H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, issued the Decree-Law No. 8 of 2020 on amending certain provisions of Federal Law No. (6) of 2010 concerning credit information. This Decree-Law seeks to raise credit confidence, achieve financial and credit stability and enhance the business environment in the country. The amendment adopts the best global standards in place that contribute to improving comprehensive credit reporting and enabling more accurate calculations of Credit Scores and indicators, allowing lenders and service providers to better assess risks and make better decisions in lending and service provision.