by PREMA Team | May 5, 2025 | Business
Kuwait has banned cryptocurrency mining as it looks to regulate the activity and cut down on overloads of electricity network. The Ministry of Interior warned against cryptocurrency mining practices by individuals and entities in Kuwait, which is...
by PREMA Team | May 2, 2025 | Business
Saudi Arabia has urged taxpayers to take advantage of a waiver on fines and penalties before June 30. The Zakat, Tax, and Customs Authority (ZATCA) has called on all taxpayers subject to tax regulations to take advantage of the Cancellation of Fines and Exemption of...
by Danissa Guotana | May 1, 2025 | Business, Corporate Tax
A new initiative by the Ministry of Finance (MoF) and the Federal Tax Authority (FTA) waives administrative penalties for corporate taxpayers and some exempt entities who missed their tax registration deadline. To qualify, they need to file their returns or annual...
by PREMA Team | Apr 29, 2025 | Business
IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and issued by the UAE’s largest bank, FAB (subject to regulatory...
by PREMA Team | Apr 28, 2025 | Business
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, has launched the Dubai AI Academy, a new initiative to mainstream artificial...
by PREMA Team | Apr 25, 2025 | Business
Pay10, a UAE-based Alternative Payment Method (APM) provider, has become the first fintech company to achieve production status on the Central Bank of the UAE’s Open Finance Framework. This development authorises the company to provide payment initiation services,...
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