Browsing Tag
Economy
21 posts
Qatar Chamber Explores Strengthening Trade Ties with Argentina
Qatar Chamber’s Second Vice Chairman, Rashid bin Hamad Al Athba, recently engaged in discussions with H E Ramiro…
UAE’s Economy Experiences One of the Fastest Growth Rates in the World: Central Bank Report
The United Arab Emirates (UAE) has experienced one of the fastest growth rates in the world, according to…
According to the Central Bank, the UAE’s economy has achieved one of the fastest growth rates globally.
Despite the challenges faced by the global economy, the Central Bank of UAE (CBUAE) expects the country's GDP to rebound in 2024
Foreign Investment in the UAE: Driving Economic Growth and Diversification
Foreign investment has been a crucial part of the UAE’s economic growth and development. With a business-friendly environment,…
Adnoc Drilling is set to distribute a dividend of Dh341 million
Abu Dhabi National Oil Company’s (ADNOC) drilling subsidiary, Adnoc Drilling, is set to distribute a dividend of Dh341…
A Bahrain-based utility company is looking to enhance its collaboration with DEWA on sustainability initiatives.
The Electricity Water Authority (EWA) of Bahrain has recently signed a memorandum of understanding (MoU) with the Dubai Electric and Water Authority (DEWA), to collaborate on a range of sustainability initiatives. This includes efforts to promote renewable energy, increase energy efficiency, and reduce carbon emissions.
UAE Businesses Still Have Time To Correct There Incorrect Transaction Entries.
Taxation is a relatively new concept for UAE business owners. The Value Added Tax (VAT), which went into…
UAE GDP to grow 4.3% in 2024.
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.
UAE’s decide on ‘tax residency’.
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.
Dubai New Economy Plan Which Targets 30 unicorns in a decade.
On Wednesday, Dubai unveiled a 32 trillion dirham ($8.7 trillion) economic plan with aims to boost trade and…