June 3, 2025

UAE

Finance

Ministry of Finance announces issuance of Cabinet Decision expanding scope of Corporate Tax Exemption

The Ministry of Finance (MoF) has announced the issuance of Cabinet Decision No. (55) of 2025 on Exempting Certain Persons from Corporate Tax for the purposes of Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. The decision expands the scope of the corporate tax exemption to include foreign entities that

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Investment

Trump caps Gulf tour in Abu Dhabi with dizzying investment pledges

AI AMBITIONS The White House also said both countries inked an AI agreement that will see the UAE invest in US data centres and commit to “further align their national security regulations with the United States, including strong protections to prevent the diversion of US-origin technology”. The UAE is seeking to become a leader in

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Crypto

Ripple says securing Dubai crypto licence a ‘major milestone’

Ripple, an enterprise blockchain and crypto solutions provider, received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services in the Dubai International Financial Centre (DIFC). Ripple will be the first blockchain-enabled payments provider licenced by DFSA, according to a statement by the Dubai government published Thursday. “Securing this DFSA

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