close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

New UAE companies law seen in 2011-econ min

Companies law part of broad measures to up competitiveness; Minister sees law as close at hand.

0

February 16, 2011 3:54 by



A new UAE companies law could be introduced before the end of 2011, the minister of economy said on Wednesday.

“It could be any time this year,” Sultan bin Saeed al-Mansouri told reporters at a conference in Abu Dhabi.

“It could be this week or next week or next month. From the ministry level, our work is done. It’s more reviewing of anything that needs to be done.”

The companies law, which tackles a host of areas, may relax foreign ownership restrictions and also allow full ownership in some sectors upon request.

By UAE law, only nationals are allowed full ownership of companies operating outside of free zones. The law currently requires foreigners to have a UAE national as a partner or sponsor to conduct business.

The law will also make it mandatory for companies in the UAE to create a general corporate governance framework.

The legislation is part of a move to modernise the UAE’s company, foreign investment and industrial laws to boost transparency and investor confidence. [ID:nLDE6390F9]

(Reporting by Stanley Carvalho, writing by Matt Smith; Editing by Reed Stevenson)



0

Tags: , , ,

Leave a Comment