The development of a new leases’ standard was originally a joint project between the ISAB and FASB, and through they will not issue converged standards, both will bring leases on balance sheet for leases for lessees. This will result in…
Updates
Real-estate Activity Report
Following Article (44) Clause (3) of ‘Cabinet Decision No.(10) Of 2019 Concerning the implementing regulation of decree-law No. (20) of 2018 on Anti-Money laundering and combating the financing of terrorism and illegal organizations’ and its amendments, the Ministry of Economy…
New UAE Labour Law – a Quick Walk Through on Major Changes
Disclaimer: The official version of the Federal Decree Law no. 33 of 2021 (“Law” or “New Labour Law”) is issued in Arabic language The Law should be read in conjunction with the implementing rules that are yet to be issued…
Corporate Finance Consulting Services
The business climate is constantly changing, thus business owners need to be prepared for everything. As a result, you must carefully consider and analyze every business decision you make to ensure that all associated risks are minimized. Corporate Finance Consulting…
ADNOC-Mubadala Agreement to Breathe New Life Into UAE Economy
The news of an ADNOC-Mubadala Partnership has been doing the rounds in business circes within the UAE. Reports state that the Abu Dhabi National Oil Company, better known as ADNOC, has signed agreements with the Mubadala Investment Company. These agreements…
Emaar Malls Rent Concessions
The COVID-19 pandemic has led to a large-scale migration of the workforce into their homes. The global health crisis led to significant shutdowns around the world, with most schools, colleges and commercial establishments shutting down. Not only has this led…
Foundations in the UAE
UAE Foundations, introduced in 2017, are now an integral part of the country’s wealth management systems. It is an independent legal entity to which its founder confers his assets. Foundations play an important role in wealth management as it distinguishes…
Mergers and Acquisitions in Dubai
These days, it seems every company is finding success through mergers and acquisitions. Businesses in Dubai can greatly benefit from the expert guidance of advisory firms specializing in mergers and acquisitions for reorganization purposes. To ensure maximum growth through improved…