by PREMA Team | Jun 19, 2025 | Business
The UAE has ranked in fifth place in a global competitiveness ranking, outperforming major economies including the US, Sweden, and Germany. The achievement was reviewed at a meeting of the UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice...
by PREMA Team | Jun 16, 2025 | Business
The UAE’s economy grew by 4 per cent last year, driven by a strong expansion in its non-oil sector as the country continues to diversify. The country’s real gross domestic product reached Dh1.776 trillion ($484.7 billion), the UAE’s Ministry of Economy said in a...
by PREMA Team | Jun 13, 2025 | Business
Qatar’s General Tax Authority (GTA) has extended its Financial Penalty Exemption Initiative, offering 100 per cent exemption from penalties related to delays in tax registration, filing, and payments, until August 31, 2025. To support the initiative and...
by PREMA Team | Jun 12, 2025 | Business
The Dubai Land Department (DLD) revealed that the second tokenised property on the PRYPCO Mint platform sold out in one minute and 58 seconds — setting a new record for digital property investment in the emirate. The project attracted 149 investors from 35 different...
by PREMA Team | Jun 10, 2025 | Business
RIYADH, June 9 (Reuters) – Saudi Arabia’s economy grew by more than expected in the first quarter of 2025, according to government data estimates, with lower oil prices impacting the economy less than previously forecast. First-quarter GDP grew by 3.4%...
by PREMA Team | Jun 9, 2025 | Business
usinesses in the UAE remain highly confident in their international trade prospects, with 94 per cent saying they expect to grow cross-border trade in the near future, according to HSBC’s 2025 Global Trade Pulse Survey. Despite ongoing uncertainty and cost headwinds...
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