Minister of Municipal, Rural Affairs and Housing, Majid Al-Hogail, approved the Municipal Licensing Procedures Law, Umm Al-Qura newspaper reported on March 1. This replaces the Executive Regulations of the Municipal Licensing Procedures Law issued on Jan. 30,...
The Oversight and Anti-Corruption Authority (Nazaha) launched investigations into 3,209 criminal and administrative cases in February. Nazaha investigated 288 persons and arrested 126 suspects, of whom some were released on bail on being involved in bribery, money laundry and...
The United Arab Emirates, represented by the Ministry of Finance and the Central Bank of the UAE, participated in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under Brazil’s presidency held on 28th and 29th February in São Paulo. The UAE delegation, headed by...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today visited the headquarters of Emirates NBD on the occasion of the bank’s 60th anniversary celebrations.His Highness Sheikh Mohammed was accompanied on his visit by H.H. Sheikh...
The Real Estate General Authority (REGA) announced issuing the executive regulations for the real estate contributions law, in coordination with the Capital Market Authority (CMA). REGA confirmed the possibility of applying for a real estate contributions license through its...
The Saudi Central Bank (SAMA) announced today, Fqb 15, the working hours for financial institutions during the holy month of Ramadan, in addition to Eid Al-Fitr and Eid Al-Adha holidays. Banks will work from 10 am until 4 pm during Ramadan. Working hours for banks' foreign...
The Ministry of Human Resources and Social Development (HRSD) announced Feb. 22 as an official holiday for the public and private sectors, on the occasion of celebrating the foundation of Saudi Arabia, Saudi Press Agency reported. On Jan. 27, 2022, King Salman issued a royal...
Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation at the 113th Arab Economic and Social Council meeting held at the General Secretariat of the Arab League in Cairo, chaired by the Hashemite Kingdom of Jordan and attended by delegations from member states. The meeting...
Saudi Arabia’s Cabinet, chaired by King Salman bin Abdulaziz Al Saud, approved today, Feb. 13, allowing board members at the Capital Market Authority (CMA), including the chief executive officer, to serve on the boards of other government agencies for two terms maximum. The...
Today, the UAE Ministry of Finance concluded the Eighth Arab Fiscal Forum, organised in partnership with the Arab Monetary Fund and the International Monetary Fund, which was held on the sidelines of the World Governments Summit 2024 in Dubai, under the theme of “Shaping Future Governments”...