Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, opened the new session of the Federal National Council (FNC) on Wednesday.
He ushered in the start of the third session of the 17th legislative chapter of the consultative body in Abu Dhabi.
The 40-member council, chaired by Saqr Ghobash, has a packed agenda after four months of recess.
Comprising 20 elected and 20 appointed members, the council advises the government on matters of national importance.
It can pass, amend and reject federal laws and discuss international treaties, while it is also a forum for members to raise concerns of ordinary Emiratis.
It was established in 1971 but voting was only introduced in 2006. Members hold office for four years.
The 2019 elections proved hugely significant, as for the first time an equal number of male and female representatives were voted onto the council.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
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