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UAE: Amnesty to End This Month

Description: The UAE’s Federal Authority for Identity, Citizenship, Customs, and Port Security has announced the final countdown for visa violators to regularize their status or leave the country without penalties. With only 24 days left until the October 31 deadline, authorities are urging violators to take advantage of this grace period to avoid legal consequences…

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No VAT On Cryptocurrencies, UAE Says

The United Arab Emirates (UAE) has announced significant changes to its Value Added Tax (VAT) system, set to take effect on November 15, 2024. These updates, outlined in Cabinet Decision No. 100 of 2024, aim to streamline regulations, stimulate investment, and align the system with international standards. The amendments are expected to have a substantial…

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That’s How UAE’s Agricultural Will Boost

Description: The UAE has unveiled an ambitious agricultural initiative called “Plant the Emirates” to boost local food production, enhance food security, and promote sustainable farming practices. Launched by Sheikh Mohammed bin Rashid, the project aims to establish a national agriculture center, increase farm productivity, and foster a culture of agriculture among UAE residents. Enhancing Food…

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RAK Casino is coming? Wynn to receive Gambling License

Wynn Resorts Awarded First Commercial Gaming License in UAE Wynn Resorts, the renowned Las Vegas-based hotel and casino operator, has been granted the first commercial gaming operator’s license in the United Arab Emirates. This groundbreaking development was announced by the company on Friday, marking a significant milestone in the UAE’s evolving entertainment and tourism landscape….

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Credit Up: UAE’s Family Credit to reach 115 Billion USD

Family credit in the UAE banking sector has reached a significant milestone, reaching approximately $115 billion in the past year, according to the latest statistics from the Arab Monetary Fund. This figure represents a substantial 11.3 percent increase, positioning the UAE as the second-fastest growing market for family credit among Arab countries, just behind Algeria’s…

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