by PREMA Team | Feb 7, 2025 | Business
A flurry of fintech, retail, and super-app firms are likely to hit the IPO market this year 2025 is predicted to be a breakout year for tech company IPOs (initial public offers) in the Middle East and North Africa (MENA) region, with as many as 25 digital-first...
by PREMA Team | Feb 6, 2025 | Business
The UAE’s foreign trade has reached a historic milestone, touching AED3tn ($817bn) for the first time by the end of 2024, said Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Sheikh Mohammed said that under the...
by PREMA Team | Feb 5, 2025 | PREMA Insights
The Federal Tax Authority (FTA) has provided guidance on the VAT treatment of cryptocurrency mining, particularly activities using the Proof-of-Work mechanism. This clarification aims to outline how VAT applies to mining activities in different scenarios. Key Points...
by PREMA Team | Feb 4, 2025 | Business
The UAE attracted more than $30 billion in cryptocurrency investments last year, data from forex.com showed. Over the past decade, the UAE has become a haven for retail and institutional investors seeking to expand their crypto portfolios. Ranked among the top 10...
by PREMA Team | Feb 4, 2025 | Business
The Dubai Financial Services Authority (DFSA) has co-lead a report along with the UK’s Financial Conduct Authority (FCA). The report, on behalf of the Global Financial Innovation Network (GFIN), provides key insights on the use of consumer-facing AI in global...
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