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The FTA may impose the penalty maximum within six years from the date violation was committed but the time to impose the penalty for the offence of providing inaccurate information is a maximum of 12 months from the date on which the violation came to the attention of the FTA

Finance1 month ago

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, appointed Rashid Ali bin Obood Al Falasi as the chief executive officer of the DMO.

Business1 month ago

Non-compliance with the ESR is subject to penalties ranging from Dh20,000 to D400,000. To avoid this, it is recommended that the licensee must comply with the ESR.

Finance1 month ago

The government did not announce a replacement or say when a successor would be announced

Finance1 month ago

If the entities are carrying business only in the UAE, or entities whose income is being taxed in other countries are not subject to ESR in the UAE. ESR is not applicable to natural persons, sole proprietorships, trusts and foundations

Finance1 month ago

'Otherdeeds' can only be bought using the project's associated cryptocurrency, called ApeCoin

Tech1 month ago

The bank's underlying profit before tax increasing five per cent on a constant currency basis while ncome grew 11 per cent during Jan-Mar quarter

Finance2 months ago

The bank said higher revenue across net interest and other operating income, underpinned by solid loan growth, generated a robust increase in net profit

Finance2 months ago

Net profit of the largest UAE lender by assets rose to Dh5.1 billion from Dh2.5 billion recorded in Q1 2021 and 54 per cent quarter-on-quarter, driven by the sale of its majority stake in its payments business and improved performance of the bank’s core business

Business2 months ago