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Dubai crypto watchdog fines 19 unlicensed firms up to $163,000

by PREMA Team | Oct 10, 2025 | Business

Dubai Virtual Assets Regulatory Authority fined 19 firms up to $163,000 for unlicensed operations and marketing rule breaches The Dubai Virtual Assets Regulatory Authority (VARA) has imposed financial penalties on 19 firms for operating without licences and breaching...

Dubai to tokenise gold and diamonds under DMCC–VARA partnership

by PREMA Team | Oct 9, 2025 | Business

Dubai launches pilot projects to tokenise gold and diamonds under a new DMCC–VARA partnership, advancing the city’s blockchain-driven future Dubai’s DMCC and the Dubai Virtual Assets Regulatory Authority (VAR A) are joining forces to pilot the tokenisation of gold and...

Dubai announces new permit for free zone companies to operate in mainland

by PREMA Team | Oct 8, 2025 | Business

“This move eases cross-jurisdiction operations, opening cost-effective, low-risk pathways for businesses to engage in domestic trading and secure government contracts, and fostering growth for small enterprises and multinationals alike,” Dubai’s Department of Economy...

Dubai issues new law to regulate engineering consultancy sector and attract global firms

by PREMA Team | Oct 6, 2025 | Business

Sheikh Mohammed issues Dubai law to regulate engineering consultancy offices, enhance global standards, and attract international firms Dubai will introduce a new law to regulate the professional practice of engineering consultancy offices in the emirate. Ruler of...

Abu Dhabi bans crypto mining on farms with fines up to $27,225

by PREMA Team | Oct 2, 2025 | Business

The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has reiterated its ban on cryptocurrency mining on farmland, stressing that the practice falls outside the scope of approved agricultural and livestock economic activities. The clarification...

UAE-Australia CEPA comes into force to boost trade beyond $10bn by 2032

by PREMA Team | Oct 2, 2025 | Business

The UAE-Australia CEPA is now in force, aiming to raise annual trade from $4.2bn in 2024 to more than $10bn by 2032, while boosting investment ties The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Australia has officially come into force,...

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