Founded in December 1971 as a federation between six of its seven constituent entities, the UAE includes the emirates of Abu Dhabi (the capital city), Dubai, Sharjah, Ajman, Fujairah and Umm Al Quwain. The emirate of Ras Al Khaimah joined the federation the following year. The UAE is governed by the UAE Constitution, which permits each emirate to have its own legislative body and judicial...
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Chapter | Legal Framework from The Report: Abu Dhabi 2019
Abu Dhabi is the largest of the seven emirates that comprise the UAE, in terms of both its land mass and economy, and home to the majority of the country’s energy production and reserves. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenues.
Near-term sentiment is on the rise among Dubai’s business leaders, with the IMF forecasting a healthy GDP growth rate of 4.2% in 2019 for the emirate. While not as exposed as some of its regional neighbours to the effects of fluctuating commodities prices in recent times, Dubai nevertheless stands to benefit from the knock-on effects of higher prices over the last year.
Articles & Analysis | Morocco to promulgate laws governing crowdfunding in 2019 from The Report: Morocco 2019
In the last five years Morocco has made the financial inclusion of entrepreneurs a priority. Indeed, a series of measures have been adopted to facilitate access to financing for entrepreneurial projects.
Interviews & Viewpoints | Mehdi Megzari and Omar Sayarh, Partner and Managing Partner, Sayarh & Menjra Law Firm: Viewpoint from The Report: Morocco 2019
Real estate investment trusts (REITs) are an innovative investment vehicle which benefits from a strong appeal in numerous markets around the world. REITs have proven their suitability for individual investors, partnerships and the general public due to them being subject to a strict regulatory framework and operated by licensed management...
Articles & Analysis | Legal regulations governing the Moroccan power sector evolve alongside targets from The Report: Morocco 2019
Morocco used to be the largest energy importer in MENA. Today, its challenge has shifted from becoming an independent energy producer to an exporter. In 2008 the government launched the National Renewable Energy and Energy Efficiency Plan, which aimed to develop alternative energies to meet 15% of the country’s domestic needs and increase the...