Abu Dhabi’s newly formed commercial court has helped resolve a major dispute in record time.
The judgement was delivered within just 12 days, whereas previously it would have taken three months on average for something similar.
The case, valued at AED 52 million was related to a sale contract between an international holding company and a bank.
Around 1,500 judicial decisions have been issued by the new court which was set up less than two months ago to deal with commercial cases.
Abu Dhabi outlines 2050 energy, water strategy
The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital.
UAE exchange house fined AED100mn for regulatory breaches
The Central Bank of the UAE (CBUAE), on Thursday, fined an unnamed exchange house AED100 million due to what it called significant failures in the company's regulatory framework.
Abu Dhabi honours 15 firms as Urban Treasures
From pastry shops and perfumeries to restaurants and tailoring stores, 15 businesses in Abu Dhabi have been honoured with the Urban Treasure awards for shaping the capital's cultural and commercial landscape.
UAE, EU hold talks on trade agreement
The UAE and European Union have held talks on the Comprehensive Economic Partnership Agreement (CEPA) that will deepen trade ties and open opportunities for investment and innovation.
US court blocks most Trump tariffs, says president exceeded his authority
A US trade court blocked President Donald Trump's tariffs from going into effect in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from US trading partners.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has honoured members of the Shabab Al Ahli football team for clinching four titles this season at a special ceremony in Zabeel Palace.
His Highness Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, was named Distinguished Educational Personality in recognition of his extensive contributions to developing the education system locally, regionally and internationally, at an award ceremony held in Abu Dhabi.
A UAE ship carrying water desalination plants arrived at Limassol Port in Cyprus on Thursday, to provide clean drinking water and support sustainable global water security.
