Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (9) of 2020 regulating family-owned businesses in Dubai. By providing a clear legal framework for family ownership in the emirate, the new law seeks to protect families’ wealth, enhance the contribution ...

DUBAI / WAM Unifeeder on Wednesday announced the acquisition of Transworld Feeders FZCO, Avana Logistek Limited, including its subsidiary Avana Global FZCO, and Transworld Feeders Pvt. Ltd., the containerised Indian coastal and Exim feeder shipping operations of Shreyas Shipping and Logistics Limited, excluding vessels and bulk operations. The transaction, made via Unifeeder, through its Unifeeder ISC (Indian Subcontinent) platform, a ...

Abu Dhabi / WAM Total assets of the 18 listed national banks rose to around AED3 trillion in H1 2020, up 8.2 percent, compared to the comparable period of 2019, reflecting the strong financial profile boasted by the Emirati banks, according to data released on their websites. The sector’s activity is highlighted by the profitability of the banks, as deposits ...