by Danissa Guotana | Mar 22, 2023 | Business
Dubai: If you’ve been following the news, you would have not only heard of the collapse of four banks in the span of just 11 days, but also been warned of more such collapses to come. But is there cause for actual concern? Silvergate Capital was the first US bank to...
by Danissa Guotana | Mar 21, 2023 | Business
The UAE will open the world’s first freezone dedicated to digital and virtual assets companies. Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, has issued laws to establish the freezone. Established under Law No. 2 of 2023, the...
by Danissa Guotana | Mar 17, 2023 | Business, Corporate Tax, Other Tax, VAT
The Federal Tax Authority (FTA) has launched the “Muwafaq Package” initiative, which aims to facilitate doing business and tax compliance in the small and medium-sized enterprises (SMEs) sector by offering them a set of customised services, incentives, and...
by Danissa Guotana | Mar 16, 2023 | Business
The MoU will enable joint experimentation with regard to CBDCs and facilitate other digital innovation initiatives between the central banks. The central banks of the UAE and India have signed a memorandum of understanding (MoU) in Abu Dhabi on March 15. The Central...
by Danissa Guotana | Mar 14, 2023 | Business
ABU DHABI, 13th March, 2023 (WAM) — ADNOC Gas on Monday listed and commenced the trading of its shares on the Abu Dhabi Securities Exchange (ADX) following the successful completion of the largest-ever initial public offering (IPO) on the ADX and the largest IPO...
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