by PREMA Team | Jun 20, 2025 | Business
The UAE, the Arab world’s second-largest economy, received Dh167 billion ($45.5 billion) in foreign direct investment last year, and the country has its sight firmly set on achieving its aggregate FDI target of Dh1.3 trillion by 2031. The 48 per cent annual FDI rise...
by PREMA Team | Jun 19, 2025 | Business
The UAE has ranked in fifth place in a global competitiveness ranking, outperforming major economies including the US, Sweden, and Germany. The achievement was reviewed at a meeting of the UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice...
by PREMA Team | Jun 18, 2025 | Uncategorized
The Federal Tax Authority (FTA) is urging corporate taxpayers across the UAE to register for corporate tax and file returns within the legal deadline to avoid administrative penalties, under a limited-time waiver introduced by Cabinet Decision. The waiver...
by PREMA Team | Jun 16, 2025 | Business
The UAE’s economy grew by 4 per cent last year, driven by a strong expansion in its non-oil sector as the country continues to diversify. The country’s real gross domestic product reached Dh1.776 trillion ($484.7 billion), the UAE’s Ministry of Economy said in a...
by PREMA Team | Jun 13, 2025 | Business
Qatar’s General Tax Authority (GTA) has extended its Financial Penalty Exemption Initiative, offering 100 per cent exemption from penalties related to delays in tax registration, filing, and payments, until August 31, 2025. To support the initiative and...
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