by PREMA Team | Jan 17, 2025 | Business
As cryptocurrencies gain popularity, the UAE Federal Tax Authority (FTA) has clarified how Value Added Tax (VAT) applies to crypto mining. Here’s a simple guide to help you understand what this means for miners and businesses in the UAE. What is Crypto Mining?...
by PREMA Team | Jan 16, 2025 | Business
A Dubai free zone and real estate developer will create a Crypto Tower to develop AI and blockchain businesses. The stunning Jumeirah Lakes Towers (JLT) project will include state-of-the-art crypto and AI facilities as well as a gold bullion shop, NFT gallery, car...
by PREMA Team | Jan 15, 2025 | Business
The Abu Dhabi real estate sector demonstrated a moderate performance in 2024, with 14,662 transactions valued at AED47.92bn ($13bn) the market grew by 4 per cent in terms of volume, according to Property Finder data. Residential properties represented 66 per...
by PREMA Team | Jan 13, 2025 | VAT
Abu Dhabi: The Ministry of Finance announced on Friday that it is expanding the application of the reverse charge mechanism to include precious metals and stones among VAT-registered businesses in the UAE. The Ministry announced the issuance of Cabinet Decision No....
by PREMA Team | Jan 10, 2025 | Business
The United Arab Emirates and Saudi Arabia are preparing for another blockbuster year of initial public offerings in 2025, experts told Arabian Business. This comes as the Gulf region’s two largest economies build on a year that saw Saudi Arabia list 57 companies while...
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