Dubai / WAM Dubai Financial Market (DFM), announced issuing two new regulations that pave the way for market participants to implement both repurchase agreements, Repo, and Islamic Murabaha transactions, in conjunction with the approval given by the Securities and Commodities Authority (SCA). The regulations have been outlined in line with the international best practices as well as in full coordination …

Dubai / WAM The Federal Tax Authority (FTA), closed three commercial establishments for violating its excise tax laws, after an inspection campaign in cooperation with the Department of Economic Development of Dubai, (DED), as part of their joint efforts to limit tax violations. The FTA and the DED investigated cases of tax evasion by commercial businesses after a date was …

Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC), sponsored and partnered with the Al Dhafra Festival, taking place in Madinat Zayed, in the Al Dhafra Region of Abu Dhabi, until December 28. The initiative is part of ENEC’s continued efforts to support the economic and social development of the Al Dhafra Region and the achievement of the …