Qatar Chamber’s Second Vice Chairman, Rashid bin Hamad Al Athba, recently engaged in discussions with H E Ramiro Ordoqui, Undersecretary for Multilateral and Bilateral Economic Negotiation at the Ministry of Foreign Affairs and International Trade in the Republic of Argentina. The meeting, also graced by the presence of H E Guillermo Nicolas, the Ambassador of […]
The United Arab Emirates (UAE) has experienced one of the fastest growth rates in the world, according to the Central Bank of the UAE. In a recent report, the Central Bank revealed that the country’s economy grew by 5.2% in 2021, despite the challenges posed by the COVID-19 pandemic. The UAE has been making steady […]
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 has been a crucial part of the UAE’s economic growth and development. With a business-friendly environment, strategic location, and diverse economy, the UAE has become a popular destination for foreign investment in recent years. One of the key factors that make the UAE attractive to foreign investors is its favorable business environment. The […]
Abu Dhabi National Oil Company’s (ADNOC) drilling subsidiary, Adnoc Drilling, is set to distribute a dividend of Dh341 million. The dividend payout comes after Adnoc Drilling’s successful initial public offering (IPO) last year, which was the largest in the Middle East since 2014. The dividend payment is a reflection of Drillings’ strong performance over the […]
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.
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 […]
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.
