Corporate tax registration for businesses in the UAE’s gold trading industry is an important step toward improving transparency and preventing financial crimes such as money laundering and fraud.
The acquisition of Arabian Scandinavian Insurance Co. (ASIC) by Sukoon Insurance is a strategic move that will enable the Dubai-based insurance provider to expand its offerings and strengthen its position in the local market.
Branded residences are increasingly in demand in Dubai, as developers partner with luxury brands to create unique and distinctive properties. These developments offer buyers the benefit of leveraging the brand’s reputation and expertise, as well as increased rental yields and capital appreciation.
The UAE duty-free market is set to experience a surge in sales over the next four years, with travelers from India, China, and the UK projected to drive much of this growth.
Retailers in the United Arab Emirates (UAE) are investing heavily in their digital capabilities to meet the growing demand for online shopping.
This year, retailers across the MENA region are gearing up for a successful festive season, launching special promotions and discounts to attract customers.
Ski Dubai is an indoor ski resort located in the Mall of the Emirates in Dubai, United Arab Emirates. The resort opened in 2005 and has become a popular attraction for tourists and locals alike. Spanning over an area of 22,500 square meters, Ski Dubai offers a unique skiing experience in the middle of the […]
GASTAT, the Kingdom of Saudi Arabia’s General Authority for Statistics recently reported that inflation in the country declined by 0.4% in March 2021, compared to the previous month – providing some welcome relief for consumers who have been struggling with rising prices in recent months.
The report notes that foreign investment in Saudi Arabia is expected to continue to grow over the next few years, driven by several factors, including the implementation of structural reforms, the expansion of the non-oil sector, and the development of new infrastructure.
The International Monetary Fund report notes that the Saudi Arabian economy is expected to grow by 2.1% in 2021 and 4.8% in 2022, driven by increased government spending, a recovery in the non-oil sector, and the implementation of structural reforms.
