The UAE’s exports are on track to surpass the global growth average with a strong annual rate of 5.5 per cent to exceed Dh2 trillion by 2030, Standard Char..
EFG Hermes concludes advisory on $769mln IPO of ADNOC Logistics & Services Plc on ADX
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the USD 769 million …
Adnoc IPO: Logistics & Services shares jump over 50% on listing
Adnoc Logistics & Services, a subsidiary of Adnoc Group, shares jumped over 50 per cent to over Dh3 per share on the first day of trading on the Abu Dhabi ..
UAE begins corporate tax roll-out amid diversification push
The UAE Federal Tax Authority and the Ministry of Finance declined to comment. Reporting by Lisa Barrington; Editing by Simon Cameron-Moore Our Standards: The Thomson Reuters Trust Principles.
Dubai’s road authority weighs possible IPO of taxi business
Dubai’s transport regulator is in the early stages of exploring strategic options for its assets, including a possible initial public offering of its taxi business, two sources familiar with the …
Mansion Global Daily
Rihanna Lists Her Beverly Hills Home, the Ultra-Wealthy Are Planning to Spend Big in Dubai, and More Rihanna listed one of her Los Angeles-area homes on Tuesday for $10.5 million. The 35-year-old pop …
UAE announces new corporate tax relief rules for businesses
The UAE Ministry of Finance has issued new corporate tax decisions on intra-group transfers, determination of taxable income and restructuring relief UAE announces new corporate tax relief rules for …
UAE Ministry of Finance issues new corporate tax decisions
The decision on Transfers within a Qualifying Group provides further details on how to claim Corporate Tax relief on transfer of assets and liabilities between members of a Qualifying Group.
UAE central bank issues AML/CTF guidance for dealing with virtual assets
The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidance for financial institutions when dealing with virtual assets, such as cryptocurrencies and …
UAE Ministry of Finance introduces new tax rule for businesses
The new General Interest Deduction Limitation Rule aims to regulate the amount of interest expenditure that can be deducted by businesses operating in the UAE UAE Ministry of Finance introduces new …
UAE tax: New corporate tax exemptions revealed
The new exemptions are part of the UAE’s efforts to facilitate business operations. UAE tax: New corporate tax exemptions revealed. Corporate tax, Dubai tax, UAE ministry of finance, UAE tax. News.
UAE announces maximum net interest rate cap for corporate tax
The ministry and the Federal Tax Authority (FTA) have issued a number of clarifications about the corporate tax ahead of its implementation on Thursday, June 1 …
Dubai logs over $544.5mln in realty transactions Tuesday
Dubai’s real estate market recorded 630 sales transactions worth AED1.65 billion on Tuesday, in addition to 127 mortgage deals totalling AED244.89 million, and 23 gift deals amounting to AED104.71 …
UAE announces three new corporate tax exemptions
The new exemptions are part of the UAE’s efforts to facilitate business operations, reducing compliance issues, and foster a strong corporate tax framework across all sectors UAE announces three new …
UAE announces rules on tax grouping and interest capping
The decision further clarifies the conditions under which UAE resident entities that are 95 per cent or more commonly owned can form or join a tax group and be treated as a single entity The UAE …
Central Bank of the UAE and Hong Kong Monetary Authority strengthen financial cooperation
In addition, the two central banks facilitated discussions between their respective innovation hubs on joint fintech development initiatives and knowledge sharing efforts …
UAE’s FTA announces new tax rules to come into immediate effect on June 1
The UAE Federal Tax Authority (FTA) has announced that it will be implementing Cabinet Decision No. (7) of 2023, which amends certain provisions of Cabinet Decision No. (65) of 2020 on Fees for …