UAE. The jurisdiction of the DIFC Courts was recently extended to allow parties having no specific connection with the Dubai International Financial Centre to choose to have their commercial disputes resolved by the DIFC Courts.
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset
position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.