Archives

The Ministry of Human Resources and Emiratisation (MoHRE) has initiated a regulatory consultation following its evaluation of the Alternative End-of-Service Benefits (EOSB) Savings Scheme, introduced pursuant to Cabinet Resolution No. (96) of 2023. The consultation reflects a continuing evolution in the employment regulatory framework of the United Arab Emirates.  The Alternative EOSB Savings Scheme establishes an optional, investment-based model as an alternative to the traditional gratuity regime...

Ministerial Decision reinforces institutional alignment between Dubai’s virtual asset regime and the UAE’s federal tax framework  The UAE Ministry of Finance has issued Ministerial Decision No. 336 of 2025 formally recognising Dubai’s Virtual Assets Regulatory Authority (VARA) as a “competent authority” under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.  While the development has tax implications,...

The Financial Markets Tribunal (FMT) has upheld a decision by the Dubai Financial Services Authority (DFSA) to impose a USD 25,000 fine on Al Ramz Capital LLC for failing to promptly report suspicious trading activity, reinforcing regulatory expectations around market conduct and compliance within the Dubai International Financial Centre (DIFC).  Background of the Case  The penalty relates to transactions executed...

The Dubai Financial Services Authority (DFSA) has imposed a financial penalty of Dh1,850,940 on Ark Capital Management (Dubai) Limited, citing serious breaches of DIFC regulatory requirements relating to market abuse controls and disclosure obligations.  Ark Capital, an authorised firm operating within the Dubai International Financial Centre (DIFC), was found to have maintained inadequate systems and controls for detecting and escalating potential market abuse,...