Commercial UAE Edition

Thursday Outlook: Asian stocks shuffle higher; oil prices mixed

investment

Middle East will require 3,000 new aircraft for $700bln in 20 years: Boeing

Saudi Ministry of Commerce provisions for smoother distributor-consumer relationship

Learning from the painful lessons of Algosaibi

Opinion - Sachin Kerur

UAE raises ownership limits to help drive diversification

New rules allow for 100 percent ownership in 13 sectors including renewable energy, space, logistics and manufacturing

Opinion - Greg Mayew

Implementing a passporting regime for UAE funds

Foreign funds and other types of security will still need to be approved within each UAE jurisdiction that they are promoted

Opinion - Ashish Panjabi

How to deal with challenging clients

Having a process in place for dealing with difficult customers will give staff greater confidence in handling situations

Opinion - Leroy Levy

Saudi privatisation - the story so far

Both the framework for overseeing privatisation and the first wave of projects have progressed during the past year

Latest News

technology

Epic Games opposes Apple's effort to pause antitrust trial orders

Apple has until Dec. 9 to comply with the injunction, but earlier this month the company said it will appeal the ruling and asked Gonzalez Rogers to put her order on hold as the appeals process, which could take more than a year, unfolds.

healthcare

U.S. surgeons successfully test pig kidney transplant in human patient

The kidney made "the amount of urine that you would expect" from a transplanted human kidney

agriculture

More licences for chicken slaughterhouses planned in Bahrain

Councillors claim such a move would help shut down illegal slaughter houses

financial services

UAE AML/CFT Public-Private-Partnership Committee concludes round of onsite consultation meetings

The sub-committee for the partnership between the public and private sectors to counter money laundering

technology

Dubai: New AI system to detect violations, issue fines at pedestrian crossings

The technology was unveiled at Gitex 2021

policy

COVID-19: New rules for parties, gatherings announced

Operating capacity amended

saudi arabia

Saudi Arabia raises penalty for violating finance companies law

Following the amendment, the penalty shall be $53,000 or 10% of the value of finance to which the violation was carried out, or imprisonment for a period of not more than two years, or one of those two penalties

construction

Crown Prince transfers military land ownership in Asir to government

The land extends on an area of 22,580,225 sqm

transport

UBER, Careem have their Saudi tax dues settled, Asharq reports

Dispute over how to calculate the value-added tax (VAT) due over the past few years

uae

ADJD launches AI-backed interactive case registration service in Abu Dhabi courts

The service aims to enable court users to file their cases without the need to be fully conversant with the applicable laws and court procedures The service aims to enable court users to file their cases without the need to be fully conversant with the applicable laws and court procedures

Multimedia

Court rules against Dubai’s Aramex in $40 million lawsuit