The United Arab Emirates and Regulating Foreign Investment Incentive Competition

Attracting foreign investment has become increasingly competitive among governments worldwide in order to enhance their economies. In addition, governments are engaged in intense competition to sustain their existing business while at the same time trying to attract new ones by granting subsidies. These subsidies to business have become an issue of significant concern on a regional and international level. The main aim of my paper seeks to explore how the United Arab Emirates within its federal system could co-operate, to prevent subsidy races and adopt a union-wide regulation on subsidies. The paper suggests that the United Arab Emirates could regulate subsides by adopting the most substantial control method, which is embodied in the European Union Guidelines on Regional Aid