This Guide is based on the old Commercial Companies Law, but its provisions explain current business practices
Unquestionably, the consideration given by the United Arab Emirates to the securities markets stems from the conviction of our prudent leadership that the role of these markets is essential for the achievement of sustainable development. This standpoint is based on the function performed by the securities markets as a channel that mobilizes local savings and re-directs them towards productive areas. Furthermore, these markets play a key role in providing long-term finance for economic projects thanks to their effective potential to rationalize the use of resources and support economic development programs.
Experience has shown that the more active and resilient a financial market is, the more opportunities to achieve economic growth and prosperity. They are of paramount importance in motivating the private sector (both local and foreign) to invest due to their liquidity benefits, spreading of risk, and regular daily perception of the proceeds realized, all of which have re...