Dubai Free Zones Council Announces a New Business Stimulus Package

Dubai Free Zones Council announced late yesterday a business stimulus package that complimented the previous packages announced by the UAE Government and the Emirate of Dubai. The package included deferral of rent payments for up to six months, reimbursement of guarantees and security deposits, facilitating financial payments through easy installments on a monthly basis, cancellation…

Coronavirus Outbreak – Impact on Regional (Re)insurance & Coverage Issues

World Health Organisation (WHO) have officially declared COVID-19 as a pandemic. BSA have already received several instructions regarding coverage advice related to matters arising from the coronavirus. While all efforts are being made by the WHO and Governments around the world to contain the coronavirus and look to develop a vaccine, world business and trade…

UAE Insurance Authority Issues Circular on Coronavirus (COVID-19)

Circular No. (3) of 2020 on Precautionary and Preventive Measures to Maintain Public Safety, Health and Prevent Spread of Coronavirus (COVID-19) (“COVID-19 Circular”), addressed to all insurance companies and insurance-related professions operating in the UAE, provides guidance from the Insurance Authority on precautionary and preventive measures to maintain public health in the workplace and ensure…