UAE Seeks to Boost Foreign Direct Investment Through Changes to Companies Law
In November last year, the UAE Government issued Federal Decree No (26) of 2020 (Decree) amending several provisions of the UAE Commercial Companies Law No (2) of 2015 (Companies Law). These amendments, which are applicable to privately-owned companies, significantly alter the landscape of foreign direct investment in the UAE by repealing the FDI Law and eliminating the legal requirement for UAE participation in ‘onshore’ companies and foreign branches
Keeping the World’s Largest Single Site Solar Plant Construction on Schedule Using Drones
Noor Abu Dhabi, located in Sweihan, covers an area of 8km and features 3.2 million solar panels. As part of UAE's Energy Strategy 2050, Noor Abu Dhabi was the first significant pipeline of the project reducing Abu Dhabi's CO2 emissions by one million tones; the equivalent of taking 200,000 cars off the road. Ensuring this project goes smoothly was imperative; it would mark this major milestone as a resounding success.
BBG Member and sponsor of the New Members’ Breakfast last week, Hadef & Partners’, Head of Employment & Partner Rachel Hill has compiled a “cheat sheet” for BBG Members to refer to that will help employers navigate the evolving guidelines around COVID and safe working environments. For more information and advice, please contact Rachel and her team directly.
BRITISH BUSINESS GROUP DUBAI AND NORTHERN EMIRATES ANNOUNCES AHR PRIVATE WEALTH AS NEW ANNUAL SPONSOR
The British Business Group Dubai and Northern Emirates (BBG) is delighted to announce that British-owned, Dubai-based AHR Private Wealth is now an Annual Sponsor, as of January 2021. Both entities are at an exciting stage of development and are partnering with mutual benefit and in the interest of British businesses and expats in the region.
What will your company “witness statement” for the environment look like in 2021?
David Attenborough had said that his latest film, Life on Our Planet, was his “witness
statement” for the environment. He urges us to "rediscover how to be sustainable” and
that “we need to move from being apart from Nature, to becoming a part of Nature, once
CBD client secure first private direct investment from Israel into the UAE
In September 2020 the United Arab Emirates and Israel signed the Abraham Accord, effectively normalizing ties between the two states. The accord is just the first step paving the way for regional harmony, collaboration and growth creating consequent business opportunities, and has resulted in justifiable optimism and excitement within the business communities in each country.
Bupa Global Executive Wellbeing Index Reveals Insights into the Behavioural Response of the UAE’s High Net Worth Individuals and Senior Executives through the COVID-19 Pandemic
Bupa Global recently launched the Bupa Global Executive Wellbeing Index analysing the effects of the COVID-19 pandemic on the world’s high-net-worth community. The index, which surveyed almost 2,000 HNWIs and senior business executives based across Europe, North America, the Middle East and Asia showed that despite concerns about the economy and mental health, global executives have been quick to see potential benefits.