Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued a decree establishing the Family Business Centre in Dubai with the objective of driving the sustainability and growth of family businesses in the emirate.
According to the decree, the centre will be established as part of the Dubai Chambers' organisational structure and will carry out the tasks assigned to it under this decree.The Federal Decree Law on Family Business, which aims to create a thorough and simple legal framework to manage the ownership and governance of family businesses in the UAE, is congruent with the decree establishing the Family Business Centre in the emirate.
The Decree outlines the centre's duties and responsibilities, which include offering family businesses technical and administrative support, ensuring their sustainability and orderly generational succession, developing a comprehensive strategy to support and develop family businesses in the emirate, and providing creative solutions to deal with these businesses and increase prospects for their growth.
Under the decree, the government agencies in the emirate and others are urged to fully collaborate with the centre and provide all necessary support enabling it to carry out the tasks and powers entrusted to it under this decree and the decisions issued pursuant thereto and the legislation in force in the emirate.
The decree is effective upon issuance and will be published at the Official Gazette.
ALSO READ:
Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
Authorities said the Adani Group chairman and seven other defendants agreed to pay the bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years
business2 days ago
Company strengthening regional presence and service offering
business2 days ago
Sinochem may keep three refineries in China's Shandong province
business2 days ago
Memorandum of understanding aims to enhance cooperation in the construction sector
business3 days ago
Serenia Living’s architecture and interiors have been led by Palma’s expert team
business3 days ago
Company’s backward integration model reaps dividends
business3 days ago
Participating companies announce several cooperation achievements
business3 days ago