The Ministry of Finance in the United Arab Emirates issued Ministerial Resolution No. (73) of 2023 regarding small business facilities for the purposes of Federal Decree-Law No. (47) of 2022 regarding corporate and business tax (corporate tax law). The Ministerial Resolution regarding “Small Business Facilities” defines the mechanism for applying …
Read More »An independent company to operate the “know your customer” system in the Emirates, the Central Bank is considering its establishment and notifying the Insurance Association
The Emirates Insurance Association said that the Central Bank is considering establishing an independent company to develop and operate a “know your customer” information sharing system for licensed financial institutions, to be owned by: “Al Etihad Credit Information”, the Emirates Banks Federation, the Emirates Insurance Association, and the Banking and …
Read More »Minister of Economy: The prices of eggs and poultry will be reviewed within 6 months
Abdullah bin Touq Al-Marri, Minister of Economy, confirmed that raising the prices of poultry and eggs by 13% before Ramadan is temporary, and this increase will be reviewed during the next six months. In a written response to the Federal National Council on a parliamentary question about raising prices by …
Read More »The State Public Prosecution clarifies the penalty for collecting money without a license in accordance with the decree of the Rumors and Cybercrime Law
Abu Dhabi, April 5 / The State Public Prosecution, through a tweet it published today on its social media accounts, clarified the penalty for collecting money without a license, as stipulated in the decree of the Rumors and Cybercrime Law. The Public Prosecution indicated that, according to Article 41 of …
Read More »Fairmont moves its headquarters from Paris to Dubai
The Fairmont Group, one of the world’s largest hotel operators, has moved its global headquarters to Dubai as the country’s hospitality industry is heading for further development. In addition to “Fairmont”, the group also owns and operates the “Raffles” and “Swissotel” brands. The current headquarters are located in the French …
Read More »7 privileges for small and medium-sized companies before the corporate tax, after exempting income below 375 thousand dirhams
Last March, the Federal Tax Authority launched a new initiative under the name “Mowafaq” package to support small and medium-sized companies to register in the corporate tax system, which will come into force as of the fiscal year beginning on or after the date of June 1. Image The package …
Read More »Key tips to protect against bank fraud
Digital banking services are the preferred choice for most customers these days, as they enable you to conduct banking operations at any time and from anywhere with a few simple touches, but remember that one wrong touch on the Internet or your smartphone may expose you to a problem or …
Read More »Suhail Al Mazrouei: The UAE will voluntarily reduce its oil production by 144,000 barrels per day, from May until the end of 2023.
Abu Dhabi, April 2 / His Excellency Suhail bin Muhammad Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure, said that the United Arab Emirates will voluntarily reduce its oil production by 144 thousand barrels per day, starting from next May until the end of the current year 2023, in …
Read More »3441 housing units within 7 new construction projects in Abu Dhabi, which included 3 areas in Yas Island, Al Reem and Al Shamkha
The “Dari” digital system platform for real estate services affiliated with the Department of Municipalities and Transport in Abu Dhabi revealed the provision of 3,441 housing units within 7 new construction projects that were registered in 3 areas on Yas Island, Al Reem Island and Al Shamkha area. The number …
Read More »Mohammed bin Rashid in a poetic masterpiece: We are all the soldiers of the homeland for him to keep.. Bukhaled succeeded us to glory he led
نشر صاحب السمو الشيخ محمد بن راشد آل مكتوم نائب رئيس الدولة رئيس مجلس الوزراء حاكم دبي، رعاه الله، قصيدة جديدة بعنوان «التهاني» عبر حساب سموه في إنستغرام. وقال سموه في القصيدة:التَّهاني التَّهاني للشيوخْ الطَّيِّبينْ لي عليهمْ بعدْ ربِّي الإعتمادْللمعالي وارثينْ وكاسبينْ قادةْ العليا وأملْ هذي البلادْجيلْ يخلفْ جيلْ حينِ …
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