UAE: Businesses gear up for Corporate Tax Compliance

UAE: Businesses gear up for Corporate Tax Compliance

The UAE’s corporate sector has geared up their efforts to comply nine per cent corporate tax that will be effective in June 2023, however majority of the businesses are not yet ready to keep their accounting and auditing process up to date, experts say. The proposed...
UAE: $1.29bn assets seized in fight against money laundering

UAE: $1.29bn assets seized in fight against money laundering

The UAE has seized and confiscated assets worth more than Dh4.73 billion ($1.29bn) in the 12 months to the end of July as the Arab world’s second-largest economy steps up its fight against money laundering and the financing of terrorism. Assets worth Dh2.54bn were...
Dubai Metaverse Assembly: Major announcements

Dubai Metaverse Assembly: Major announcements

Over the course of the two-day event, more than 15 initiatives and strategies were launched. Leading companies and government entities used the platform to make major announcements of their expansion into the metaverse. Gabriel Abed, Ambassador of Barbados to the UAE,...
UAE to become gateway to 90 per cent of world trade

UAE to become gateway to 90 per cent of world trade

Dubai: The UAE wants to be a gateway to 90 per cent of the world’s trade, and the Comprehensive Economic Partnership Agreements are one of the key ways of doing it, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said on Wednesday. Addressing...