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  • The ‘Real Estate Lawyer’ Initiative - Dubai

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Real Estate & ConstructionServices: Legal
    The Dubai Land Department (“DLD”) has announced the launch of a new initiative known as the 'Real Estate Lawyer', in partnership with Al Tamimi & Company.
  • Dubai Cares reveals $1.5m African education program

    Content Types: ArticleRegions & Countries: AfricaUnited Arab EmiratesIndustries: Education
    Dubai Cares has announced a $1.5 million two-year tertiary education program in Africa.
  • UAE Reduces the official fees for trademark registration

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: All
    In a very much positive and long awaited step, the UAE Ministry of Economy has just reduced the trademark registration fees. According to Ministerial Decree No. (51) of 2019 with respect to the fees of the Ministry’s Services (“Decree”), the reduction of the fees is mainly for the registration fees, which has been reduced up to 33% of the current registration fees (AED 6,700 instead of AED 10,000). The reduction does not affect the filing or the...
  • New DIFC Insolvency Law

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Banking & FinanceServices: Legal
    The DIFC has introduced a new Insolvency Law (Law No. 1 of 2019) as a means of enhancing and facilitating a more efficient and effective bankruptcy regime within the free zone. The new law was enacted on 30 May 2019 and came into force on 6 June 2019.
  • United Arab Emirates: Clarifications on Long-Term Residence Program

    Content Types: ArticleRegions & Countries: United Arab EmiratesServices: Employment & Immigration
    Following conflicting media reports about the UAE government’s long-term residence program, the General Directorate of Residency and Foreign Affairs has clarified in a press conference that the Golden Residency is actually a reference to the 10-year residence permit introduced in February 2019.
  • Dubai Financial Services Authority expands its current crowdfunding framework to include property investment

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Real Estate & ConstructionBanking & Finance
    In August 2017, the Dubai Financial Services Authority (“DFSA”) became the first regulator in the GCC to launch a regulatory framework for loan and investment based crowdfunding platforms. The DFSA has again cemented its position at the forefront of the evolving financial regulatory landscape by announcing the expansion of its current crowdfunding regime to permit, from 1 July 2019, property investment crowdfunding platforms (“PICPs”).
  • “Capernaum” Takes $50M in China: A way forward for the Arab film industry

    Content Types: ArticleRegions & Countries: United Arab EmiratesChinaIndustries: Media & Entertainment
    The Lebanese film “Capernaum” is showing the Arab film industry the opportunities that lie in China. So far, it has grossed USD 53M at the Chinese box office, 73% of its USD 72M global take, making it the most commercially successful Arab film in history. There are lessons to be learnt from this success.
  • United Arab Emirates: Stricter Employment Laws for Dubai International Financial Center Forthcoming

    Content Types: ArticleRegions & Countries: United Arab EmiratesServices: LegalEmployment & Immigration
    The Dubai government approved a new employment law that applies in the Dubai International Financial Center that is expected to go into effect on August 28, 2019.
  • Wafi Program: Off-plan Sales from a Developer’s Perspective and Etnam – Developer Registration

    Content Types: ArticleRegions & Countries: United Arab EmiratesServices: Legal
    On 6 September, 2016 Resolution No. 536 concerning the Regulations Relating to the Sale or Lease of off-plan Real Property Units was implemented by the Council of Ministers (‘Wafi Law’) along with a number of implementing regulations (‘Implementing Regulations’)
  • Dana Gas commences offshore drilling in Egypt

    Content Types: ArticleRegions & Countries: United Arab EmiratesEgyptIndustries: Oil & Gas
    Abu Dhabi: Dana Gas on Tuesday has commenced drilling operations at its Merak-1 offshore well in Egypt.

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