The UAE will set up federal prosecution offices, dedicated to tackle money laundering and economic crimes, in a bid to develop the country's judicial system while continuing to boost financial stability.
The Federal Judicial Council, chaired by Abdullah Sultan bin Awad Al Nuaimi, approved the proposal by the Attorney General.
It is part of the transformative projects being worked on by the Ministry of Justice and Federal Judicial Council to improve the professional and legal performance in the UAE.
Establishing the entities signifies an important first step in investigating money laundering and many other economic crimes including corporate crimes, bankruptcy, regulation of competition, financial markets, intellectual property and trademarks, or those that violate the UAE's financial rights, such as customs evasion crimes.
The new offices will help strengthen and to protect the UAE’s national economy, giving international investors more confidence in the UAE’s business environment, and encouraging them to bring their businesses to the country.
Spinneys 1961 Holding PLC, an operator of premium grocery retail supermarkets under the Spinneys, Waitrose and Al Fair brands in the UAE and Oman, started trading on Thursday on the Dubai Financial Market (DFM).
After 55 years in the travel retail industry and 41 at the helm of Dubai Duty Free (DDF), Colm McLoughlin, Executive Vice Chairman & CEO has announced that he is stepping down from his role on May 31, 2024.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, says he expects passenger traffic at Dubai International Airport to exceed 90 million by the end of this year.
Expanding flexible working hours and remote work policies in the public and private sectors have been announced by Dubai Executive Council in plans to tackle traffic congestion in the city.