The UAE's Digital Dirham, a blockchain-based central bank digital currency (CBDC), is set to launch by late 2025. Alongside this, a new symbol for the Dirham has been introduced, reinforcing the nation's commitment to financial modernization and global competitiveness.
Egypt's FY2025-26 budget, totaling EGP 4.6 trillion (US$90.97 billion), focuses on fiscal discipline, social protection, and economic growth, aligning with IMF-backed reforms. Key measures include increased subsidies, higher public sector wages, and targeted investments in productivity and infrastructure.
Sharjah's Natural Resources Tax, effective February 2025, imposes a 20% tax on extractive and non-extractive natural resources businesses.
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