by PREMA Team | Jul 17, 2024 | Business
The Abu Dhabi Chamber of Commerce and Industry launched its new strategic initiative ‘Gateway to the World’, aimed at expanding its global network. The move is expected to create new opportunities for local businesses to expand globally and attract more...
by PREMA Team | Jul 17, 2024 | Business
The Dubai real estate sector recorded more than AED12.9bn ($3.5bn) of transactions last week, according to data from the Land Department. Sales dominated the figures, with AED10.43bn ($2.8bn), according to Land Department data. In total there were 2,928...
by PREMA Team | Jul 12, 2024 | Business
The UAE has introduced new competition laws to regulate businesses and ensure safe and anti-monopoly business practises in the country. The new laws will ban selling products and services for very low prices in an attempt to drive other firms out of business. The UAE...
by PREMA Team | Jul 9, 2024 | Business
As a part of its mandate to regulate digital payment services, the Central Bank of the UAE (CBUAE) recently announced a new licensing regime for stablecoins. Chainalysis data reveals that globally, fiat purchases of stablecoins reached $40 billion in March 2024 alone....
by PREMA Team | Jul 1, 2024 | Business
Muscat – Majlis A’Shura approved the draft law on Personal Income Tax and forwarded it to the State Council on Thursday completing the legislative cycle of the bill. This was unveiled at the 12th regular session of the shura’s first annual convening of 2023-2024. The...
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