by PREMA Team | Feb 11, 2025 | Business
The UAE’s foreign trade reached an unprecedented milestone in 2024, surpassing Dhs3tn for the first time, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, announced today. In a post shared on social media...
by PREMA Team | Feb 10, 2025 | Business
The e-commerce and gifting markets in the Middle East registered significant online orders growth in 2024, with a 7 per cent increase in the UAE and 9 per cent in Saudi Arabia, a market study said. Saudi Arabia, the UAE, and Kuwait were top contributors by...
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...
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