Commercial UAE Edition
Latest News
Britain settles sanctions dispute with Iran's Bank Mellat
British government has settled a GBP1.25billion ($1.6billion) damages claim brought by Iran's largest private bank in an 11th-hour, out-of-court deal
UAE, Hong Kong sign agreement on mutual promotion and protection of investments
The UAE is Hong Kong’s largest economic partner in the Middle East
Millennium Hotels files lawsuit against Saudi hotel owner
Hospitality chain Millennium Hotels and Resorts is currently pursuing a legal course of action against the owner of Makkah Millennium Hotel and Towers
This is what expats need to do to get Omani citizenship
Applicants will need to prove that they live and work in Oman
Kuwait ministry cancels licenses of companies
These four companies are – Al-Waha Real- Estate International Company, Ejia Company for Searches and Medical Services, Dar Sama Real- Estate Company, and Kiwan Real-Estate Company
Oman clamps down on fake shares scam
“Companies must provide documentation of their effectiveness in the transfer and sale of shares in order to reduce hidden trade and the sale of commercial registers.”
Oman excise tax comes into force
The excise tax on selective goods subject to tax began on Saturday as stipulated by Royal Decree No 23/2019.
Walmart's Flipkart, Indian startup settle dispute over sharp discounting
GOQii, a seller of smartwatch-type health devices, sued Flipkart last month in a Mumbai court, alleging its devices were discounted by around 70% to the retail price
UAE announces midday break timings for 2019
If workers work longer than the stipulated hours, they must be compensated
No VAT for international companies holding shows at ADNEC
The VAT waiver covers exhibitions and conferences held over a period not exceeding seven days.
Insights
Dubai's Court of the Blockchain explained
Championing the future, Amna Al Owais, Chief Registrar of DIFC Courts, sheds light on an initiative that is the world’s first.
India hurts itself with clumsy Big Four blitz
Deloitte and KPMG's BSR & Associates were the main firms to sign off on the books of IL&FS Financial Services, a major division among some 350 reviewed by dozens of auditors
Google and Amazon are the antitrust appetizer
Detractors of tech giants often struggle to prove consumers are being harmed by their huge scale
