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United Arab Emirates is the central shipping point in the Middle East, operating several ports in the country, which contribute substantially to the GDP of the UAE.

Global philanthropic giving is a major economic force, with cross-border philanthropy totalling USD70 billion in 2023.*

Time charterers and demise charterers are usually responsible for supplying the chartered vessel with bunker supplies for the term of the charterparty.

For many business owners, there may come a time when the jurisdiction or environment in which they operate in is no longer favorable or attractive.

Ex-patriate residents of Qatar are no longer eligible for UAE visit visas for GCC residents and are banned from international flights passing through the UAE.

With 2023 now firmly behind us, Walkers' Dubai based capital markets team discuss the year's key transactions and the upcoming trend expectations for 2024.

Financial Services Sector In The UAE: Is Your Firm Prepared For COVID -19?

The DIFC Courts' Small Claims Tribunal (the "SCT") has long attracted small- to mid-size business owners and individual litigants, as well as corporates seeking a swift and efficient forum...

Independent professional services group Praxis has boosted its corporate services and fund administration team in the UAE with the addition of two highly experienced professionals in Dubai.

According to industry experts, all indicators for the UAE banking industry are positive and show that the industry is stable, profitable and mature.

Strong relationships with customers remain the key to successful contractual lending and borrowing arrangements in the UAE.

There has been a noticeable uptick in sophisticated scam arrangements targeting corporates in the energy, infrastructure and broader commercial sectors, particularly in relation to purported financing...

On 15 March 2017 a significant new law, Law No 20 of 2016 Regarding the Pledge of Movables as Security for a Debt ("Pledge Law"), came into force in the United Arab Emirates (UAE).

2023, the ‘Year of Sustainability' in the UAE, a nationwide commitment towards sustainable practices. Environmental, social and governance (ESG) considerations...

In a landmark decision, the Dubai Court of First Instance limited the scope of a land mortgage after finding that the financing bank had failed to channel the full loan proceeds...

Mudaraba is a profit-sharing Islamic finance partnership arrangement. Under this structure, the Investor (the "Rab-al-Mal" or "Investor") invests assets into the partnership, while the Manager (the "Mudarib" or "Manager") receives and manages these assets.

The Federal Decree-Law No. 14/2018 on the Central Bank and the Organisation of Financial Institutions and Activities, along with its recent amendments outlined in Federal Decree-Law No. 54/2023, has introduced significant changes impacting both investors and banks.