Dubai's cyber laws, formally known as the E-commerce Facilitation Laws, are due to be passed within a few weeks says an official from the Dubai Internet City (DIC). 'When passed, the laws will cover a lot of areas. We believe these should be coming out before the year-end,' said Ahmed bin Byat, chief executive of DIC.
He also confirmed that the DIC intends to obtain corporation status within a year. 'It is just a matter of announcing a firm date,' he said. 'Already we are maintaining our books, revenues and investments as a private sector company would. Our move towards corporatisation will enhance shareholder value, help us provide more focused delivery of services.'
With regard to the effect of the current global economic slowdown, he said: 'There will be some casualties over time. Our objective is to provide support and minimise their troubles in whatever way we can, especially those companies which are set up here. The Middle East still offers so many opportunities for the IT sector; the region is fairly rich, privatisation and deregulation is going on, particularly in power, telecommunications and financial services sectors.'
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment