Jan 26, 2011

FNC passes draft law to transform shipping industry



bu Dhabi: The Federal National Council (FNC) Tuesday passed a draft maritime law designed to transform the UAE's shipping industry into one of the country's major economic sectors.
The draft law, which requires the President His Highness Shaikh Khalifa Bin Zayed Al Nahyan's signature to come into force, will allow foreign ships to register in the country.
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Source: Gulf News

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