UAE
Parliament approves draft federal law on consumer protection

(WAM) — The Federal National Council, FNC, approved a draft federal law on consumer protection during a virtual session today chaired by Saqr Ghobash, Speaker for the FNC.
Through the draft law, which includes new provisions that explicitly address consumer rights, the FNC aims, inter alia, to ensure more consumer protection and data security, and more respect for religious values and traditions.
It also seeks to ensure a safe environment for purchasing commodities and services and obtaining correct information, stressing that consumer-related advertisements and contracts should be in the Arabic language, but other languages may also be used.
The draft law’s provisions apply to the entire country, including free zones, as well as the related operations of providers, advertisers and commercial agents in a way that does not contravene international conventions and agreements the country is signatory to.
The parliament added an article to the new draft law covering coordination with relevant authorities, to ensure full consumer rights to specific services and commodities that are subject to special legal systems, such as insurance, banking and medical services.
-
Banking & Finance1 month ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain1 month ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance2 months ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance3 weeks ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
Insurance2 months ago
Liva Insurance Sets New Benchmark with ‘Innovative Insurer of the Year’ Award at the New Age Banking Summit 2025
-
Energy1 month ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
Banking & Finance1 month ago
The Future of the International Financial System to be discussed at SPIEF 2025
-
OER Magazines1 month ago
OER, June 25