by PREMA Team | Jul 3, 2025 | Business
The Abu Dhabi SME Champions Program, led by Khalifa Fund for Enterprise Development, has generated 652 procurement deals worth AED 672 million ($183m) by 2024, marking a major milestone in the UAE’s push to empower small and medium-sized enterprises...
by PREMA Team | Jul 1, 2025 | Business
The UAE’s Securities and Commodities Authority (SCA) on Tuesday allowed licensed portfolio management firms to offer robo-advisory services, marking a strategic step toward establishing a secure digital investment environment in the country. The regulator said it...
by PREMA Team | Jun 30, 2025 | Business
Dubai Municipality on Sunday announced that two engineering consultancy offices have been suspended and barred from licensing any new projects for six months. The suspensions came because the two companies breached regulations, licensing conditions and ethical...
by PREMA Team | Jun 24, 2025 | Business
The new Personal Income Tax Law contributes to the objectives of Oman Vision 2040 by diversifying income sources and reducing reliance on oil revenues. The targets set are 15 per cent of GDP by 2030 and 18 per cent by 2040. The law, issued by Royal Decree No 56/2025...
by PREMA Team | Jun 20, 2025 | Business
The UAE, the Arab world’s second-largest economy, received Dh167 billion ($45.5 billion) in foreign direct investment last year, and the country has its sight firmly set on achieving its aggregate FDI target of Dh1.3 trillion by 2031. The 48 per cent annual FDI rise...
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...
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