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The e-Dirham was launched on 3 February 2001, making UAE the first country within the Arab Region to introduce such a system countrywide. The e-Dirham has become widely available, and has many payment channels. The Ministry of Finance and Industry has worked and is still working on expanding payment channels.
The central bank of Sweden proposed an "e-krona" in November 2016, [59] and started testing an e-krona proof of concept in 2020. [ 60 ] [ 61 ] [ 62 ] The 2020 phase focused on internal simulations within Sweden's central bank; the 2021 second phase is to include transactions with outside entities, such as commercial banks . [ 35 ]
In March 2021, FTA said that influencers on social media in the UAE or any users using online promotional activities should register for VAT and pay taxes if the value of the services they provide is more than AED375,000 in a 12-month period. [19] [20]
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The new UAE dirham entered circulation on the same day the Currency Board was established. At this time, the Currency Board of the UAE did not have full central bank powers. It was mandated to manage the currency and the country's gold and foreign exchange reserves, but did not have regulatory authority and was not empowered to manage the UAE's ...
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Federal Reserve Chair Jerome Powell said on Wednesday he is not worried the incoming administration will undermine him as U.S. central bank leader through the people it nominates to Fed leadership ...
Novo Nordisk’s latest attempt in weight loss, a combination drug called CagriSema, matched the bar set by Lilly’s currently approved medicine, Zepbound, but didn’t cleanly surpass it in late ...