At the time of implementation of VAT (value added tax) in UAE, the tax was levied on almost all the goods and services in order to increase tax net. But with the passage of time, the govt. is taking a close look at the impact of VAT on different sectors and examining that whether the…
The swift and wise steps taken at the right time by rulers of UAE have helped the country to keep its economy stable even in difficult times. All the countries in the Gulf region suffered after 2014 oil crisis but the only country that was able to revive its economy to its previous level in…
The idea of a knowledge-based economy mainly emerged in UAE after the oil crisis in 2014. But it is not a new concept as far as the emirate of Dubai is concerned. The most modern emirate of UAE was already focused on building a foundation of its economy on knowledge and modern technology for the…
The Gulf region is especially known for the abundance of oil and gas resources. The region is fulfilling most of the fossil fuels requirements of the world since past several decades. Due to this factor, the countries in the area were freely using these fossil fuels for their own energy requirements as it was available…
It is an established fact that knowledge and education play most important role in the progress of any country. If a country wants to achieve maximum prosperity and happiness, then the key is the progress in right type of education. Dubai is behind other developed western countries in latest educational fields. But the rulers of…
The new economic strategy of UAE is based on knowledge, education and modern technology. It is the main factor that dominates the policy of the government of UAE for economic growth. In contrast to most of the other regimes in the world, the government of UAE is known for taking rapid and solid steps for…
