The UAE has amended certain provisions of the Executive Regulation of the Federal Decree-Law on Value Added Tax (VAT), as part of its ongoing efforts to further develop the UAE's tax system to enhance tax transparency, improve the efficiency of implementation, and further align the VAT system with international best practices.
The International Union of Marine Insurance (IUMI) is highlighting the often-overlooked risks that non-compliant wood packaging material (WPM) can create for international cargo shipments.
Hayah Insurance has launched Hayah Academy, a structured learning programme designed to improve insurance and financial understanding across the UAE.
Dubai International Financial Centre (DIFC), a leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has confirmed the programme for the inaugural edition of the Dubai Future Finance Week, a strategic platform being held from November 2 to 6, examining financial trends and economic opportunity within the global financial ecosystem.
Mirae Asset Global Investments, a Korean group with more than $800 billion in AUM globally, has established an office in the Dubai International Financial Centre (DIFC), thus strengthening its presence in the Middle East and expanding regional investors’ access to global investment opportunities.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest financial institutions, has become the first bank in the Middle East and North Africa (MENA) region to sign the UN Sustainable Blue Economy Finance Principles, and establish a AED100 billion ($27.23) blue finance target to support water and blue economy-related financing between 2026 and 2035.
The UAE’s non-oil foreign trade for the first half recorded solid growth, surging to over AED1.9 trillion ($517 billion), said a report. The emirates had last year attracted $48.3 billion in foreign direct investments, thus putting it ninth globally among the largest FDI destinations.
Sharjah had last year attracted 142 foreign investment projects worth AED7.74 billion ($2.1 billion) and is now planning to target further investment in technology, manufacturing, logistics and clean energy. It will explore new opportunities in India, US, Britain and European markets.
BitOasis, a CoinDCX firm and one of Mena’s pioneer and leading regulated digital asset platforms, has announced the appointment of Jonathan Rigg as Chief Executive Officer.
GCC central bank officials reviewed regional efforts to combat money laundering and terrorist financing at a key meeting held in Bahrain where they also discussed ways to boost regional financial systems, including co-operation on payment infrastructure, banking supervision and cybersecurity.
