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‘We need a strong regulatory infra to build a sustainable economy’

 BY HH Mohammed bin Rashid Al Maktoum Over the past two weeks, I have heard and read many questions, comments, and news stories regarding recent changes to the government of the United Arab Emirates. Why, everyone seems to want to know, did we establish a Ministry of Happiness, Tolerance, and the Future, and why did we appoint a 22-year-old Minister ...

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DFZ discusses setting up of financial institutions inside Dubai free zones

ABU DHABI / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Free Zone (DFZ) Council, on Saturday chaired the second council meeting which was held at the Emirates Towers. The discussions revolved around the proposed amendments to the draft statute and the financial resources of the council. The meeting also discussed the work progress of ...

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IA to facelift insurance company sector in UAE

ABU DHABI / WAM The Insurance Authority (IA) is discussing a proposal to establish a major national life insurance company in which all licensed national companies will hold stakes, the insurance regulator said today. The proposal is based on the performance of life insurance market valued at AED8 billion where the share of foreign companies stands at 81 percent leaving ...

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