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UAE Makes Commercial Drone Insurance Mandatory
Commercial drone operations in the UAE have been brought under strict regulatory guidelines. The new guidelines makes it mandatory for all commercial unmanned aerial vehicles (UAVs) to obtain insurance coverage in an effort to protect both the operator and the companies hiring the facility as well as other parties exposed to risks brought about due to the operation of the UAV. Commercial drone operations in the UAE have been brought under strict regulatory guidelines. The new guidelines makes it mandatory for all commercial unmanned aerial vehicles (UAVs) to obtain insurance coverage in an effort to protect both the operator and the companies hiring the facility as ...

A tour on Cyber Liability
For today’s businesses, the Internet represents a critical piece in operations, from e-commerce to information delivery and data storage. While reliance on digital devices brings many benefits, it also exposes the business to risk related to cyber ransoms, network damage, theft of personal and corporate information, and copyright infringement, etc. These liability issues don’t just impact an organization’s financial situation, but can harm its reputation, brand and image, as well. A recent cyber attack that you would be aware of is the WannaCry Ransomware attack, which claimed 200,000 victims in 150+ countries, has been the talking note throughout the globe. This is not the only attack in the recent past. ...

UAE Value Added Tax
UAE Value Added Tax. Value Added Tax (or VAT) is an indirect tax. Occasionally you might also see it referred to as a type of general consumption tax. In a country which has a VAT, it is imposed on most supplies of goods and services that are bought and sold. VAT is one of the most common types of consumption tax found around the world. Over 150 countries have implemented VAT (or its equivalent, Goods and Services Tax), including all 29 European Union (EU) members, Canada, New Zealand, Australia, Singapore and Malaysia. A business pays the government the tax that it collects from the customers while it may also receive a refund ...

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