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    UAE issues new reporting requirements for realty deals

    UAE issues new reporting requirements for realty deals

    08 Aug 2022

    The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), have announced the introduction of new reporting requirements aimed at...

    UAE’s entities sign agreement to promote trade and investment

    UAE’s entities sign agreement to promote trade and investment

    08 Aug 2022

    The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE’s federal export credit company, have signed a Memorandum of Understanding (MoU) to promote increased...

    UAE hospitality sector on growth track

    UAE hospitality sector on growth track

    08 Aug 2022

    Sajjad Ahmad, Deputy Business Editor The UAE hospitality sector on track for a significant growth as the country has witnessed strong growth in tourist arrivals. A recent data showed that...

    DIFC launches First Global Family Business, Private Wealth Centre

    DIFC launches First Global Family Business, Private Wealth Centre

    08 Aug 2022

    The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide. DIFC is the first financial...

    UAE’s corporate tax regime to be the most competitive in the world

    UAE’s corporate tax regime to be the most competitive in the world

    07 Aug 2022

    Inayat-ur-Rahman, Business Editor The UAE is introducing a competitive corporate tax regime (CT regime) effective for year end starting on or after  June 1, 2023. The CT regime is...

    National banks' gross assets in UAE stand at Dhs3 trillion in first five months of 2022: CBUAE

    National banks' gross assets in UAE stand at Dhs3 trillion in first five months of 2022: CBUAE

    07 Aug 2022

    Total assets of the 22 national banks rose to Dhs3.023 trillion in the first five months of 2022, up 4 per cent (Dhs117.3 billion), according to latest statistics released...

    Khalifa Fund offers $30 million to support Kenya’s SMEs sector

    Khalifa Fund offers $30 million to support Kenya’s SMEs sector

    06 Aug 2022

    In implementation of directives of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, the Khalifa Fund For Enterprise Development (KFED) and National Treasury & Planning Ministry in the Republic...

    Foreign Direct Investments in UAE record huge growth in recent years

    Foreign Direct Investments in UAE record huge growth in recent years

    05 Aug 2022

    Foreign Direct Investments (FDIs) in the UAE witnessed significant growth in recent years, despite the challenges posed by the COVID-19 pandemic. According to a report by the Ministry of Economy,...

    Masdar to develop renewable energy projects in Tanzania

    Masdar to develop renewable energy projects in Tanzania

    05 Aug 2022

    Masdar announced that it has signed an agreement with Tanzania Electric Supply Company Ltd. (TANESCO) related to the development of renewable energy projects with a total capacity of up to...

    MoIAT, EDGE sign MoU to establish Industry 4.0 Enablement Centre

    MoIAT, EDGE sign MoU to establish Industry 4.0 Enablement Centre

    05 Aug 2022

    The Ministry of Industry and Advanced Technology (MoIAT) and EDGE have signed a memorandum of understanding (MoU) to establish the UAE’s first Industry 4.0 Enablement Centre aimed at promoting, enabling,...

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