by Danissa Guotana | Mar 28, 2023 | Business
The Central Bank of the UAE (CBUAE) will be implementing its Central Bank Digital Currency (CBDC) strategy titled ‘The Digital Dirham’. In a joint signing ceremony with G42 Cloud and R3, CBUAE has enlisted the two entities as the infrastructure and technology...
by Danissa Guotana | Mar 24, 2023 | Business, Corporate Tax
The UAE’s business policies have always centred around promoting economic growth, diversification and entrepreneurship. This blueprint has enabled the country to move away from its traditional reliance on oil and gas revenues and successfully diversify into areas such...
by Danissa Guotana | Mar 23, 2023 | Business
Dubai Chamber of Commerce has exceeded its target of setting up more than 100 business groups by March this year. The chamber has recently launched 29 new business groups, bringing the current total to 105. Mohammad Ali Rashed Lootah, President & CEO of Dubai...
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...
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