
Dubai Introduces 20% Annual Tax on Foreign Banks
In his role as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime
Tata Steel, which is part of the Indian conglomerate Tata Group and had a revenue of Dh389.36 billion in the previous financial year, established social security programs for family members of employees impacted by the Covid-19 pandemic on Sunday (May 23).
The steelmaker claimed that all of its frontline workers who died as a result of Covid-19 as a result of their work would be responsible for their children’s education in India before graduation.
The family of the deceased employee/nominee will receive the last drawn salary before they reach the age of superannuation, which is 60 years old, as well as medical insurance and accommodation.
“Tata Steel’s best-in-class social security schemes will help ensure an honourable standard of living for their families,” the company said in a statement.
Source: Khaleej Times
In his role as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime
In fulfilling its supervisory role, the relevant Regulatory Authority conducts examinations into the AML/CFT compliance levels of regulated entities, which
Dubai’s strategically located location and its environment that is conducive to business have made it an ideal center for offshore