by PREMA Team | Jul 15, 2025 | Business
The FTA confirmed that all seized excise goods have been permanently confiscated, a tax assessment conducted, and fines applied. Federal Tax Authority (FTA) inspectors have seized over 3.5 million unauthorised excise goods from a facility in Dubai, where tobacco...
by PREMA Team | Jul 10, 2025 | Business
Dubai Duty Free has signed a Memorandum of Understanding with Crypto.com to explore enabling cryptocurrency payments and develop collaborative initiatives. The MoU creates opportunities for crypto payments at Dubai Duty Free locations both in-store and online,...
by PREMA Team | Jul 9, 2025 | Business
Business registrations for blockchain technologies in Saudi Arabia surged by 51 percent year-on-year by the end of the second quarter of 2025, according to figures released Tuesday by the Ministry of Commerce. The rise in registered blockchain businesses marks a...
by PREMA Team | Jul 8, 2025 | Business
The UAE is not issuing golden visas to cryptocurrency investors despite claims to the contrary on social media, authorities said. A claim from a blockchain technology company circulated on various social media platforms had suggested crypto investors had the exclusive...
by PREMA Team | Jul 7, 2025 | Business
Qatar’s General Tax Authority (GTA) has successfully granted full exemptions on penalties totalling more than QR900m ($247m) to 4,000 taxpayers since the rollout of its 100 per cent Financial Penalty Exemption Initiative on March 1, 2025. The initiative...
by PREMA Team | Jul 4, 2025 | Business
The UAE and India are developing economic ties as more firms set up in the Middle East. Abdulla bin Touq Al Marri, UAE Minister of Economy and Tourism, welcomed H. D. Kumaraswamy, India’s Minister of Steel and Heavy Industries, and his delegation for a...
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