The Dubai International Financial Centre (DIFC) Courts has announced the launch of a new Mediation Service Centre and a Notary Service aimed at enhancing legal and business support across the UAE. The move follows the introduction of Dubai Law No. (2) earlier this year, signed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, which…
The Organisation for Economic Co-operation and Development (OECD) has confirmed that the UAE’s Domestic Minimum Top-Up Tax (DMTT), set at 15% for large multinational companies, has achieved transitional qualified status. The decision, announced on August 25, 2025, provides greater certainty for businesses operating in the Emirates and shields them from additional foreign tax burdens. The…
Dubai Maritime Authority (DMA), part of the Ports, Customs and Free Zone Corporation (PCFC), has started a new service that makes it easier for tourists to enjoy boating in Dubai. Visitors who already have licenses from countries that are members of the International Maritime Organization (IMO),such as the GCC, Europe, the United States, and other…
The Central Bank of the UAE (CBUAE) has suspended the licence of YAS Takaful PJSC under Article 33(2)(k) of Federal Decree Law No. (48) of 2023 Regulating Insurance Activities. The decision came after the company failed to meet the required regulatory standards for insurance providers in the country. Existing policyholders will remain covered under contracts…
IFZA has officially launched its first Free Zone in Panama City, marking an important step in its global expansion strategy. The licence granted by the Government of Panama allows IFZA to introduce its Dubai-based business model to Latin America and support international companies looking to tap into new markets. Key Points The Free Zone connects…
Dubai Multi Commodities Centre (DMCC) added over 1,100 new companies in the first half of 2025, lifting its membership close to 26,000. The surge was fuelled by new Special Purpose Vehicle (SPV) and Holding Company licences, along with strong foreign direct investment (FDI) flows. The UK, Türkiye, and China led growth, with UK companies rising…
The UAE’s Ministry of Foreign Affairs has launched the Emirati Traveller Services Card, a new digital service to support Emiratis during international travel. The card is now available at Zayed International Airport in Abu Dhabi and Dubai International Airport. Key Points – Emirati Traveller Services Card Launched by: UAE’s Ministry of Foreign Affairs Purpose: To…
The UAE and Moldova signed a landmark Memorandum of Understanding (MoU) on Monday, confirming the mutual exemption of entry visas for citizens of both countries. The agreement was finalized during a high-level diplomatic meeting in Abu Dhabi between Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Mihai…
The U.S. Department of State has issued a significant change to its policy on visas, confirming that with effect from September 2, 2025, the majority of applicants for non immigrant visas will need to have an in-person interview at a U.S. embassy or consulate. This change is universal, including applicants from the UAE, and lifts…
The UAE government has made it clear that all businesses in the country must register for corporate tax by July 31, 2025. If they don’t, they could face a fine of AED 10,000 from the Federal Tax Authority (FTA). This applies to all kinds of businesses, including: Mainland companies Free zone businesses Sole proprietors Even…
The United Arab Emirates has officially implemented a visa waiver for Pakistani diplomatic and official passport holders at all entry points, effective July 25, 2025. The move follows a bilateral agreement between both countries aimed at strengthening diplomatic ties and easing travel for government officials. The announcement was made by Pakistan’s Deputy Prime Minister and…
Abu Dhabi: The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has officially launched an 8-step process that allows property owners in the UAE to secure the 10-year Golden Visa without the need for a local sponsor. The announcement, released on the ICP’s portal and widely reported on July 27, 2025, outlines a…
The Dubai Land Department (DLD) has signed a memorandum of cooperation with Masdar City, granting companies operating within its free zones the right to purchase property in designated freehold areas across Dubai. This landmark agreement allows Masdar City-licensed businesses—previously limited in their ability to own property within the emirate—to now invest directly in Dubai’s real…
Dubai has officially launched the “One Freezone Passport,” a strategic initiative enabling businesses to operate across free zones in the emirate under a single license, reinforcing its global standing as a leading investment destination. The Dubai Free Zones Council (DFZC) confirmed on Tuesday that this streamlined licensing framework allows companies licensed in one free zone…
