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Adoption of bankruptcy law to boost competitiveness of national economy: ADX CEO

posted on 05/09/2016: 1957 views


The Cabinet's adoption of the bankruptcy law was timely and would make the national economy more competitive and investment environment more attractive, Rashid Al Balushi, CEO of Abu Dhabi Securities Exchange, has said.

He added that the move follows the directives of the wise leadership to build an advanced national economy capable of sustainable growth.

In a statement, Al Balushi stressed that the adoption of the law by the Council of Ministers will enhance the economic and investment legislative system in the UAE, thus contributing to better ranking of the state in the global indicators in terms of ease of doing business, competitiveness and entrepreneurship. http://www.wam.ae/en/news/economics/1395299526566.html

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