by PREMA Team | Nov 5, 2024 | Business
Lulu Retail has boosted the size of its initial public offering in Abu Dhabi to 30 per cent of its shares, up from 25 per cent, on strong demand and an additional cornerstone investor. The total offering size has been increased to 3,098,671,605 ordinary shares, which...
by PREMA Team | Nov 4, 2024 | Corporate Tax
The Federal Tax Authority (FTA) has urged Resident Juridical Persons with Licenses issued in October and November, irrespective of the year of issuance, to promptly submit their Corporate Tax registration application no later than 30 November 2024. In a press...
by PREMA Team | Nov 1, 2024 | Business
Ras Al Khaimah’s economic activity is thriving as government lures businesses and capital value up 15 per cent. The Department of Economic Development in Ras Al Khaimah has reported substantial growth in economic activity. As of September 2024, the...
by PREMA Team | Oct 29, 2024 | Business
The estimated $1.4 billion LuLu initial public offering (IPO), coming close on the heels of the $375 million Spinneys issue in April this year, is set to trigger a rush for public listing among retailers, especially in the grocery segment, in the Middle...
by PREMA Team | Oct 28, 2024 | Business, Corporate Tax
The UAE has called on relevant taxpayers to submit applications before the end of this month or face fines. The Federal Tax Authority (FTA) has renewed its call for Resident Juridical Persons with licenses issued in August and September,...
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