Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.A.E to Issue New Bankruptcy Legislation Soon, WAM Reports

Jan. 28 (Bloomberg) -- The United Arab Emirates is planning to complete a bankruptcy law soon and has referred it to the finance ministry for implementation, the state-owned Emirates News Agency reported, citing Younis Al Khoori, Director General at the Ministry of Finance.

The law was drafted by the finance ministry, economy ministry and the central bank, and would be applied in all seven emirates, the agency said.

The legislation must be reviewed by various committees before being approved by the national federal council and ultimately the cabinet, according to the agency.

Link to BFW story: {SUID: MGWSSH6TTDS0}

To contact the reporter on this story: Deema Almashabi in Riyadh at

To contact the editor responsible for this story: Shaji Mathew at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.