Sweeping legal reforms aim to maintain UAE's competitive edge

The new amendments will add more flexibility to a wide range of economic sectors and industries, reaffirming the UAE’s standing as a leading business hub.
Dubai skyline
Skyscrapers outline the Dubai skyline on Nov. 30, 2020 in Dubai, United Arab Emirates. The country's government recently decreed that foreigners can fully own local firms, a change from previous law that required foreign investors to have an Emirati partner with at least a 51 percent stake in the company. Several types of businesses were excluded from the new law, such as those in the energy, telecommunications and transport sectors. - Francois Nel/Getty Images
Hussein Nagah
Hussein Nagah
@husseinnagah

The United Arab Emirates [UAE] approved a sweeping legal reform on Nov. 27, aiming to boost its economy, maximize the commercial opportunities and enhance social stability.

The new changes include 40 laws ranging from trade, online security, copyright, residency, narcotics and other social issues.

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