Foreign banks in Dubai to pay 20% annual tax under new law
The law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum exempts the foreign banks licensed to operate in the Dubai International Financial Centre. Besides all foreign banks operating in Dubai, the law applies to special development zones and free zones.
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Dubai
ADNOC Distribution 2025 dividend $700m
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The dividend is equivalent to 43.75% of paid-up capital.
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Masar 2025 net profit $262m
Higher land plot sales boost revenue and operating income.
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The petrochemicals' company's revenue also fell 17.7 percent.
