Economy

The agreement will give businesses in the Shams community access to services covering account opening, payments, collections, invoicing, payroll and expense management

Financial markets reacted negatively to the decision and the prospect of additional increases

The changes are designed to simplify procedures and provide greater clarity for taxable persons, supporting voluntary compliance and helping reduce tax disputes

Imports and re-exports have expanded at broadly similar rates, pointing to sustained growth across the UAE’s trade flows rather than a shift concentrated in one part of the market

Jaywan is operated by Al Etihad Payments, a subsidiary of the CBUAE, and has been designed as the UAE’s national domestic card payment scheme while remaining connected to global payment networks

Dubai’s continued development as a global business and investment hub would provide Salik with opportunities to strengthen its market position and support long-term growth

The collaboration is designed to extend the support available to businesses operating within the free zone by combining company formation services with practical tools and industry knowledge

The decision follows an extensive assessment of fees linked to a broad range of services and activities under the authority’s supervision

Industry experts say beauty businesses often serve as an early indicator of changing consumer sentiment

The revised framework establishes a dedicated regulatory approach for businesses, professionals and other eligible entities