Abu Dhabi’s newly formed commercial court has helped resolve a major dispute in record time.
The judgement was delivered within just 12 days, whereas previously it would have taken three months on average for something similar.
The case, valued at AED 52 million was related to a sale contract between an international holding company and a bank.
Around 1,500 judicial decisions have been issued by the new court which was set up less than two months ago to deal with commercial cases.
Ferrari leads as Sportico’s F1 team values soar past $34B
Ferrari is the most valuable of the 10 franchises in Formula 1 with $6.4 billion as the sport collectively holds over $34 billion, according to Sportico's latest team valuations published Thursday.
Dubai Chambers opens first US office in New York
Dubai Chambers has opened its first representative office in the United States, located in New York.
Dubai Exhibition Centre gears up for mega events
The Dubai World Trade Centre has announced that Phase One of the Dubai Exhibition Centre (DEC) expansion is nearing completion — a major step towards welcoming key global events from early 2026.
UAE executes first government transaction using Digital Dirham
The UAE has completed its first government transaction using the Digital Dirham, marking a major milestone in the adoption of the country’s national digital currency.
Chad launches $30 billion investment drive from UAE
Chad has officially launched the first round of investment talks in the UAE under its National Development Plan, Chad 2030, also known as 'Chad Connection 2030'.
