Prevailing market trends, investment opportunities and growth strategies instilling confidence in stakeholders navigating Dubai's dynamic landscape
Pursuant to your queries, it is not clear from your question whether closure of your bank account resulted in dishonour of the cheques issued by you; or whether your bank account had been closed due to dishonour of cheques issued by you; or whether the licence has been blacklisted/blocked by the Central Bank of the UAE due to any other reason? How can you operate your licence if your licence is blacklisted/blocked by the Central Bank of the UAE? Conducting any business under a blacklisted/blocked licence is illegal.
Know the law
"If the licence is blocked due to dishonour of the aforesaid cheques - which you have subsequently paid in cash to the debtor - you may obtain a release from the debtor and provide it to the Central Bank of the UAE with a request to remove the block on your licence."
Prevailing market trends, investment opportunities and growth strategies instilling confidence in stakeholders navigating Dubai's dynamic landscape
Both parties must be taxable; or become taxable as a result of the transfer
Israel's foreign minister says Rafah incursion could be suspended should a deal emerge to release the hostages
The authority is currently taking measures to prevent any unsafe products from reaching the market
Values reach an annual $2.6 billion in gross written premiums
The hospital has treated more than 18,000 cases that required medical intervention
Due to the recent holidays to mark Ramadan and Eid al-Fitr, students received extended leave, including for the heat alert
UAE's Ministry of Finance has put in significant efforts with the savings awareness initiatives