Colors: Blue Color

Mr. Helal Mohammed Al Hameli, Deputy Director General of the Abu Dhabi Chamber of Commerce and Industry for Advisory Centers and Council, held a virtual meeting online with Mr. David Sanderson, Representative of the Australian Business Group Abu Dhabi (AusBG), and Mr. Pankaj Savara, Commissioner of Western Australia Trade Office, to discuss solidifying trade cooperation between the Abu Dhabi Chamber and AusBG.

According to the real estate bulletin issued by Dubai Land Department (DLD) under the name ‘Real Estate Updates,’ March 2021 recorded the second highest number of real estate transactions since February 2017, with 6,590 real estate transactions valued at about AED 22.9 billion, a growth in number by 43% and a growth in value by 40% compared to March 2020.

HE Abdulla Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry has revealed that a landmark legislation in the Commercial Companies Law, which allows 100 percent foreign ownership of onshore companies in the UAE, is in its final stages of formation. The legislation will enable investors and business in 10 new sectors of strategic importance to come under the purview of the law, and the list sectors and the regulations associated with their entry into the local market will be announced by the UAE Cabinet soon.

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