The UAE government confirmed that seven American companies under sanctions by the US do not possess the required business operating licenses in the country. In a latest statement, it was explicitly made clear that none of these firms are carrying on any local businesses, even though they are placed under US sanctions. The development is part of the UAE government’s continuous moves to ensure all business operations within the country align with both national and international law.
Authorities further stated that they still keep track of any suspicious activity associated with these companies. In accordance with the UAE’s commitment to protecting its legal and regulatory systems, the concerned authorities are keeping close tabs on operations that could be considered illegal or against UAE laws. The investigation of these companies is still a priority to avert any possible abuse of the business environment in the country.
This statement emphasizes the UAE’s position regarding international sanctions and its commitment to maintaining transparency and compliance with the law in its markets. It also indicates the nation’s preparedness to impose strict measures on any unauthorized activities.
The UAE continues to have an open and properly regulated market for genuine businesses while guaranteeing strong compliance with international sanctions.
