UAE approves draft law on family businesses

iStock

Family-owned companies will soon be able to get listed on the UAE's financial markets.

The federal cabinet has approved a draft law allowing these businesses to turn into public joint-stock companies.

It has also amended certain provisions in the country’s Agency Law, which regulates commercial and distribution agreements.

According to national news agency WAM, the initiative is aimed at boosting investment opportunities and encouraging UAE citizens to engage in business activities.

More from Business

Coming Up on Dubai Eye

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie being you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

On Dubai Eye

Business Breakfast