Arab and foreign investment in Middle East

Currently, the UAE is in the process of upgrading several key legislation, particularly as it relates to the development of the investment climate and economic infrastructure of the country. This is being done in an effort to regulate the relationship among all parties concerned with the investment process and economic development of the country as well as to better address issues with investments. For example, the amended foreign investment law takes out a huge portion of the administrative and regulatory obstacles in order to attract more Arab and foreign direct investment. Additionally, commercial companies are governed by a new federal law which makes it mandatory for the development of a general framework to ensure transparency, protect the rights of shareholders and improve the integrity and efficiency of the director board of the company and to disclose financial data.