Abu Dhabi’s newly formed commercial court has helped resolve a major dispute in record time.
The judgement was delivered within just 12 days, whereas previously it would have taken three months on average for something similar.
The case, valued at AED 52 million was related to a sale contract between an international holding company and a bank.
Around 1,500 judicial decisions have been issued by the new court which was set up less than two months ago to deal with commercial cases.
UAE President meets German business leaders during state visit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with German business leaders and company executives during his state visit to Germany.
UAE President attends Germany-UAE Business Forum
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has attended the Germany-UAE Business Forum in Munich, as part of his state visit to Germany.
Al Maktoum International Airport to open second runway in 2027
Al Maktoum International Airport (DWC) will open a second runway in 2027, marking a "new milestone", confirmed Dubai Airports CEO, Paul Griffiths, adding that it will eventually have five runways once fully completed with capacity for up to 260 million passengers a year.
UAE to strengthen position in BRICS at upcoming summit
The UAE aims to expand its economic and trade partnerships at the upcoming 18th BRICS summit as a full member since 2024.
10:00am - 1:00pm
1:00pm - 4:00pm
