INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE forms new law to punish erring ministers and officials

  • People can submit complaints directly to the public prosecution
  • Those accused may see their travel permits revoked, and even assets frozen

The United Arab Emirates has framed new legislation to increase transparency among its ministers and senior officials.

UAE Vice-President Sheikh Mohammed bin Rashid Al Maktoum has announced on Twitter that President Sheikh Khalifa bin Zayed Al Nahyan has issued a decree law in this regard.

Sheikh Mohammed, also the prime minister and ruler of Dubai, said people could submit complaints — against ministers or senior officials who they feel are violating rules — to the public prosecution.

Those accused may see their travel permits revoked, and even assets frozen, he said, adding that anyone found guilty could also be relieved of their job.

He concluded: “Transparency is our priority in UAE. [sic]”

Read his tweets here:

The UAE is currently ranked 21 out of 180 countries in the Corruption Perceptions Index for 2020, as issued by global anti-corruption watchdog Transparency International.

Having obtained a score of 71 out of a possible 100, it is well above most — if not all — the countries in the region in transparency on that count.