UAE’s legal reforms to boost its status as expat, investment destination

UAE’s legal reforms to boost its status as expat, investment destination

He noted that the financial fallout of COVID-19, coupled with lower oil prices, has "created havoc“ to the economy in the UAE, which is largely driven by trade, travel and tourism.  Enhance social life With the latest overhaul, Raghu said, the UAE would be able to stimulate the local economy and revive tourism arrivals after a COVID-19-induced slump. "The recent overhaul of personal laws in UAE is a step in the right direction that aims to enhance the social life in the emirate. The changes are progressive in nature and are reflective of the evolving society in UAE, wherein there are eight expats for every Emirati,“ Raghu told Zawya. "Once the economy recovers and the business environment improves, the changing legal environment could accelerate people's arrival,“ he added. He said the changes will not