UAE companies law eases flotations, seeks more investment

April 1, 2015 5:19 PM

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DUBAI, April 1 (Reuters) - The United Arab Emirates has issued a long-awaited companies law that loosens rules covering stock market flotations and aims to attract more investment by moving corporate regulation closer to international standards.

Officials had discussed the law for at least six years and it went through multiple drafts as the Arab world's second-biggest economy balanced its desire to attract more foreign capital with protecting local business interests.

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