EconWatch.com > UAE Ministry of Economy to introduce new laws to enhance business ...
[AMEinfo.com Latest News] The new companies law being discussed by the Ministerial Legal Committee, will make it mandatory for companies in the UAE to put a general corporate governance framework to ensure protecting shareholders rights and achieve transparency and disclosure of financial results and reports. The new law reduces the period required to form a shareholding company to 40 days and sets the beginning of the financial year from January 1 to December 31, and excludes the first financial year of the company from this rule.
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[Zawya.com - Financial Services News] Impact of Proposed Dubai World Restructuring Likely to Be ...: Moody's says that this information will be key to assessing the precise impact of ."Looking ahead, limited financial transparency is likely to translate into a much higher cost of funding for these entities, unless explicit government guarantees are provided or their level of public disclosure significantly improves .
[Dubai Travel] Dubai World and Nakheel will today announce proposals for ...: Government Actions to Date: In light of the severe financial difficulties faced by Dubai World and Nakheel in 2009, the Government intervened in the interests of the wider economy to protect all stakeholders and start rebuilding the financial strength of the companies. The DFSF provided significant financial support for Dubai World and Nakheel, including funds to pay ongoing interest and working capital expenses, and payment of the Nakheel Sukuk due last December.
[AMEinfo.com Latest News] Aman adopts Corporate Governance in compliance with UAE Securities ...: The Securities Commission in the UAE had granted financial institutions listed in the capital markets with three years to implement the application of Corporate Governance controls, ending on April 30, 2010. The Board of Aman believes that the governance controls, and the responsibilities of the company's boards, commissions and auditors, are a strategic option that will ensure the protection of the company's interests and customers while strengthening the national economy.
[Dubai Travel] AMAN Adopts Corporate Governance In Compliance With UAE Securities ...: The Securities Commission in the UAE had granted financial institutions listed in the capital markets with three years to implement the application of Corporate Governance controls, ending on April 30, 2010. The Board of Aman believes that the governance controls, and the responsibilities of the company’s boards, commissions and auditors, are a strategic option that will ensure the protection of the company’s interests and customers while strengthening the national economy.
[Stateline.org RSS - Economy & Business] Obama promises 'free and fair' air tanker competition | al.com: The company is weighing whether to submit a bid for the $40 billion deal against rival Boeing Co., and has asked the Pentagon for an .Does this promise have more validity than the promise of transparency, the promise of open health care hearings, the promise of no tax increases, the promise of unemployment not going above 8 percent, the ?
[Bits of News] Bits of News - Sovereign Wealth Funds: The Rise Of Corporatism: So if you dismiss all the blather from the MSM about how we have nothing to fear about semi-hostile governments buying up American assets, you can get down to the reality of "yes, we do have something to fear." The Federal Reserve's and President Bush's policies of encouraging consumption and discouraging savings is acting as a sovereignty transfer mechanism. Yet somehow sovereignty is no longer part of national security concerns.
[PR Hub] IPC Partners with Rashed Al Makhawi Enterprises to Connect Traders ...: ABU DHABI, UAE and BERLIN - - Joint Venture With Mercedes-Benz Importers in Abu Dhabi and Dubai - the Al Fahim Group and Gargash EnterprisesABU DHABI, UAE and BERLIN, October 7 /PRNewswire/ --- The new Companies Mercedes-Benz Finance Middle East and Mercedes-Benz Leasing Middle East Offer Financial Services for Passenger Cars and Commercial Vehicles- Medium-term Target: Contract Volume of EUR300 millionPicture is available via EPA (European Pressphoto Agency) and can be downloaded free of charge at:www.presseportal.de/pm/64613/?keygroup=bildDaimler Financial Services AG, headquartered in Berlin, is expanding its global presence to include the Middle East growth region. Toward this end, the company announced the official opening of Mercedes-Benz Finance Middle East and Mercedes-Benz Leasing Middle East on October 7, 2009 at a press conference in Abu Dhabi, United Arab Emirates.
[RagingDebate.com] RagingDebate.com » Economy » Another Pigman Bites the Dust: The UAE newsagency WAM said Sheikh Ahmed bin Zayed al Nahyan's plane has crashed in Morroco. The pilot has been rescued but Sheikh Ahmed, who is a younger brother of UAR President, and Abu Dhabi Ruler Khalifa bin Zayed Al Nahyan, is missing and the subject of an intensive land and air rescue operation.
[Arab Times Kuwait English Daily] Body of UAE sovereign fund director found: “He was extremely well respected as part of the work he did for ADIA and it was expected that he would play a vital role in the future development of the emirate as a leading member of the ruling family,” a source familiar with the matter said.
[PR Hub] Qarun Advisory Partners Implements CarryQuote Solution: DUBAI, UAE - Delta Partners, the leading management advisory and investment firm, has released its latest white paper, "Mobile Broadband in MEA: Promises opportunity but not a smooth ride", assessing the potential and risks for Middle East and African mobile operators to develop their data offer. The Middle East and Africa region has been the world's fastest growing region in terms of mobile penetration growth in the recent past, whilst fixed penetration has stagnated at 20% and 4% levels in the Middle East and Africa respectively.
[Philip Blumberg Blog] Q&A With Philip Blumberg of Blumberg Capital Partners: For example, particularly strong are markets in Texas like Dallas and Houston. While other markets like downtown Los Angeles, Phoenix and Las Vegas are still at bottom.
[Dubai Chronicle] Statement from Sheikh Ahmed Bin Saeed Al Maktoum about the ...: In light of the severe financial difficulties faced by Dubai World and Nakheel in 2009, the Government intervened in the interests of the wider economy to protect all stakeholders and start rebuilding the financial strength of the companies. The DFSF provided significant financial support for Dubai World and Nakheel, including funds to pay ongoing interest and working capital expenses, and payment of the Nakheel Sukuk due last December.
[PR Hub] Randall Kroszner Named Advisor to GETCO: NEW DELHI - India's largest commercial vehicle manufacturer Tata Motors Tuesday signed an agreement to sell its 20 percent stake in Telco Construction Equipment Company Ltd (Telcon) to Japanese partner Hitachi for Rs.1,159 crore. "Tata Motors, Hitachi Construction Machinery and Telcon, a 60:40 joint venture company between Tata Motors and Hitachi, signed an agreement under which Tata Motors has sold a further 20 percent stake in Telcon in favour of Hitachi for a consideration of Rs.1,159 crore," the Indian auto company said in a statement.
[The Irish Economy] The Irish Economy » Blog Archive » Elderfield Speech on Financial ...: Securities law in Ireland is the same as that for the rest of Europe (see the EU directives in this regard -Transparency, Prospectus, Market Abuse and MiFID to name but a few), but no-one lists in Ireland to gain international traction unless they are a mutual fund which only does so to allow investment managers to comply with mandates which require investing in securities listed on OECD markets (effectively they substitute the purchase of trading listed companies for listed mutual funds, many of which are domiciled overseas). It is for that reason and not an absence of regulatory appetite that we don’t have a significant operational securities regulation.
[Investment Adventures in Emerging Markets] Readers' Questions Answered II « Investment Adventures in Emerging ...: A number of companies in Dubai do have the same transparency, seasoned management, honesty and ethics as in markets such as Western Europe and the U.S. Of course, not every company has such characteristics, but we are able to find a number of companies that do. We must remember that every country, including developed countries, have their own share of companies with poor management and corporate governance standards, lack of transparency and other negative characteristics.
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