by PREMA Team | Apr 24, 2025 | AML, Business
The Central Bank of the UAE (CBUAE) has imposed financial sanctions on a bank operating in the UAE for failing to comply with the Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations policies and procedures....
by PREMA Team | Apr 23, 2025 | Business
The UAE financial technology (fintech) market is expected to reach $3.56bn in 2025, and $6.43bn by 2030, with a compound annual growth rate (CAGR) of 12.56 per cent, positioning the country among the fastest-growing global markets. A report,...
by PREMA Team | Apr 18, 2025 | Business
Saudi Arabia is offering tax exemptions and visa support to attract investors to the Kingdom’s Special Economic Zones as it looks to diversify the economy and create a business-friendly environment. Reflecting its ongoing commitment to fostering a dynamic...
by PREMA Team | Apr 17, 2025 | Business
The UAE will develop and monitor laws in the country using a new artificial intelligence system. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the new legislative process following a meeting of the UAE Cabinet at...
by PREMA Team | Apr 16, 2025 | Business
Abu Dhabi financial free zone ADGM’s regulators have fined virtual asset trading platform Hayvn Group and its related entities a total of $12.45 million for “serious” rules breaches, while also banning its former chief executive from conducting any...
by PREMA Team | Apr 14, 2025 | Business, Corporate Tax
The Federal Tax Authority (FTA) has conducted an awareness session for content creators and influencers on tax compliance in the UAE. The session, held in collaboration with the UAE Media Council and with representatives from the New Media Academy in attendance,...
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