This Week's Top 5 News Highlights You Can't Miss

UAE Central Bank has released a new AED 500 banknote

In conjunction with the 52nd Union Day festivities, the UAE Central Bank has released a new 500-dirham polymer banknote featuring designs that highlight the UAE's commitment to sustainability. The new banknote will enter circulation alongside the existing paper and polymer banknotes.

UAE President releases 1,018 individuals from correctional facilities

The President of UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued an order to the release of 1,018 individuals from correctional facilities across the UAE in honour of the nation's 52nd Union Day celebrations. This act of clemency demonstrates His Highness' commitment to offering the pardoned individuals a chance to begin anew, reintegrating them back into their families and communities. The concerned authorities have initiated the essential steps to facilitate the swift reunion of those eligible for the pardon with their families.

Ajman Police alert drivers on social media to prioritize pedestrian safety

Motorists have been cautioned by the police against stopping their vehicles at pedestrian crossings, a violation that could result in an AED 500 fine, as warned by the Ajman Police in a social media advisory. The post emphasized the significance of prioritizing pedestrian safety and urged drivers to refrain from this action, reminding them of the associated AED 500 penalty for the violation.

?UAE Public Prosecution issues reminder on penalties for assault

?The penalties for individuals convicted of assault have been clarified by the UAE’s Public Prosecution. According to the guidelines, individuals causing physical harm leading to an illness or inability to work for over 20 days to the victim will face imprisonment along with fines. For less severe cases of assault, offenders will encounter a year of imprisonment and fines reaching up to 10,000 AED. Moreover, assault resulting in the termination of a pregnant woman's pregnancy is categorized as an aggravated circumstance.

Property transactions added to UAE Pass Portal

The UAE authorities have introduced property transactions to the UAE Pass portal, which will have corporate income tax implications for businesses in buying or selling properties. This addition to the portal aims to enhance transparency within property transactions. The inclusion of property transactions within UAE Pass for registration and record-keeping marks a significant advancement. Previously, property buyers in Dubai, for instance, solely used the REST app for registration.

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