by PREMA Team | Sep 10, 2024 | Business
The UAE’s economy demonstrated robust growth in the first quarter of 2024, according to preliminary estimates released by the Federal Competitiveness and Statistics Centre (FCSC). The country’s real GDP reached AED430 billion, marking a 3.4 percent increase compared...
by PREMA Team | Sep 9, 2024 | Business
The UAE and India are looking to further develop friendly relations and enhance economic ties as the two countries seek to develop $100bn trade partnership as part of a CEPA deal. The official visit of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu...
by PREMA Team | Sep 6, 2024 | Business, Corporate Tax
Bahrain said it will introduce a domestic minimum top-up tax for multinational enterprises, effective January 1, 2025, according to the state-run Bahrain News Agency, ensuring a minimum 15 per cent tax rate on profits for companies with global revenues exceeding...
by PREMA Team | Sep 4, 2024 | AML
Former private banker Peter Georgiou has been fined $980,020 (about Dh3.6 million) for misleading conduct and his involvement in the violations of his former employer, Mirabaud (Middle East) Limited (MMEL), said the Dubai Financial Services Authority (DFSA). Georgiou,...
by PREMA Team | Sep 3, 2024 | AML
The United Arab Emirates (UAE) has taken a decisive step in strengthening its financial defenses with the introduction of a new Federal Decree-Law aimed at enhancing the country’s approach to anti-money laundering (AML) and combating the financing of...
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