In a historic moment, Louisiana State University (LSU) clinched their first-ever women’s NCAA basketball title by defeating Iowa with a score of 102-85 in Dallas on Sunday, April 2. The game was a nail-biting affair, with both teams putting up a tough fight, but the Tigers emerged as victorious in the end. Jasmine Carson was […]
The UAE has experienced substantial economic growth. Government policies, investment levels, changes in global economic conditions, and a variety of other factors can all have an impact on GDP growth. It’s also worth mentioning that economic forecasts are frequently subject to adjustment when new data becomes available, and actual results may differ from expectations.
The resolution clarifies certain rules set out for natural persons and legal persons residing in the Emirates. It lays down rules which determine as to when a person, whether natural or legal, may be considered as a tax resident in the UAE. The rules have been framed in consonance with internationally recognized standards and are set to come in force from March 1, 2023.
On Wednesday, Dubai unveiled a 32 trillion dirham ($8.7 trillion) economic plan with aims to boost trade and investments over the next decade as it seeks to double the size of the emirate’s economy. The new agenda, also known as D33, comprises up to 100 transformative projects in Dubai as the government strives to rank […]
Dubai’s Department of Economy and Tourism has established three subsidiaries in order to expand the business. The new organizations will make doing business in the city easier and will attract international investment to the UAE. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of Dubai, enacted new legislation to start the new businesses.
Due to its favorable tax policies, rich culture, and growing economic climate, Dubai was already a popular relocation destination. Dubai has drawn a large number of expats from all over the world, particularly from the Middle East, South Asia, and Africa.
Dubai is seeing an increase in the number of luxury branded properties. With over 70,000 millionaires, the UAE is expected to see a 22% increase in high-net-worth families by 2027. According to the most recent wealth report by New World Wealth, the United Arab Emirates (UAE) is home to more than 70,000 millionaires.
TikTok, the social media app that has taken the world by storm, has come under scrutiny in recent months due to its controversial ownership and its culpability in the spread of misinformation about the COVID-19 pandemic, the war in Ukraine, and other important topics. As a result, several universities in the United States have already […]
According to UAE Minister of Economy Abdullah bin Touq Al Marri, the UAE’s GDP would grow by 7.6 percent in 2022, more than double the expected 3 to 4% growth. “When the Central Bank (of the UAE) and all of the country’s financial institutions declared in March last year that the UAE’s GDP would rise at a rate of 3 to 4%. Now, and this has yet to be reported, we are looking at a (growth rate of) 7.6 percent,” Al Marri added.
Dubai’s ambitious aim to double its economy in the next decade underscores the emirate’s ongoing commitment to economic growth and development. To encourage innovation and generate new opportunities for businesses and individuals, the strategy calls for investments in important sectors such as tourism, trade, logistics, and technology.
