Tag: uae

Small Business Relief is not a separate statutory 0% corporate tax rate. Article 21 of the Corporate Tax Law lets an eligible Resident Person elect to be treated as having derived no taxable income …

Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran’s shadow banking network, Treasury said.

Treasury Secretary Scott Bessent announced Friday that he is working to cut off bank branches in the UAE from the U.S. financial system.

Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” Scott Bessent, U.S. treasury secretary, said.

Today, under Operation Economic Outcast, @FinCENnews proposed a rule that would revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions. Additionally, Treasury’s Office of …

The US Treasury announced steps to cut off ‘Bank Misr’ UAE branches from the dollar over Iran dealings, marking the first Arab bank targeted in the ‘Economic Pariah’ campaign.

The United States has moved to cut the UAE branches of Egyptian bank Banque Misr off from the US financial system, accusing the bank of …

The US has fired a significant warning shot at banks in the United Arab Emirates transacting with Iran by imposing restraints on the UAE operations of Egypt’s Banque Misr, even …

US authorities say Banque Misr UAE processed about $1.8 billion for companies potentially tied to Iranian shadow-banking networks. The proposed restrictions aren’t yet in force.

The US Treasury has proposed restricting Banque Misr UAE’s access to the US financial system, accusing the bank of processing about $1.8 billion in transactions involving companies potentially linked …

Dubai real estate transactions hit AED 12B in a week with 3,657 deals, led by Burj Khalifa and strong off-plan and ready property sales …