by PREMA Team | Oct 4, 2024 | Business
Dubai: The DIFC-licensed OCS International Finance Ltd. has been hit with a Dh2.64 million fine, while its CEO, Christian Thurner has to shell out a further Dh682,631. This is after a 30% settlement discount. This comes after an investigation by the...
by PREMA Team | Sep 25, 2024 | Business
Insurance brokers in the UAE cannot combine their role with any other insurance related profession nor become partners or agents of any other broker, according to new regulations issued by the Central Bank of the UAE. Under the new rule, insurance companies may not...
by PREMA Team | Sep 23, 2024 | Corporate Tax, VAT
Dubai: Compliance with UAE’s excise and value-added tax (VAT) laws has more than doubled in the first six months of the year, but violations have also surged, according to the Federal Tax Authority (FTA) During this period, the regulator found 30,710 establishments to...
by PREMA Team | Sep 19, 2024 | Business
The UAE’s economy remained robust, growing beyond hydrocarbons into a diverse, dynamic powerhouse, said Abdulaziz Al Nuaimi, Assistant Undersecretary of Economic Affairs at Ministry of Economy. He was delivering the keynote address at the UAE Growth and Investment...
by PREMA Team | Sep 18, 2024 | Business
UAE and Australia conclude Comprehensive Economic Partnership Agreement negotiations The UAE and Australia have finalised negotiations on a landmark Comprehensive Economic Partnership Agreement (CEPA) between the two countries that will, once ratified and...
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