The UAE tax authority may soon allow companies to keep their VAT number even after changing their business type. This change could remove delays, reduce costs, and help more businesses grow without tax confusion. Right now, businesses converting from sole owners or branches to new companies must cancel their VAT and apply again — even…
In a key legislative update, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai and Vice President and Prime Minister of the UAE, has issued Law No. (9) of 2025, revising ten key articles of the 2021 Dubai Conciliation Law. The new amendments are part of the emirate’s broader efforts to modernize its…
The Abu Dhabi Chamber of Commerce and Industry has started a new program to support small businesses in Al Ain. The goal is to understand their needs better and help them grow. What’s Happening? The Chamber’s team visited local businesses in retail, tourism, and agriculture. They talked to business owners to learn about their daily…
Ras Al Khaimah Economic Zone (RAKEZ) has announced a 50% discount on its Value-Added Services (VAS) bundle, slashing the price from AED 7,198 to just AED 3,599. The offer is valid until 31 July 2025 and is aimed at supporting startups, entrepreneurs, and SMEs with essential business setup services. What’s Included in the VAS Bundle?…
Dubai Chamber of Commerce, in partnership with the UAE Ministry of Foreign Trade, conducted a high-level workshop to underscore the growing significance of Comprehensive Economic Partnership Agreements (CEPAs) in enhancing the nation’s service exports. The session convened key stakeholders from Business Groups focused on service sectors, reaffirming Dubai’s strategic role in global trade. The initiative…
UAE residents planning to travel to the United States will now pay an additional $250 or more for their nonimmigrant visa applications. The change comes after US President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, 2025, introducing a mandatory Visa Integrity Fee aimed at bolstering immigration compliance. Key…
Dubai Maritime Authority (DMA) has officially announced a new regulation requiring all marine vessels operating in Dubai’s territorial waters to properly display their Hull Identification Number (HIN). This rule, effective immediately, is essential for vessel registration,vessel licensing, and renewal procedures. Key Facts Who’s affected: Vessel manufacturers, owners, operators, and importers What’s new: Mandatory visible display…
The UAE government has officially clarified that Golden Visas are not available to cryptocurrency investors. In a joint statement released by the Federal Authority for Identity and Citizenship (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA), it was confirmed that investing in digital currencies does not meet the eligibility…
Ras Al Khaimah Economic Zone (RAKEZ) has officially signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), marking a strategic step to simplify banking for investors and accelerate business growth across the UAE. The partnership enables RAKEZ clients, including startups and SMEs, to open business bank accounts seamlessly while accessing tailored Sharia-compliant…
The UAE has officially expanded its Golden Visa program to prioritize individuals in Artificial Intelligence (AI), climate tech, and related innovation sectors, shifting away from its earlier focus on capital-based residency. “The UAE is now scouting for global talent that adds real economic value—not just capital,” said Gaurav Keswani, managing director of JSB Advisory. Dubai’s…
Sharjah Islamic Bank (SIB) has officially launched its “Millionaire Draw” campaign, starting July 1, 2025, to encourage sustainable saving habits across the UAE. The initiative offers generous monthly and seasonal prizes, including cash rewards up to AED 20 million and BMW luxury cars, to both new and existing savings account holders. Key Facts Campaign Start…
The Federal Tax Authority (FTA) has issued a strong appeal to corporate taxpayers who are yet to register for corporate tax, encouraging them to take advantage of the administrative penalty waiver initiative currently in place. Key Highlights of the Penalty Waiver Initiative Who It Applies To: Unregistered corporate taxpayers and certain exempt entities required to…
The Gulf Cooperation Council (GCC) has officially approved a Schengen-style unified tourist visa, paving the way for seamless travel across all six GCC member states. Implementation is expected “soon,” according to UAE Minister of Economy Abdulla bin Touq Al Marri. “The single [GCC] tourist visa has been approved and is now awaiting implementation. It’s with…
The United Arab Emirates (UAE) has confirmed that its residents will be able to travel to Armenia without a visa starting July 1, 2025. This new move is expected to boost tourism and make travel easier between the two countries. Previously, only UAE citizens could enter Armenia without a visa. UAE residents needed a visa…
The United Arab Emirates has announced the launch of the world’s first Machine Economy Free Zone (MEFZ), setting a new global benchmark for AI, robotics, and blockchain integration. The initiative is led by PEAQ, a blockchain platform built for the Machine Economy, in partnership with Pulsar Group, an Emirati venture builder focused on emerging technologies.…
