The new rules, announced by UAE Government on 8 January 2007, raised the bank guarantee on registering the broker for the main branch from AED300,000 to AED1 million and AED150,000 to AED500,000 for each branch.
On 2 February 2022 a new UAE labour law came into effect. It is the UAE Federal Decree-Law No 33 of 2021 on the Regulation of Labour Relations. The new UAE Labour Law is the most comprehensive and significant change to the country’s labour laws since 1980.
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