Residents told to stay home as heavy rains, hail expected; Sheikh Mohammed announces 20% annual tax on foreign banks; Parks to be closed in Sharjah due to adverse weather

[logo]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBwsMXwFI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) The Morning Buzz Friday, March 08, 2024 [330x210]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgNI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [Heavy rains in UAE: Parks to be closed in Sharjah due to adverse weather]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgNI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [The authority added that they will reopen as soon as the weather improves]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgNI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [330x210]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgRI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [Dubai: Sheikh Mohammed announces new 20% annual tax on foreign banks]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgRI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [The corporate tax rate shall be deducted from this percentage]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgRI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [330x210]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgVI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [Ramadan in UAE: 3-day weekend announced for some employees during holy month]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgVI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [The announcement states that government employees will work for five and a half hours, four days a week during the holy month]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgVI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [330x210]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgZI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [UAE: New financial unit to resolve consumer complaints with banks, insurance firms]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgZI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [Sanadak, a first of its kind in the region, is the first legally established independent ombudsman unit]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgZI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [330x210]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgdI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [Heavy rains, hail in UAE: Residents told to stay home as road closures, fines announced]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgdI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [The unstable weather conditions are expected to last from Friday, March 8, till noon on Sunday, March 10]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUgdI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) ALSO READ [Dubai: Hundreds of residents fighting not to lose life savings in property battle]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUghI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [UAE: Starbucks employees fear losing jobs amid boycotts over Gaza war]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUglI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) ['Too much for us to afford': Dubai residents dread rent increase after Rera index update]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUwBI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [UAE's new digital law to cover all forms of payments, transactions]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUwFI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [UAE: Nominations now open for Dh37-million Emirates Labour Market Award]( AABQXAdKB0RNFFlHR0cEWABYCgJPUAhdBCJVDgUNCUoCXVseFkQLEEwUWAlaWAlUEVsLCFNwV1pRUQ8dWg1dGg==&ml=BQtdGQZKBw0AUwJI&sl=cE8nGWNlSmt0MkxAQV5LXgpYCgNdUxIMXgdBTQcLCBhR&pp=0) [Dubai: Got rent hike notice? 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