by PREMA Team | Oct 8, 2024 | Business
The UAE is prohibiting companies from offering or applying very low prices for production, transfer and marketing with a monopolistic approach to drive other companies out of competition. The new law defines competition as the act of conducting economic activities...
by PREMA Team | Oct 7, 2024 | Business, VAT
Changes to the UAE’s Value Added Tax (VAT) system are set to take effect on November 15, 2024, says the Federal Tax Authority (FTA). These updates will impact several sectors, with investment fund management and virtual assets receiving key exemptions. The amendments,...
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 Danissa Guotana | Sep 27, 2024 | Business
The Virtual Assets Regulatory Authority (Vara) on Thursday announced an update to its marketing regulations, aimed at strengthening the regulatory framework for virtual asset service providers (VASPs) operating in the emirate. Alongside these updates, Vara has...
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 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...
Recent Comments