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UAE industry strengthens with Operation 300bn and In-Country Value programme

UAE industry strengthens with Operation 300bn and In-Country Value programme

by Danissa Guotana | Feb 14, 2023 | Business, Other Tax

Operation 300bn, the National In-Country Value (ICV) scheme and the first Make It In The Emirates campaign were among some of the major achievements of the UAE’s Ministry of Industry and Advanced Technology (MoIAT) last year, according to a new...
Dubai enacts new rules for ultra-wealthy and family businesses operations

Dubai enacts new rules for ultra-wealthy and family businesses operations

by Danissa Guotana | Feb 10, 2023 | Business

Dubai International Financial Centre has finalised regulations to enable more family-owned businesses to start operating from its Global Family Business and Private Wealth Centre which opens next month. DIFC, one of top financial centres in the Middle East,...
Dubai’s VARA issues specialised regulations for virtual assets

Dubai’s VARA issues specialised regulations for virtual assets

by Danissa Guotana | Feb 8, 2023 | Business

Dubai’s Virtual Asset Regulatory Authority (VARA) issued its Virtual Assets and Related Activities Regulations 2023 on Tuesday. The regulations set out a comprehensive virtual asset (VA) framework built on principles of economic sustainability and cross-border...
UAE foreign trade hits record Dh2.2 trillion, grows by 17% in 2022

UAE foreign trade hits record Dh2.2 trillion, grows by 17% in 2022

by Danissa Guotana | Feb 8, 2023 | Business

The UAE’s non-oil foreign trade grew by 17 per cent in 2022 to hit a new record of Dh2.23 trillion. The country has crossed the Dh2-trillion milestone for the first time in history. This came as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and...
UAE’s digital economy expected to hit $140bn by 2031

UAE’s digital economy expected to hit $140bn by 2031

by Danissa Guotana | Feb 8, 2023 | Business

Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has issued a recent report detailing plans to drive the emirate’s digital economy ambitions, as part of its efforts to strengthen the digital economy ecosystem in Dubai and...

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