Ras Al Khaimah Economic Zone (RAKEZ) has recently signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, aimed at facilitating the bank account opening process for RAKEZ clients. The agreement was signed by RAKEZ Chief Government and Corporate Relations Officer Yaser Abdulla Al Ahmed, and ADIB Retail
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
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
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