UAE: Ministry issues important notice to some businesses, warns of penalties for non-compliance

Companies are advised to contact the authority if they have not yet received the notification in question, in order to avoid being penalised The Ministry of Economy has issued an important notice for all Designated Non-Financial Businesses and Professions (DNFBP). In a post on social media, the authority warns that the ‘Money Laundering and Terrorist…

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Swallowing the bitter pill of Syrian rehabilitation

The controversial readmission of Syria to the Arab League will make the organization’s forthcoming Riyadh summit a closely watched occasion. For millions of Syrians, not to mention many Arab leaderships, this is an unimaginably bitter pill to swallow. Defending the move, Jordan’s Foreign Minister Ayman Safadi observed that “status-quo politics only resulted in more ills and more…

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Over 130 usufruct agreements signed in 2022

Muscat: More than 130 usufruct agreements were signed during the year 2022 ,Vice-President of the Public Authority for Special Economic Zones and Free Zones, said. His Excellency Eng. Ahmed bin Hassan Al-Dheeb, Vice President of the Public Authority for Special Economic Zones and Free Zones, indicates that OMR 300 million have been allocated for projects in…

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