The Central Bank of the UAE (CBUAE) has suspended the licence of YAS Takaful PJSC under Article 33(2)(k) of Federal Decree Law No. (48) of 2023 Regulating Insurance Activities. The decision came after the company failed to meet the required regulatory standards for insurance providers in the country. Existing policyholders will remain covered under contracts…
DetailsIFZA has officially launched its first Free Zone in Panama City, marking an important step in its global expansion strategy. The licence granted by the Government of Panama allows IFZA to introduce its Dubai-based business model to Latin America and support international companies looking to tap into new markets. Key Points The Free Zone connects…
DetailsDubai Multi Commodities Centre (DMCC) added over 1,100 new companies in the first half of 2025, lifting its membership close to 26,000. The surge was fuelled by new Special Purpose Vehicle (SPV) and Holding Company licences, along with strong foreign direct investment (FDI) flows. The UK, Türkiye, and China led growth, with UK companies rising…
DetailsThe UAE’s Ministry of Foreign Affairs has launched the Emirati Traveller Services Card, a new digital service to support Emiratis during international travel. The card is now available at Zayed International Airport in Abu Dhabi and Dubai International Airport. Key Points – Emirati Traveller Services Card Launched by: UAE’s Ministry of Foreign Affairs Purpose: To…
DetailsThe UAE and Moldova signed a landmark Memorandum of Understanding (MoU) on Monday, confirming the mutual exemption of entry visas for citizens of both countries. The agreement was finalized during a high-level diplomatic meeting in Abu Dhabi between Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Mihai…
DetailsThe U.S. Department of State has issued a significant change to its policy on visas, confirming that with effect from September 2, 2025, the majority of applicants for non immigrant visas will need to have an in-person interview at a U.S. embassy or consulate. This change is universal, including applicants from the UAE, and lifts…
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