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Sunday, February 26, 2006

New Companies Law Soon

Gulf News reports that the long-awaited revision of the UAE Companies Law could be with us by June.

The new UAE companies law, that is expected to allow 100 per cent foreign ownership of companies, will come into force in June this year, said a top official.

I am sure that this is completely unconnected with the current DPW imbroglio. Not. One of the more lucid arguments coming out of Merkinland is 'how come an Arab company can buy into our ports, but we can't buy into theirs?'

All good stuff.

2 Comments:

Blogger Axonsax said...

great site "Adventures", keep up the good work and hope you have time to check out my new offering at

http://dangerdxb.blogspot.com/

where I aim to pass irreverent comment on all things Dubai.

The first post today sets the tone...........

4:16 pm  
Blogger Slagothor said...

I'll believe it when I see it, especially when thinking of the "promised new property law" what has been "just around the corner" since the previous millennium.

2:54 pm  

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