by admin | Dec 23, 2022 | AML, Business
The UAE has fined six companies Dh3.2 million ($871,000) for breaching provisions of the Anti-Money Laundering and Counter Terrorism Financing law as the Arab world’s second-largest economy continues to rein in illegal financial activity. The companies were...
by admin | Dec 23, 2022 | Business
The UAE economy is projected to grow by 7.6 per cent this year, the highest in 11 years, driven by both oil and non-oil sectors, according to the latest estimates by the UAE Central Bank. The latest growth forecast is higher than the 5.4 per cent estimate...
by admin | Dec 20, 2022 | Business
The UAE has been selected to host global trade development talks in February 2024. President Sheikh Mohamed made the announcement on Monday that representatives from 164 countries in the World Trade Organisation will convene in the nation’s...
by admin | Dec 20, 2022 | Corporate Tax, Other Tax
UAE businesses will get a “generous” window of time to file their tax returns, the Ministry of Finance has said. “Businesses in the UAE will have up to nine months from the end of the relevant tax period to submit their tax return and pay the federal...
by admin | Dec 13, 2022 | Business
Dubai’s GDP grew 4.6 per cent year-on-year in the first nine months of 2022 to reach Dh307.5 billion, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said on Monday. “This exceptional performance is the...
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