Sharjah Islamic Bank (SIB) has officially launched its “Millionaire Draw” campaign, starting July 1, 2025, to encourage sustainable saving habits across the UAE. The initiative offers generous monthly and seasonal prizes, including cash rewards up to AED 20 million and BMW luxury cars, to both new and existing savings account holders. Key Facts Campaign Start…
The Federal Tax Authority (FTA) has issued a strong appeal to corporate taxpayers who are yet to register for corporate tax, encouraging them to take advantage of the administrative penalty waiver initiative currently in place. Key Highlights of the Penalty Waiver Initiative Who It Applies To: Unregistered corporate taxpayers and certain exempt entities required to…
The Gulf Cooperation Council (GCC) has officially approved a Schengen-style unified tourist visa, paving the way for seamless travel across all six GCC member states. Implementation is expected “soon,” according to UAE Minister of Economy Abdulla bin Touq Al Marri. “The single [GCC] tourist visa has been approved and is now awaiting implementation. It’s with…
The United Arab Emirates (UAE) has confirmed that its residents will be able to travel to Armenia without a visa starting July 1, 2025. This new move is expected to boost tourism and make travel easier between the two countries. Previously, only UAE citizens could enter Armenia without a visa. UAE residents needed a visa…
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…