US Senate all set to pass debt deal bill as default almost avoided
US senators raced to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case scenario of an economy-cratering default seemingly avoided. The Treasury has warned it could run out of money to pay its bills by Monday, leaving no room for delays in enacting...
Israeli parliamentarians adopt strict limits on removing PM
Israeli parliament approved legislation restricting grounds for declaring a premier unfit for office, a move the opposition has called a "personal law" that serves Prime Minister Benjamin Netanyahu. The vote came as Netanyahu's government pushes forward with a judicial reform program, which critics say threatens Israeli democracy and has sparked...
Dubai introduces ‘electronic notary public’ after amending the law
Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away with the need for the presence of a person at the office of the notary public. The 'electronic notary public' comes into being after an amendment to Dubai's Notary Public...
Saudia Arabia to amend administrative penalties for tax law violations
The changed laws are also expected to support tax registrants and help them fulfil their tax obligations
UAE to allow 100% foreign ownership of companies
The move is geared to attract more foreign direct investment to the UAE Cap on shares a company can float on one of the UAE’s stock markets increased from 30% to 70% The United Arab Emirates has amended the Commercial Companies Law allowing foreign investors and entrepreneurs to establish and...
