UAE issues new FDI laws

The UAE has issued a number of new laws designed to promote the state’s investment industry and to bring its regulations in line with international standards. The new laws are contained within Decree-Law No. (19) on Foreign Direct Investment (FDI) which was issued by President Sheikh Khalifa bin Zayed Al Nahyan. Among the measures contained within the decree is a new law on anti-money laundering (AML) and terrorist financing, in line with the recommendations of the Financial Action Task Force (FATF), the international body which sets standards for policing the illicit flow of money. One of the key FATF recommendations is the setting up of an independent financial information unit within the central bank to investigate any reports of illicit financing. The UAE decree follows recent measures taken by the Dubai International Finance Centre to update its AML and terrorist financing rules. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.