Dubai International Financial Centre’s new regulatory framework analysed in 2016 report
Dubai—The changing role of the Dubai International Financial Centre (DIFC) and what its expansion means for the wider business community is one of many issues to be explored in a report by the global publishing firm Oxford Business Group (OBG) in its updated legal framework analysis for 2016.
The Report: Dubai 2016, which is to be published shortly, will shine a spotlight on the emirate’s new laws and others that remain in the pipeline. There will be detailed coverage of the Public-Private Partnership (PPP) law and its significance for investors. The publication will also give business leaders an insight into what to expect from the upcoming VAT law and from a potential introduction of a corporate tax. Other topics analysed include the UAE’s decision to scale back fuel subsidies.
Dentons, the world's largest law firm, has signed a memorandum of understanding (MOU) with OBG for the publishing firm’s 2016 report on the emirate. Under the MOU, the firm is teaming up with OBG for a fourth consecutive year to compile and produce the Law Chapter of The Report: Dubai 2016.
Jana Treeck, OBG’s Managing Director for Middle East, said Dentons’ contribution is particularly welcome again, given the rapid rate at which the emirate’s legal framework is changing.
“We know that 2016 will be a year in which important new laws are ushered in and others introduced in 2015 take root,” she said. “For more than five decades Dentons has been a key player in helping businesses to understand and navigate these legislative changes. I’m delighted that its team will be helping to keep our legal analysis ahead of the game.”
OBG’s Country Director in Dubai, Nihan Alan, agreed that the Group’s partnership with Dentons had given the publishing firm’s reports on the emirate an edge.
“Like Oxford Business Group, Dentons recognises the importance of having access to local expertise when it comes to providing customers and clients with the most accurate and up-to-date information available in increasingly integrated markets,” she said. “It is a pleasure to work with its team again in what promises to be a year of exciting developments in the emirate.”
The Report: Dubai 2016 will be a vital guide to the many facets of the emirate, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain interviews with leading representatives from the UAE and from abroad including the Chairman of Dubai Airports Sheikh Ahmed bin Saeed Al Maktoum, the President of China Xi Jinping, the Minister of State for Financial Affairs Obaid Humaid Al Tayer, the Managing Director of the Expo 2020 Higher Committee Reem Al Hashimi, the Chairman of DP World and Ports, Customs and Freezone Corporation (PCFC) Sultan Ahmed bin Sulayem, and the President and CEO of the Dubai Chamber of Commerce and Industry Hamad Buamim. It will be available in print or online.
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