Negative impacts of 2014 oil crisis were seen in all the oil-based economies especially those located in the Middle East. This situation forced these affected countries to think something out of the box and take few special measures according to the gravity of this alarming situation. UAE was on the top of this initiative as…
The efforts to convert economy of UAE from oil-based to knowledge-based started after the recent oil crisis of 2014. But this strategy is not new for the emirate of Dubai. Dubai’s focus was always on strengthening of its economy through business, tourism and other activities related to knowledge and modern technology. It is the reason…
Everyone is aware about the diligence, forward looking and sincerity of rulers of UAE for prosperity of their citizens and foreign workers and growth of economic activities in the country. For this purpose, the government of Dubai and its various departments measure the performance of various sectors and make changes according to situation. We have…
An important feature that makes Dubai one of the most ideal places for businesses is the presence of large number of free zones in the emirate. Most of these free zones cater requirements for specific types of sectors or industries in order to provide facilities to companies in various fields. Dubai has always been a…
The government of UAE is evaluating effects of VAT (value added tax) on various sectors and industries since implementation of this tax from January 01, 2018. The progress report of different sectors show mixed results. Few sectors suffer badly after implementation of VAT while others attained steady growth. The government also takes action to reduce…
Exhibitions are an important way for companies and individuals to promote their business, products and services in front of large number of interested people. Not only new companies but even well established businesses adopt this opportunity to raise their business prospects in any country. Therefore, it is important for any country to boost prospects of…
