The ban on importing waterpipe tobacco and e-cigarette plugs without digital tax stamps comes into effect on March 1.
According to the UAE’s Federal Tax Authority (FTA), these products are required to carry digital seals that track the items all the way from production to end-use.
From June 1, the FTA will also prohibit the supply, transfer, stockpiling or possession of such products that are unmarked.
The scheme, which was introduced last year, aims to combat tax evasion and protect consumers from fraud.
Initially, it only applied to cigarette packs but later it was expanded to include other forms of tobacco as well.
The FTA has started organising training programmes for inspectors from Departments of Economic Development and Customs Agencies across the Emirates, a well as workshops for importers, producers, and retailers so that they are familiar with the scheme.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.