A long-awaited bankruptcy law could be finalised by late 2016, the UAE's Economy Minister has said. His Excellency Sultan bin Saeed Al Mansoori said investment legislation being drafted would permit majority foreign ownership of companies in certain sectors. Under current rules, bounced cheques and unpaid loans can land business owners in jail. The measure is expected to help smaller firms in particular to manage their debt more responsibly.
UAE sets minimum excise price for e-cigarette liquids
The UAE Ministry of Finance has announced a new decision setting a minimum excise price for liquids used in electronic smoking devices and tools.
Meta apologises to India for restricting PM Modi's post
Meta Platforms' Chief Global Affairs Officer Joel Kaplan apologised to India's information technology minister for briefly restricting a post by Prime Minister Narendra Modi in July.
Dubai Duty Free to offer payment in cryptocurrency
Dubai Duty Free has become the first airport retailer in the Middle East to introduce the regulated digital payment solution Crypto Pay.
UAE's GDP grows by 3% to AED485 billion in first quarter of 2026
The UAE's real gross domestic product grew by 3 per cent in the first quarter of 2026 to reach AED485 billion, reflecting the resilience of the national economy despite the regional challenges.
Meraas marks key project milestone at 'Nourelle'
Meraas, a member of Dubai Holding Real Estate, has awarded a contract to International Foundation Group for commencement of groundworks at Nourelle, marking the next phase in the delivery of the premium residential development within Madinat Jumeirah Living.
United Arab Emirates Deputy Prime Minister and Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan discussed the latest regional developments during a phone call with Secretary-General of the League of Arab States Nabil Fahmy.
The UAE has joined Qatar, Jordan, Indonesia, Pakistan, Turkey, Saudi Arabia, and Egypt in strongly condemning the ongoing Israeli attacks in the Gaza Strip.
The UAE Aid Agency has announced urgent humanitarian assistance for people affected by severe flooding in Bangladesh following heavy monsoon rains.
