This Week's Top 5 News Highlights You Can't Miss
The Law Reporters
The leading techno-legal website that has the vision to make legal content more accessible and reliable.
UAE President amends provisions of Federal Decree-Law governing Presidential Court
The President of the UAE has recently introduced amendments to Federal Decree-Law No. 4/2004, which pertains to the formation and management of the Presidential Court. According to the Decree-Law, the designation "Chairman of the Court" will be substituted with the term "Minister" and the title "Chairman of the Presidential Court" will be replaced with "Minister of the Presidential Court" unless the context necessitates a different interpretation.
UAE considers visa system to facilitate travel for Gulf residents
UAE is exploring a visa system to simplify travel for residents to neighbouring Gulf countries, including Saudi Arabia. According to UAE Economy Minister Abdulla bin Touq Al Marri, during a conference in Abu Dhabi. There are plans for a new visa system that would enable residents within the GCC to travel effortlessly among member countries, including Saudi Arabia. The implementation of this system could happen shortly.
H.H. Sheikh Hamdan approves visionary projects under the Dubai 10X initiative
Dubai plans to develop a wide range of transformational projects spanning critical sectors like transportation, aviation, urban planning, and healthcare. The approval for these visionary projects has been granted by H.H. Sheikh Hamdan as a part of the 'Dubai 10X' initiative.
These initiatives form a crucial component of the third phase of the 'Dubai 10X' program, driven by the Dubai Future Foundation. The primary objective is to establish Dubai as a global frontrunner in future preparedness.
领英推荐
UAE's economy will experience a 3% growth in 2023
S&P Analysts predict that the UAE's economy will experience a 3% growth in 2023, followed by a 4% growth in 2024. This growth is primarily attributed to the non-oil sector, which is anticipated to thrive due to robust tourism, government-driven programs, and technological advancements. These strategic initiatives have been carefully designed to lay the foundation for enduring, extended economic growth.
Abu Dhabi Investment Authority to invest in Reliance Retail Ventures Limited
The Abu Dhabi Investment Authority (ADIA) is reportedly considering a $600 million investment in Mukesh Ambani's Reliance Retail Ventures Limited (RRVL), as per sources. This investment is poised to be at valuations nearly 60% higher than those observed in the previous funding round three years ago.
For any?legal queries?or information, contact?[email protected]?or call us on?+971 52 644 3007