The new Foreign Direct Investment Law was approved and the respective Decree Law No. 19 of 2018 was issued. The new law for Foreign Direct Investment (hereinafter also referred to as “FDI”) allows 100 percent foreign ownership by global investors in the UAE. The issued new FDI law is expected to change the United Arab Emirates business setup scene by attracting FDI growth.
A is for… As-Salamu Alaikum (Peace Be Upon You)
Speaking the local language (or at least learning some key words) is usually considered best business practice, and the UAE is no different. As-Salamu Alaikum is the most common (and polite) greeting in Arabic and the Muslim world, meaning “peace be upon you”, to which one will receive the response Alaikum As-Salaam. An also accepted short form for this is simply Salam (“peace”).