by PREMA Team | Jul 1, 2025 | Business
The UAE’s Securities and Commodities Authority (SCA) on Tuesday allowed licensed portfolio management firms to offer robo-advisory services, marking a strategic step toward establishing a secure digital investment environment in the country. The regulator said it...
by PREMA Team | Jun 30, 2025 | Business
Dubai Municipality on Sunday announced that two engineering consultancy offices have been suspended and barred from licensing any new projects for six months. The suspensions came because the two companies breached regulations, licensing conditions and ethical...
by PREMA Team | Jun 26, 2025 | AML
The Central Bank of the UAE has suspended the onboarding of new customers on the Islamic Window of a bank operating in the UAE, for six months and imposed a financial sanction of AED3,502,214 ($953,000). The move adheres to Article 137 of the Decretal...
by PREMA Team | Jun 25, 2025 | Corporate Tax, Other Tax
The UAE Ministry of Finance has released Mutual Agreement Procedure (MAP) guidance to help taxpayers avoid double taxation through its global tax treaty network. The UAE Ministry of Finance has issued official Mutual Agreement Procedure (MAP) guidance to...
by PREMA Team | Jun 24, 2025 | Business
The new Personal Income Tax Law contributes to the objectives of Oman Vision 2040 by diversifying income sources and reducing reliance on oil revenues. The targets set are 15 per cent of GDP by 2030 and 18 per cent by 2040. The law, issued by Royal Decree No 56/2025...
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