructure indicators speed ahead of the regional average in most major categories. The government accounts for 74% of all health care spending in the UAE, according to the latest World Health Organisation (WHO) statistics from 2011, but private health care...
With an increasing population where lifestyle-related illnesses are ever more common, pharmaceuticals companies should see steadily rising demand for their products in Dubai and throughout the GCC. Successful entry into the market is no easy task, and although demand is indeed growing in the region, the Middle East still only accounts for...
The UAE is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Kamiah, Sharjah and Umm Al Quwain (the Federation). In establishing the UAE, the rulers of these emirates agreed to a provisional constitution (the Constitution), which provides the legal framework for the Federation and declares Islamic sharia jurisprudence the...
To provide an encouraging environment for companies to flourish, in 2012 the UAE enacted a new competition law, Federal Law No 4 (the Competition Law). It came into effect on February 23, 2013. WHOM DOES IT AFFECT? Ostensibly, the Competition Law applies to all entities operating in the UAE, and to those operating abroad whose activities affect...
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