Amendments to UAE banking law pose challenges for both investors and banks

Banks lending to individuals and sole proprietors need to take “sufficient” security for loans In January 2023, the UAE implemented new federal consumer protection laws, with the aim of enhancing responsible lending practices and reduce “name-only” lending in the banking sector. However, one element of these laws – referred to as Article 121 bis –…

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From Russia to Japan to UAE: An honour to participate at Sharjah Light Festival, artists say

The 13th edition unfolds enchanting narratives on 12 iconic landmarks until Sunday It’s a prestigious moment for Amin Sammakieh, a Labanese-British artist and founder of Plan A Creative, who participated in the prestigious Sharjah Light Festival. For years, he eagerly anticipated this opportunity to showcase his creativity on a grand scale. Sammakieh has left his mark on…

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UAE: Abu Dhabi resident’s severe headache reveals rare fatal condition; life saved with 8-hour complex surgery

The 23-year-old was suffering from intracerebral bleeding – an unusual autoimmune condition, making the medical case a rare phenomenon A severe headache in a 23-year-old Abu Dhabi resident turned out to be massive intracerebral bleeding – a life-threatening complication of Evans Syndrome – an unusual autoimmune condition, making the medical case a rare phenomenon. Instead…

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