ABU DHABI / WAM UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1, allowing foreign investors and entrepreneurs to establish and fully own onshore companies. The UAE government has recently adopted an amendment to the Commercial Companies Law allowing 100 percent foreign ownership of companies. Abdulla bin Touq Al Marri, Minister ...

Bloomberg Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom. The value of more than 7,000 tokens tracked by CoinGecko has shrunk more than $600 billion in the past week to $1.9 trillion. Bitcoin, the largest cryptocurrency, slid some 11% on Wednesday to break below $40,000 and is now about $25,000 off its ...

ABU DHABI / WAM The Khalifa Fund for Enterprise Development (KFED), an independent entity of the government of Abu Dhabi mandated to develop and support the Small and medium-sized enterprises (SMEs) sector, launched the Abu Dhabi SME Hub, a new knowledge platform dedicated to supporting SMEs and startups in the UAE. Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi ...