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Press Dossier   By Date  17/01/2023
Price freeze announced for over 200 essential items at major hypermarket
Aiming to beat global inflation rates and support UAE residents, LuLu Hypermarket has announced a ‘price lock’ campaign on more than 200 products.
What is permanent establishment, and how it attracts tax
Permanent Establishment (PE) is an especially important concept in corporate tax and a key determinant for applying corporate tax.
Half-a-trillion dirhams: Dubai reports record real estate transactions in 2022
Dubai's annual real estate transactions have crossed the milestone of half-a-trillion dirhams for the first time in 2022. The sector witnessed transactions worth a record Dh528 billion in 2022, a 76.5 per cent increase from 2021.
Saudi Arabia to surpass UAE in receiving FDI in 2023: Report
Saudi Arabia is expected to surpass the UAE in receiving foreign direct investment in 2023, for the first time since 2012, as both nations continue to be major beneficiaries of the inflow of funds, a recent industry report showed.
Saudi government raises $5bn in 2022 to become the MENA’s biggest debt issuer
Saudi Arabia’s government was the Middle East and North Africa’s biggest debt issuer in 2022 as it raised $5 billion, according to a report released by global provider of financial market data and infrastructure Refinitiv.
Saudi Arabia’s flynas eyes expansion with new units in two more countries: Report
Saudi Arabian low-coast air carrier flynas is eyeing to expand its global presence by opening new units in two countries, according to a report.
Dubai real estate transactions hit record high in 2022
Dubai recorded real estate transactions worth more than $143 billion in 2022, the official Dubai Media Office said Monday, calling it a “milestone” for the UAE’s main business hub.
Endowment, minors affairs sign protocol
The Public Authority for Minors Affairs has announced that it has signed a cooperation protocol with the Endowment ministry with regard to organizing activities and programs for those under the care of minors’ affairs.
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