The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported on Monday, in the country’s latest bid to boost its global status and attract foreign investors. Al Jazeera reports that the overhaul signals yet another startling change for the federation of seven desert sheikhdoms as it grapples with the economic fallout of the coronavirus pandemic as earlier this month, the country announced a series of reforms to its legal code, allowing unmarried couples to cohabitate, improving protections for women, and loosening restrictions on alcohol consumption.