His Highness Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, says the UAE has an attractive and flexible business environment and a stable investment climate ensuring sustainable growth, supported by advanced legislation.
Sheikh Nahyan explained the legislation's in line with the country’s aspirations for the next 50 years, as part of the "Projects of the 50" covering investment, foreign direct investment and business practices.
His Highness added it has empowered the UAE to become an international hub for trade, investment and capital.
Sheikh Nahyan made the comments while meeting Zaki Azmi, Chief Justice of the Dubai International Financial Centre Courts (DIFC Courts), who was accompanied by Omar Juma Al Muhairi, Director of the DIFC Courts, at Expo 2020 Dubai.
During their talks, Sheikh Nahyan lauded the achievements of DIFC Courts in solving financial disputes according to advanced procedures, to ensure the rights of companies and protect their capital.
Global equity markets, including from the U.S., Europe and Asia, rose while oil prices fell on Wednesday, as traders cheered news of ceasefire proposals to de-escalate the ongoing conflict in the Middle East.
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Gulf markets ended mixed on Tuesday, with Qatar extending losses while other bourses steadied as investors parsed conflicting signals on potential US-Iran talks.
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.