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The balance sheet of the Central Bank of the UAE (CBUAE) surpassed AED594 billion by the end of March 2023, marking the largest level ever in its history, a CBUAE report has revealed. In its budget report for March 2023, the apex bank said that its balance sheet grew by …

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the Cabinet Meeting at Qasr Al Watan in Abu Dhabi, during which his Highness announced the formation of the Anti-Narcotics Council headed by Saif bin Zayed. Mohammed bin Rashid:   • Today, I …

H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Abu Dhabi Executive Council, First Vice President of Al Ain Sports and Cultural Club, First Vice President of the Honorary Council and Chairman of the Board of Directors of the Club, has issued a resolution appointing Sheikh Sultan bin …

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said enhancing strategic partnerships with the private sector represents a vital part of the emirate’s economic strategy. His Highness was speaking at his weekly Majlis at the Za’abeel Palace where …

The Central Bank of the UAE (CBUAE) has cancelled the registrations of Seagull Insurance Services Co. and Al Shorafa Insurance Services from the insurance broker register, in accordance with the applicable insurance brokers’ regulation. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all insurance companies and …

His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Board of Trustees of Khalifa Award for Education, stressed that the UAE’s education sector receives generous support from President His Highness Sheikh Mohamed bin Zayed Al Nahyan, who …

H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council (SEC), chaired, on Tuesday, the meeting of the SEC, which was held in the Sharjah Ruler’s Office. The meeting was attended by H.H. Sheikh Abdullah bin Salem …

The Environment Agency – Abu Dhabi (EAD) has confirmed that more than 172 million single-use plastic grocery bags have been prevented from entering the environment. The ban was enacted on 1 June, 2022, and, to date, 450,000 single-use plastic bags have been saved each day. The Environment Agency – Abu Dhabi launched …

The “Abu Dhabi Prosecution” is taking legal measures against an accused “Arab national” for stirring up public opinion and attacking privacy by using the information technology network, through her verbal assault on one of the participants in the book fair event that was recently held in the UAE. The accused …

The UAE Ministry of Finance today has announced the issuance of Cabinet Decision No. 56 of 2023 on a Non-resident Person’s Nexus in the UAE for the purposes of Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses (“The Corporate Tax Law”). His Excellency, Younis Haji …