A new era has started in UAE and Saudi Arabia on 1st January 2018 with the implementation of value added tax (VAT). It is the first time that such tax was implemented in the Gulf region. There was much concern and anxiety among masses after the announcement of tax last year as people were not…
Fujairah is one of the seven emirates of UAE. The geographical location of Fujairah makes it a unique one different from all other emirates. Fujairah is the only emirate present exclusively along the Gulf of Oman. All the other emirates are either located around Persian (or Arabian) Gulf or have access to both Persian Gulf…
Sharjah is the only emirate in UAE that has access to both west and east coast of Persian (or Arabian) Gulf. This strategic location is quite helpful for the most important northern emirate and it is using it for financial gain. Around 40% of industries in the UAE are located in Sharjah while it was…
Free zone is an important aspect of UAE and all the 7 emirates are trying to make full use of these free zones for their economic growth. One of the most important free zones is UAE is Ras al Khaimah Free Trade Zone (RAK FTZ). The specific free zone was established in 2000. Recently RAK…
Dining out is an important feature of Emirati lifestyle. It is more prominent in big cities like Dubai, Abu Dhabi and Sharjah where large numbers of foreigners are residing and food items from various parts of the world is served in restaurants. It is the reason that hotel and restaurant business is growing steadily in…
Just a week is left in the enforcement of value added tax (VAT) in UAE but things are yet not completely cleared for most of the common people. There are still questions about application of VAT on various goods and services and the authorities are trying to simplify the situation as much as possible. One…
