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UAE banking sector poised for continued growth in 2024

UAE banking sector poised for continued growth in 2024

The UAE banking sector continued its growth momentum last year and is poised for further growth and recovery in 2024, thanks to the success of the Central Bank of the UAE's (CBUAE) strategies and policies in setting the necessary frameworks and regulations to deliver sustainable growth for the sector, and its commitment to promoting economic and financial stability in the UAE.

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SCC approves the draft law on leasing real estate in Sharjah

SCC approves the draft law on leasing real estate in Sharjah

The Sharjah Consultative Council (SCC) approved a draft law for the year 2024 regarding real estate leasing in the Emirate of Sharjah, after introducing a number of amendments on the draft law in the sixth meeting of the first regular session of the eleventh legislative term.

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MoF launches digital public consultation on implementation of Global Minimum Tax in UAE

MoF launches digital public consultation on implementation of Global Minimum Tax in UAE

The UAE Ministry of Finance (MoF) today announced the launch of a digital public consultation to gather the views of relevant stakeholders on the implementation of the Global Minimum Tax (GMT) or Global Anti-Base Erosion Model Rules (Pillar Two) (GloBE Rules) as well as other tax matters in the UAE. The consultation will be open from 15th March 2024 to 10th April 2024, and accessible via the Ministry’s website or the UAE’s Government Portal (link here).

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UAE Gender Balance Council participates in UN Security Council and GCC meetings

UAE Gender Balance Council participates in UN Security Council and GCC meetings

The UAE Gender Balance Council participated in key meetings and sessions held at the 68th session of the Commission on the Status of Women at the United Nations (UN) headquarters in New York, including a meeting of the UN Security Council, and a session on women’s empowerment in Gulf Cooperation Council (GCC) countries, jointly organised by the GCC and the UAE.

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Mohammed bin Rashid mandates incorporation of ‘Nakheel and Meydan’ into Dubai Holding Group under leadership of Ahmed bin Saeed Al Maktoum

Mohammed bin Rashid mandates incorporation of ‘Nakheel and Meydan’ into Dubai Holding Group under leadership of Ahmed bin Saeed Al Maktoum

Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Nakheel and Meydan will join forces with Dubai Holding in an effort to sustain and advance growth through a unified and integrated vision that builds on gains, spurs efforts and boosts Dubai’s global competitiveness.