Abu Dhabi City is the capital of the UAE, which was founded in December 1971 as a federation between six of its seven constituent emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah and Umm Al Quwain. The emirate of Ras Al Khaimah (RAK) joined the federation the following year. The UAE is governed by the UAE Constitution, which permits each...
Over the past two decades, Bahrain has witnessed an emergence of a number of large-scale real estate development projects that have had a positive impact on the national economy and created countless job opportunities alongside attracting foreign investment to the kingdom. However, what was to be a carefully supervised and highly profitable...
Legislative Decree No. 21 of 2001 promulgating the Commercial Companies Law (Commercial Companies Law) has been amended by the recently issued Legislative Decree No. 50 of 2014 amending the Commercial Companies Law (New Law), introducing reform to Bahrain’s corporate environment.
The 1996 Basic Statute of the State (also referred to as the Basic Law) sets out the legal structure of Oman and the functions of the executive and the judiciary, as well as citizens’ personal liberties and public obligations. It provides that Oman’s basic principles include free market economics, cooperation between the public and private...
The new Competition Protection and Monopoly Prevention Law (the Competition Law), which was published in December by Sultani Decree No. 67 of 2014, raises important compliance issues for companies doing business in Oman.
The government of Jordan’s continuous efforts to enhance, support and incentivise investments have been boosted recently by the enactment of Investment Law No. 30 of 2014 (the New Investment Law), which sets out a legal framework that accommodates investors’ requirements and promises to provide an economic fillip.
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