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CBUAE launches new general terms and conditions for its standing credit and liquidity insurance facilities

As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general terms and conditions for its standing credit and liquidity insurance facilities, where licensed financial institutions in the UAE can access CBUAE reserves on an overnight or term basis by posting …

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New labour relations law comes into force tomorrow for over 4.9 million private sector workers

The UAE is continuing to advance its laws and procedures to facilitate business and enhance the competitiveness and productivity of the national labour market. The new law represents progress in the efforts to improve the national labour market’s sustainability. Recent statistics issued by the Ministry of Human Resources and Emiratisation …

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