This chapter contains an overview of the legal framework under which local and foreign investors operate in Kuwait, including a look at the amendments made to the Companies Law and an examination of the New Agency Law which is taking effect after 50 years.
This chapter contains a viewpoint from Philip Kotsis, Partner, Al Tamimi & Co.
As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.
Founded in December 1971 as a federation between six of its seven constituent entities, the UAE includes the emirates of Abu Dhabi – the capital city – Dubai, Sharjah, Ajman, Fujairah and Umm Al Quwain. The emirate of Ras Al Khaimah joined the federation the following year. The UAE is governed by the UAE Constitution, which permits each...
This chapter contains an overview of the legal framework in which local and foreign investors operate in Abu Dhabi including the key highlights of the basic legislative guidelines, a review of the main points for setting up a business and an outline of the free zones and other incentives on offer.
While reduced oil prices are undoubtedly a concern for the emirate’s authorities, economic diversification efforts of recent years mean Abu Dhabi is well placed to weather a prolonged period of subdued prices. Vision 2030 meanwhile contains a raft of goals that will further reduce the emirate’s reliance on hydrocarbons, and continue to foster the emergence of a more sustainable and knowledge-based economy in the years ahead.
Growing recognition among locally based and overseas companies seeking dispute resolution has seen the Dubai International Financial Centre (DIFC) Courts strengthen its position as one of the world’s leading commercial courts.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
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