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Dubai International Financial Centre (DIFC) has announced a record-breaking year in 2024, marking a significant milestone as it celebrates its 20th anniversary.

In the United Arab Emirates, there are rules which regulate the handling of dormant accounts and unclaimed balances.

Online fraud is increasing day by day, with bank accounts also being scammed in the UAE. Many times, you may get a call purportedly from a bank asking for your personal details, or your account number.

On the 2nd of January 2022 the Federal Decree-Law No. 14/2020 will come into force, however, and similar to all new laws and regulations...

Often, unexpected events can astound an individual in an array of ways like a change in employment, personal emergency, etc., which may rapidly throw the individual off track.

The UAE Central Bank's Open Finance Regulation (OFR), part of its Financial Infrastructure Transformation Programme, introduces a framework for secure, consent-driven...

The advent and rise of cryptocurrency have been a disruptor to the traditional currency system. Even outside the virtual aspect of the currency...

With the rapid advancement of technology and the increasing digitalization of financial transactions, the threat of bank fraud has become a significant concern globally, including in the UAE.

In recent years the UAE has taken many important steps to implement new laws and policies to protect real estate owners.

The UAE President Shaikh Khalifa bin Zayed Al Nahyan issued Federal Law No. (14) of 2018 concerning the Central Bank of UAE and Organization of Financial Institutions and Activities which aims to raise the capital of the Central Bank (the Bank) to AED 20 Billion.

UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Federal Law on ‘Netting', its provisions shall apply to all qualified financial contracts and netting agreements...

As you may be aware, Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reporting is an annual compliance requirement in the UAE.

Tax domicile certificate is a certificate issued for eligible government entities, companies and individuals to take advantage of agreements of double taxation avoidance on income signed by the UAE.

On 9 July the United Arab Emirates (UAE) Ministry of Finance (MOF) published an update of the Value Added Tax (VAT) FAQ section of its website.

In recent years, the governments of the Gulf Cooperation Council have moved to reduce their reliance on hydrocarbons, designing ambitious strategic plans to develop into innovation-led economies within a 15- to 30-year horizon.

A historic deal has been signed between UAE and Israel. Business between these two countries is finally open.

The United Arab Emirates is renowned for its strategic location and business-friendly environment, making it an attractive destination for entrepreneurs and investors worldwide.