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UAE warns businesses of $272,000 fines for consumer protection law violations

UAE warns businesses of $272,000 fines for consumer protection law violations

by Danissa Guotana | Jan 16, 2024 | Business

New UAE consumer protection laws could see businesses handed fines of up to AED1m ($272,000) for violations. The new regulations outline 43 obligations businesses have towards consumers purchasing products in the UAE. The Ministry of Economy held a...
UAE announces new federal government procurement law

UAE announces new federal government procurement law

by Danissa Guotana | Jan 11, 2024 | Uncategorized

Abu Dhabi: The Ministry of Finance announced the issuance of Federal Decree-Law No. 11 of 2023 on Federal Government Procurement, which sets the general framework for the procurement of products and services in the UAE’s government. The law, based on advanced and...
UAE Cabinet approves 2024 development plan with sustainability as a pillar

UAE Cabinet approves 2024 development plan with sustainability as a pillar

by Danissa Guotana | Jan 8, 2024 | Business

The Cabinet approved the UAE’s 2024 plan, during its first meeting of the year on Friday. The plan, as set out by President Sheikh Mohamed on Union Day, will focus on implementing national priorities. A key pillar of the plan is continuing national efforts to...
Zayed Sustainability Prize opens for submissions with boosted $5.9m fund

Zayed Sustainability Prize opens for submissions with boosted $5.9m fund

by Danissa Guotana | Dec 21, 2023 | Business

The Zayed Sustainability Prize – which recognises and rewards people, organisations and high schools that have demonstrated exceptional efforts in promoting sustainability – is officially welcoming new submissions. The 2025 cycle will be accepting entries until June...
UAE: Earn 3% bonus ICV points for adopting sustainable practices

UAE: Earn 3% bonus ICV points for adopting sustainable practices

by Danissa Guotana | Oct 19, 2023 | Business

A new initiative has been launched to drive sustainability and decarbonisation across industries in the UAE. Companies can now obtain bonus in-country value (ICV) points if they commit to implementing sustainability-related standards and policies. The Ministry of...

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