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ADGM-based foreign funds could be required to file periodic reports in proposal of tightened oversight
While domestic funds already report under Chapter 16, the new rules expand scrutiny to mitigate systemic risks
Businesses in freezones can now more easily expand into mainland Dubai
A new resolution allows DET to issue licenses for businesses to expand operations
THIS MORNING: What will Russians in the UAE do if the war ends? + UAE official to seek more access to US advanced tech next week
Plus: UAE aluminium exports spike ahead of US tariffs
Gov’t revenues reached AED 533.3 bn in 2024
Total expenditures amounted to AED 443.8 bn throughout the year
The UAE is on track for 7% annual economic growth soon -Al Marri
Elevated inflation and high interest rates are the main challenges
Sharjah introduces 20% corporate tax for natural resource firms
Late payments incur 1% monthly penalties
Abu Dhabi allows firms to operate without physical premises for first year
The exemption applies to 1k economic activities across various sectors
Abu Dhabi issues new regulations for environmental violations
PLUS: New proposal for robo-advisory regulations
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