The case for consolidation within the UAE

May 29, 2018

Scale. Efficiencies. Strategic fit…some of the reasons often given for a merger, JV or other form of strategic partnership between companies.  The spate of high-profile mergers in the UAE in recent months, particularly amongst government and partially government-owned businesses, suggests that there is another factor in play. Mergers and JVs are of course not new […]

2017 in review – ClarifiedBy Diligencia (Part 1)

December 27, 2017

For a region used to turbulence and conflict, 2017 has been an eventful year for the Middle East by any measure.  The motor behind many of the year’s most eye-catching moments was Saudi Arabia which, under the growing power of crown prince Mohammed bin Salman (pictured), has not only embarked on a radical programme of […]

Sporting passions in MENA – Motorsport

November 16, 2017

In the first of a series of blog posts, Diligencia explores the links between the world of international sport and the MENA region. In 1977 Frank Williams, then owner of a fledgling Formula 1 racing team, took the unusual step at that time of travelling to Saudi Arabia in search of sponsorship.  He returned home […]

COMPANIES IN THE NEWS: Mohammed Al Abbar, Noon.com and Adeptio

March 24, 2017

Amazon’s announcement this week that it has agreed to acquire Souq.com for an estimated USD650m sets the scene for a battle between the global online retail giant and a soon-to-launch regional competitor in the shape of Noon.com. The prize at stake is large, with the Middle East region’s online shopping market set to grow by […]

COMPANIES IN THE NEWS: UAE Exchange Center

January 24, 2017

One of the most prolific outbound UAE investors, UAE Exchange Center is now part of the same network as Travelex, following the latter’s acquisition by well-known UAE entrepreneur BR Shetty at the end of 2016. Click here to download our free ClarifiedBy company snapshot of UAE Exchange Center. UAE Exchange Center (operating under its brand […]

The new UAE bankruptcy law – surprise announcement?

October 25, 2016

It was announced today that new UAE legislation on bankruptcy had been decreed into law, a first draft of which was only approved by the country’s federal cabinet last month. In a move which may take many of the legal and professional services community by surprise in the speed of its execution, the law will […]

The 2015 UAE Commercial Companies Law – Clarified by Diligencia

June 1, 2016

UPDATE: since this article was written, the UAE government has announced a 12-month extension to the deadline to comply with the provisions of the 2015 Commercial Companies Law. UAE-based companies now have until 30 June 2017 to meet the requirements laid down in the legislation. It is only a month to go until companies need […]