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UAE Tightens Corporate Governance and Anti-Money Laundering Rules: What It Means for Businesses in 2026 Category: Corporate Compliance & Business Advisory
The United Arab Emirates has taken another decisive step to cement its reputation as one of the world’s most trusted and investor-friendly business destinations. In a recent meeting of the country’s Economic Integration Committee, senior officials reviewed a fresh set of measures designed to strengthen corporate governance, tighten the framework
Business Continuity Funds in Corona Era
As it is discussed and published in various articles, the new economic world order will be impacted by the effect of Novel Corona Virus or COVID 19. Due to the lockdown including in Kerala, most of the industries and businesses are seriously affected. It is sure that, in Kerala, many local and small
Cryptocurrency- Riches in invisible bundles
There is a sudden craziness and demand behind cryptocurrencies all over the year since the past few years. Its ease of transaction, transparency, frequent price fluctuations, unregulated nature, the impossibility of double-spend and many more factors have contributed to the popularity of cryptocurrencies over the past few years. Cryptocurrency A
Managing conflict in team
Workplace conflict may occur in two ways: between 2 workers, among entire groups or between supervisors and also the team members they manage. Conflict, in human psychology, is the arising of 2 or additional sturdy motives that can’t be solved along. Psychologically, a conflict exists once the reduction of 1 motivating stimulant involves a rise in another, that an adjustment is demanded. Conflicts need not be equally severe. Embrace the Conflict. When conflict arises, don’t avoid it or fake nothing is going on. As
Indian Budget 2019.
Central Budget 2019 targets Indian economy to touch $3 trillion mark in the year 2019-20 and being the third-largest economy. It covers all the major sectors of the economy. Taxpayers are benefitted through various tax deduction schemes and easier compliance policies. TAXATION The proposals made by the finance minister Simplifies
Budget 2019: A new Social Stock Exchange to list voluntary organizations!
In a more creative step towards economic and social reformation of our country, the maiden budget of FM Smt Nirmala Sitharaman has proposed creation of a Social Stock Exchange to list charity, voluntary and welfare organizations in the country and help them raise funds in the form of equity or
What happens if you don’t file Income Tax returns?
With budget presentation done, it is high time for us to understand the importance of filing income tax return. Every person earning an income above the basic exemption limit is liable to pay Income Tax, no matter what the nature of income is! The income tax act applies to every
SAUDI CABINET APPROVES DOUBLE TAXATION TREATY WITH UAE
UAE yet to publish in official gazette. Beneficial to foreign nationals residing in KSA and UAE too On 1 March 2019, Saudi Arabia published the Double Tax Treaty (DTT) with the United Arab Emirates in its Official Gazette (Ummul Quraa). The DTT is not yet to publish in the UAE
Interest-free Banking in India – Challenges
Indian banking laws do not explicitly prohibit Interest-free banking but there are provisions that make it an almost unviable option. Banks in India are governed under the Banking Regulations Act 1949, Reserve Bank of India Act 1934, Negotiable Instruments Act 1881, and the state and central Co-operative Acts. One of
How does an interest free bank work?
The pathways in the development of alternative financial institutions or interest-free banks were discussed in the previous part. let’s see the theoretical aspects of an interest-free bank. How does an interest-free bank work? There are mainly two methods of operation following Interest-free banks. Musharakah and Mudarabah Mudarabah Mudarabah is a
Interest-free Banking- the precedent pathways.
Interest-free banking aka Islamic banking aka Alternative banking has always been a heated topic of discussion amongst world economists. The capitalist economists usually term interest as a fair and equitable ideal but the rest of the world has always indexed to the damages it causes to the plight of the
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Overview of Four Special Economic Zones in Saudi Arabia
Saudi Arabia has established several Special Economic Zones (SEZs) across the country to attract foreign investment and promote economic growth. Four SEZs in Saudi Arabia will be examined in-depth in this article:Ras Al Khair SEZ, Cloud Computing SEZ, King Abdullah Economic City SEZ, and Jazan SEZ. Ras Al Khair SEZ
UAE Launches eInvoicing 4-Corner Model: What It Means for Businesses
The UAE is taking another major step in digital transformation with the launch of the eInvoicing 4-Corner model. Announced by the Ministry of Finance, this development is designed to help businesses exchange electronic invoices more efficiently through accredited channels, creating a more connected and automated financial ecosystem across the country.
Opinion: How collective intelligence and crowd leadership helped Kerala in its worst crisis.
Kerala , the southern state of India , known as God’s Own Country is facing worst flood in 100 years of living memory. Kerala , a densely populated state with more than 30 Million people is larger than Belgium. Thirteen out of fourteen districts in Kerala were badly affected by
UAE Introduces New Sugar Tax from January 2026: What You Should Know.
Starting January 1, 2026, the UAE will implement a sugar-based excise tax, replacing the current flat 50% rate with a tiered system that depends on the amount of sugar a drink contains. Announced by the UAE Ministry of Finance, this move aligns with GCC standards and supports the UAE’s goals
FDI Strategy: Bahrain ranked in top five globally.
Abu Dhabi (6th) and Dubai (8th) are also ranked in the top 10. The fDi intelligence magazine of Financial Times, in their ‘2021 Global Cities of the Future’ index, has awarded Bahrain’s capital city Manama with the fifth position globally among cities of all sizes and first position among small
DAFZA launches ‘Talent Pass’ licence for freelancers.
Talent Pass license for freelance or self-employed work with the aim of attracting global talent and professionals. Under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Airport Freezone Authority (DAFZA) launched the Talent Pass license for freelance or self-employed work with the aim of attracting global