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Dubai: The amendment to the UAE’s Commercial Transaction Law has introduced several penalties to narrow the scope of writing bad cheques by individuals and corporates. In the UAE, a country which aspires to be a global trade hub with a fast-growing economy, cheque is one of the common forms of payment whether people paying rent, buying a car or any form of purchases and transactions, as it is used as a form of security. In a step to boost the power of cheques, the UAE Cabinet has amended certain provisions of Federal Law No 18 of 1993, the Commercial Transactions Law, including those related to bounced cheques. ....
Rumours can at times travel faster than the wind, and with the use of social media platforms, the cannon can go off even quicker. In the UAE, such triggers are spotted and quashed in the beginning itself. We take a look at rumour-mongers, the psychology behind it and impact of rumours, the rules in the UAE and how they are quashed. A rumour case study in UAE In 2017, a video that circulated through WhatsApp in the UAE was a rumour about plastic rice allegedly sold in Dubai market. The rumour claimed that a particular country was responsible for manufacturing the plastic rice. The rumor went on to claim that the rice was exported to other countries and consumed by people who were unaware of what they were actually eating. The false report also claimed that the “rice” was made by mixing potatoes, sweet potatoes and plastic. The potatoes, according to the rumour, were formed into the shape of rice grains and industrial synthetic resins were added to the mix. The rice ....