Ras Al Khaimah Economic Zone (RAKEZ) has officially signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), marking a strategic step to simplify banking for investors and accelerate business growth across the UAE. The partnership enables RAKEZ clients, including startups and SMEs, to open business bank accounts seamlessly while accessing tailored Sharia-compliant…
The United Arab Emirates has announced the launch of the world’s first Machine Economy Free Zone (MEFZ), setting a new global benchmark for AI, robotics, and blockchain integration. The initiative is led by PEAQ, a blockchain platform built for the Machine Economy, in partnership with Pulsar Group, an Emirati venture builder focused on emerging technologies.…
Ras Al Khaimah Economic Zone (RAKEZ), a rapidly growing business and industrial hub in the UAE, will participate in the fifth edition of Big 5 Construct Egypt, taking place from June 17 to 19, 2025, at the Egypt International Exhibition Center (EIEC) in Cairo. The event, recognized as Egypt’s largest construction industry expo, attracts professionals…
In a significant move to bolster economic relations, the United Arab Emirates and the Sultanate of Oman have signed an agreement to develop the Al Rawdah Special Economic Zone (SEZ) in Al Buraimi Governorate. The signing ceremony was attended by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, during his official…
Businesses managing the distribution of goods within or through UAE’s designated free zones can soon expect clearer regulations on how corporate tax applies to them. In a move that underscores the country’s ongoing commitment to transparency and a business-friendly environment, the Federal Tax Authority (FTA) will introduce updated guidelines to help these companies better understand…
A significant shift in the UK’s tax landscape is expected in May 2025, prompting an increasing number of high-income earners to consider relocating to jurisdictions with more favorable tax regimes—most notably, the United Arab Emirates (UAE). Key Changes in the UK Tax Policy Starting in May 2025, the UK government will implement a series of…