Continuous low oil prices in international market forced UAE and other Gulf countries to change their strategy and replace the oil based economy by focusing on other sectors. UAE remained pioneer in this matter as it was already leading the region in tourism, business and other non-oil sectors. UAE was also quick to change the…
Value Added Tax (VAT) in UAE has a wide scope and it covers almost every sector of the country’s economy. Although the tax is very small (just 5%) but many businesses are affected by this tax and they are feeling somewhat pressurized. But not every segment, is facing the problem of this newly implemented tax…
Different reports and indexes by reliable international organizations have approved the improvement of business opportunities and overall wellbeing of the people of UAE in recent past. Now it is also known through a latest report that the people (both citizens and expats) in UAE are one of the happiest residents in the world while the…
Like all the other Gulf nations, the overall economic prosperity and growth of UAE in the past was primarily based on its oil & gas sector. Apart from Dubai, all the other six emirates of the country were relying heavily on the energy sector. Dubai is the only emirate that was forced to utilize other…
Muslims constitutes around 20% of total world’s population with more than 1 billion adherents. It is estimated that their population share will increase up to 25% of world population by 2030. This huge population has its own specific dietary requirements (consumption of halal food) that form a huge food market. Interestingly, this huge Halal market…
Recently, the UAE government has taken several steps to assist various big and small businesses for growth of their economic activities. These steps will play important role in the overall progress of business activities of the country. But no business activity can survive for longer without the implementation of necessary rules and regulations and UAE…