Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. In the world of corporate fraud, deception often wears a convincing suit. Even the most prestigious brands are not immune. In a gripping episode of social engineering gone wrong, Ferrari—Italy’s crown jewel of automotive luxury—narrowly escaped a costly fraud. The culprit? A con artist pretendin

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. The International Accounting Standards Board (IASB) has approved amendments to IFRS 9 Financial Instruments, effective for annual reporting periods starting 1 January 2026, with earlier application permitted. These changes are part of a broader effort to refine and clarify the classification,

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. On 18 July 2024, the International Accounting Standards Board (IASB) issued a set of narrow-scope changes under its “Annual Improvements to IFRS Accounting Standards – Volume 11,” which includes amendments to IFRS 7 (Financial Instruments: Disclosures) and its accompanying guidance. The amendmen

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. The International Accounting Standards Board (IASB) has issued its latest cycle of “Annual Improvements” to its IFRS Accounting Standards. Among the standards affected is IFRS 1 — First-time Adoption of International Financial Reporting Standards. The amendment becomes mandatory for annual repor

Disclaimer: This article is for general informational purposes only and does not constitute financial advice under UAE legislation governing financial publications and advertisements. The UAE has introduced a significant change to the taxation of investment real estate, creating new planning opportunities for companies holding commercial and income-generating property. The Ministry of Finance has clarified that corporate taxpayers may now claim annual depreciation of up to 4%

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. A New Era: Personal Income Tax in Oman On 22 June 2025, Sultanate of Oman issued Personal Income Tax Law under Royal Decree No. 56/2025. The law introduces a 5% tax on personal income for individuals earning over OMR 42,000 per year (gross income). The tax becomes effective on 1 January 2028

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. As financial technology reshapes the corporate finance landscape, two transformative forces are converging at the heart of CFO and chief accountant priorities: regulatory technology (RegTech) and the growing inclusion of digital assets. For UAE-based financial leaders, these trends are no longer

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. As the UAE continues advancing toward a cashless economy, a significant development in the financial infrastructure is the launch of Jaywan — the country’s first national payment card scheme. Developed by Al Etihad Payments under the supervision of the Central Bank of the UAE, Jaywan marks a str

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. While the Gulf countries have always played an influential role in shaping the geopolitical landscape of the Middle East, their aspirations are now more pronounced than ever. With a combination of economic might, regional alliances, and ambitious policies, these nations are actively working to r

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. The United Arab Emirates (UAE) has long been recognized as a global business hub, attracting multinational corporations, entrepreneurs, and investors seeking a strategic gateway to the Middle East and beyond. Now, with an ambitious plan to more than double its annual foreign direct investment (F

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. Dubai has emerged as a regional leader in combating financial crimes, bolstering its anti-money laundering (AML) and counter-financing of terrorism (CFT) frameworks. The 2nd Annual Anti-Money Laundering & Compliance Conference took place in Dubai in February 2025, serving as a pivotal gathering

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. Aviation finance law in the United Arab Emirates (UAE) plays a crucial role in the country's thriving aviation sector. One of the key legislations governing aviation finance in the UAE is Federal Law No. 20 of 1991, also known as the Civil Aviation Law. This law regulates various aspects of civi

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. In the world of accounting and finance, staying updated with international standards is crucial for ensuring accuracy and transparency in financial reporting. Recently, significant changes have been made to International Accounting Standard 21 (IAS 21) regarding lack of exchangeability, aiming t

The UAE has introduced a significant tax reform under the framework of the OECD's Base Erosion and Profit Shifting (BEPS) 2.0 initiative....

In the realm of finance, adherence to accounting standards is crucial for companies to maintain transparency and consistency in their...

In the realm of finance, staying abreast of regulatory changes is paramount for businesses looking to maintain transparency and...

The UAE has recently made significant revisions to its economic substance regime, as outlined in Cabinet Decision No. 98 of 2024. This...

Federal Decree-Law No. 9/2024, effective from 30 August 2024, has brought significant modifications to the UAE Labour Law. These updates...

The world of finance is dynamic, with regulatory standards frequently evolving to enhance transparency and accuracy in financial...

You offer favorable conditions to your clients, but they do not pay their bills. You are constantly looking for working capital because...