by PREMA Team | Aug 9, 2024 | Business
Dubai’s off-plan property sector has seen a significant increase in transactions, accounting for 60 percent of total property deals in July 2024, up from 49 percent in July 2023. This growth comes as the city welcomed 9 million visitors in the first...
by PREMA Team | Jul 30, 2024 | Business
The UAE’s gaming authority awarded the licence to operate the first authorised lottery in the country on Sunday. The licence was given to Abu Dhabi-based The Game LLC, a commercial gaming operator specialising in game development, lottery operations, and...
by PREMA Team | Jul 26, 2024 | Corporate Tax
Overview In the UAE, corporate tax is regulated by Federal Decree-Law No. 47 of 2022, also known as the Corporate Tax Law. This law outlines how taxable income should be calculated, including transactions between related parties, which must meet the arm’s length...
by PREMA Team | Jul 22, 2024 | Business
Gulf IPOs raised $3.6bn in the first half of 2024, according to Kuwait Financial Centre “Markaz”. In a research report titled “Initial Public Offerings (IPO) in the GCC markets”, it noted the region has seen 23 offerings during the first six months of 2024. It...
by PREMA Team | Jul 19, 2024 | Business
Dubai International Financial Centre (DIFC) on Monday enacted a new legislation on how private companies can be established at the international financial hub. DIFC said in a statement that it is enacting amendments to the ‘Prescribed Company’...
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