"Stalled discussions about the revised companies law will resume next week, the UAE Minister of Economy Sultan Al Mansourisaid yesterday as the ministry aims to push through one of "the most critical laws" for the economy.
But decisions about raising foreign ownership limits, a much-anticipated clause that was stripped out of the original companies law, remained "open", he said.
"The companies law is one of the most important, critical for us," he told reporters in Dubai yesterday. "It was discussed thoroughly in February of this year during four meetings with the Federal National Council and we have completed 380 articles. We are going back on the 28th [of May] to fine-tune one or two articles and that will also be moving.""
'via Blog this'
No comments:
Post a Comment