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UAE Exits FATF ‘Gray List’

Introduction Last Friday marked a significant development as the Financial Action Task Force (FATF) dropped UAE from its ‘gray list’. Initially added to the list in March 2022, this move prompted the UAE to undertake rigorous regulatory improvements. Following its onsite assessments, FATF released its June 2023 Enhanced Follow Up Report which reevaluated identified deficiencies.

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The New UAE E-commerce Law

Introduction The Ministry of Economy in the United Arab Emirates (UAE) has issued Federal Decree-Law No. 14 of 2023 on Commerce through Modern Means of Technology (e-commerce). Tradeling predicts that the e-commerce market in the UAE will witness substantial growth, generating an estimated $17.2 billion in revenue by 2027. The sector is expected to experience

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Law No. (12) of 2023 On Regulation of Real Estate Development in Ras Al Khaimah

I. Introduction On August 21, 2023, Law No. (12) of 2023 was enacted by the Ruler of Ras Al Khaimah, establishing the criteria and responsibilities governing real estate development within the Emirate. In this comprehensive guide, we will provide you with insights into Law No. (12) of 2023 and the key provisions that are essential

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Resolving Rental Disputes in the UAE

Rental disputes in the United Arab Emirates (UAE) are not uncommon, given the dynamic and rapidly growing real estate market in the region. According to Statista’s report, the residential real estate lease market in the UAE has shown steady growth in recent years. This growth is attributed to the increasing population and a shift in

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Global Unity in Action: Key Takeaways from COP28

The successful hosting of the 28th meeting of the Conference of the Parties (COP) to the UNFCCC by the United Arab Emirates (UAE) represents a pivotal moment in the global effort against climate change. With nearly 200 parties and 85,000 participants in Dubai, the conference demonstrated strong global unity, yielding comprehensive and representative outcomes in

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Know Your Rights: Updates to the UAE Consumer Protection Law

Cabinet Decision No. 66 of 2023, addressing the Executive Regulation of Federal Law No. 15 of 2020 on Consumer Protection, officially took effect on October 14, 2023 (Executive Regulation). The Ministry of Economy is responsible for regulating commodities and services within the country. To safeguard consumers from fraud and harm, it has introduced standards for

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Ras Al Khaimah’s Journey towards Sustainability

Nestled on the northernmost tip of the United Arab Emirates, Ras Al Khaimah (RAK) is making significant strides towards a sustainable future. This emirate, often overshadowed by its glitzy neighbors, has embarked on an inspiring journey to balance economic growth, responsible real estate development, and environmental preservation. This effort aligns with RAK Vision 2030 with

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Is the UAE a Safe Place to Live?

When it comes to the United Arab Emirates (UAE), you may find yourself wondering, “Is the UAE a safe country?” The public’s diverse views of the Emirates are often influenced by hearsay, cultural stereotypes, and exposure to media coverage, and among the subjects that commonly come to mind is the matter of safety. However, what

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Tech Meets Law: How AI is Reshaping the UAE’s Legal Landscape

As the digital revolution continues to shape industries across the globe, the legal profession is not immune to its transformative powers. Artificial Intelligence (AI), once thought of as science fiction, is now significantly changing the field of law. In the United Arab Emirates (UAE), a nation known for its progressive outlook, AI’s influence on the

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The Rise of Sustainable Business Practices in the UAE

The global movement towards sustainability has taken the business world by storm, and the United Arab Emirates (UAE) is no exception. In recent years, the UAE has made significant strides in adopting and promoting sustainable practices across various industries. While the nation has long been associated with wealth and opulence, it is now emerging as

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