Bounced Cheque and its Legal Consequences in the UAE
Bounced Cheque and its Legal Consequences in the UAE Cheques are the most common negotiable instrument used by businessmen and common people as security for commercial and individual transactions. Taking note of the frequency of usage…
UAE is expected to ratify federal debt law this year
The United Arab Emirates government is contemplating the enactment of a law by year end which will allow the federal government to issue bonds. The UAE would issue around 80 billion to 100 billion dirhams ($22 billion to $27 billion) worth…
70% of Dubai projects are facing delays
In the midst of slowing market conditions in the Emirate of Dubai, government spending cuts and continued oil price decline, a high number of property development projects in the UAE won’t be completed as per schedule. It is…
Dubai is moving ahead with the world’s largest mall while Gulf economies slow down
Dubai will press ahead with plans to build the world’s largest shopping mall despite the economic slowdown in the gulf economies. However Dubai will assess market demand before proceeding with the later stages. The Mall of the World, which encompassing…