Abu Dhabi is the largest of the seven emirates that comprise the UAE, in terms of both its land mass and economy, and home to the majority of the country’s energy production and reserves. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenues.
Near-term sentiment is on the rise among Dubai’s business leaders, with the IMF forecasting a healthy GDP growth rate of 4.2% in 2019 for the emirate. While not as exposed as some of its regional neighbours to the effects of fluctuating commodities prices in recent times, Dubai nevertheless stands to benefit from the knock-on effects of higher prices over the last year.
In line with King Hamad bin Isa Al Khalifa’s commitment to strengthening non-oil sectors, the Real Estate Regulatory Authority (RERA) was officially formed with the issuance of Decree No. 69 of 2017 with respect to the organisation of the RERA. It began operations in March 2018, with a focus on licensing real estate service providers,...
In June 2017 the Central Bank of Bahrain (CBB) announced plans to develop a regulatory sandbox, establishing Bahrain as a leader in the Middle East’s financial technology (fintech) landscape. The regulatory sandbox is a virtual space and framework that facilitates the development of fintech through safe testing of innovative products, services...
In recent years Bahrain has seen the introduction of a series of laws designed to further develop the kingdom’s financial sector, facilitate local and foreign investment, and promote Bahrain as a transparent, secure and cost-effective place to do business in the Middle East and North Africa.
The most recent amendments to Bahrain’s Legislative Decree No. 21 of 2001 promulgating the Commercial Companies Law were ratified in January 2018, and built upon the shareholder-friendly trends of the 2014 and 2015 amendments to the decree.
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