Legislation and regulatory authorities for cryptocurrencies in the UAE

Legislation and regulatory authorities for cryptocurrencies in the UAE

Cryptocurrencies and blockchain projects in the UAE are regulated by FSRA (Financial Services Regulatory Authority) in relation to ADGM (Abu Dhabi Global Market). This authority publishes guidance on cryptocurrencies. It also monitors blockchain business to ensure transparency as well as to prevent money laundering and terrorist financing. Other bodies that may contribute to the regulation […]

How to Apply for a Metaverse Service License in Dubai?

Dubai’s Metaverse Service License is now one of the most highly anticipated business license categories. As virtual reality, artificial intelligence, and other software technologies continue to advance, the Metaverse has become a tangible reality. An increasing number of companies are actively involved in developing Metaverse applications and choosing Dubai as their headquarters. The demand for […]

Restaurant in Al Ain closed for non-compliance with sanitary norms

Restaurant in Al Ain closed for non-compliance with sanitary norms

Taj Al Manar restaurant, located in Al-Khayer district of Al-Ain, has been closed by the Abu Dhabi Agriculture and Food Safety Authority (Adafsa) for endangering public health. Officials said the closure was due to repeated violations of conditions and requirements related to health and food safety. Three high-risk violation notices were issued to the establishment […]

Fuel price hike in UAE

Fuel price hike in UAE

The UAE Committee on Fuel Prices has announced a price increase for gasoline and diesel in June 2022.The new gasoline and diesel prices will be effective at UAE petrol stations starting June 1, 2022.As of June 1, Super 98 gasoline will cost AED 4.15 per liter compared to AED 3.66 per liter in May.Special 95 […]

UAE: Fines of up to AED 500,000 for online blackmail and threats

UAE: Fines of up to AED 500,000 for online blackmail and threats

The UAE prosecutor’s office has announced a minimum fine of 250,000 dirhams and a maximum fine of 500,000 dirhams for threatening or blackmailing someone online.Violators will also be sentenced to no more than two years in prison. In a social media post, the prosecutor’s office said the penalties are aimed at combating electronic crime and […]

Company Formation in Sharjah – Top Free Zones for setting up a company in Sharjah

Sharjah, a burgeoning business hub in the UAE, boasts several highly regarded Free Trade Zones that provide excellent opportunities for establishing and expanding companies. Investors are drawn to Sharjah for its affordable company packages, offered across a range of Free Zones within the Emirate. Moreover, the cost of company formation in Sharjah’s mainland is lower […]

How to become the richest central bank client

How to become the richest central bank client

A 25-year-old Nigerian migrant became a millionaire in two months and the UAE Central Bank’s largest account holder Aakil came to the UAE in search of a prestigious job. However, he fell during the Covid-19 pandemic, when all the big companies stopped hiring for a while. Aakil had to take a job with a cab […]

UAE law: E-cigarette smoking

UAE law: E-cigarette smoking

E-cigarette smoking not allowed in offices, closed spacesThe health ministry has also blocked websites that advertise and promote e-tobacco products Smoking e-cigarettes is prohibited inside offices and closed spaces across the UAE, the health ministry has confirmed. The use of e-cigarettes is subject to the federal law on tobacco control.According to the UAE government website, […]