Ras Al Khaimah Economic Zone (RAKEZ), a rapidly growing business and industrial hub in the UAE, will participate in the fifth edition of Big 5 Construct Egypt, taking place from June 17 to 19, 2025, at the Egypt International Exhibition Center (EIEC) in Cairo. The event, recognized as Egypt’s largest construction industry expo, attracts professionals…
The UAE’s Federal Tax Authority (FTA) has started issuing refunds to businesses penalized for missing corporate tax registration deadlines, providing welcome relief, especially for small and medium enterprises (SMEs). These refunds follow the FTA’s May 2025 announcement offering an automatic waiver or refund of the AED 10,000 late registration penalty, provided businesses submit their corporate…
The Ministry of Industry and Advanced Technology (MoIAT) has signed two pivotal Memorandums of Understanding (MoUs) aimed at accelerating the UAE’s industrial and economic development. The agreements were formalized during the fourth edition of the “Make it in the Emirates” forum held at the Abu Dhabi National Exhibition Centre. The first MoU was signed between…
In a pioneering move to enhance investor protection and strengthen digital financial regulation, the United Arab Emirates has officially introduced a ‘finfluencer licence.’ Announced by the Securities and Commodities Authority (SCA) on May 28, 2025, the new licence mandates that all individuals sharing financial or investment advice through digital or traditional media must now be…
In a significant move to bolster economic relations, the United Arab Emirates and the Sultanate of Oman have signed an agreement to develop the Al Rawdah Special Economic Zone (SEZ) in Al Buraimi Governorate. The signing ceremony was attended by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, during his official…
Dubai Maritime Authority (DMA), under the Ports, Customs and Free Zone Corporation, has officially launched a Remote Technical Inspection Service aimed at simplifying the renewal process for marine vessel licenses. Announced on May 21, 2025, the service caters to pleasure marine vessels up to 12 meters, water sports crafts, and visiting foreign vessels — allowing…
The UAE Ministry of Finance has issued Cabinet Decision No. 35 of 2025 on April 6, outlining the rules for determining when a non-resident juridical person has a taxable nexus in the UAE. The regulation updates and replaces Cabinet Decision No. 56 of 2023 under the framework of Federal Decree-Law No. 47 of 2022 on…
In a significant step toward promoting environmental innovation and sustainability, the United Arab Emirates has introduced a multiple-entry permit for foreigners applying for the prestigious Blue Residency Visa. This new initiative enables eligible individuals to stay in the UAE for up to 180 days to complete the required procedures for securing the 10-year residency. What…
In a strategic move to bolster its position as a global talent hub, the United Arab Emirates has officially added seven new professional categories to its Golden Visa program. The long-term 10-year residency initiative, which allows individuals to live, work, and study in the UAE without the need for a sponsor or employer, now welcomes…
In a significant move to honor healthcare professionals, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has announced the issuance of Golden Visas to nurses employed with Dubai Health who have served for more than 15 years. The announcement was made on May 12, 2025, aligning with International Nurses Day and…
In a major relief for businesses, the United Arab Emirates’ Federal Tax Authority (FTA) has started implementing a new Cabinet Decision to waive administrative penalties for companies that failed to register for corporate tax on time—provided they meet certain conditions. This move is designed to support voluntary compliance and simplify the country’s evolving tax system.…
Dubai Multi Commodities Centre (DMCC), the UAE’s premier free zone and global trade hub, has introduced two new license categories—Special Purpose Vehicle (SPV) and Holding Company licenses—designed to provide businesses with more agile and cost-effective structuring options. Announced on May 5, 2025, the new offerings enable investors and companies to manage assets, oversee regional operations,…
In a major initiative to strengthen the future of family-owned enterprises, the Dubai Department of Economy and Tourism (DET), in partnership with the Dubai Centre for Family Businesses under Dubai Chambers, has officially launched a comprehensive guide titled Family Businesses in the Emirate of Dubai: A Guidebook. Unveiled during the opening session of the Centre’s…
In a landmark move to ease the financial burden on businesses, the UAE Ministry of Finance (MoF) and the Federal Tax Authority (FTA) have announced the waiver of administrative fines for companies that failed to register for corporate tax on time. This temporary relief is part of a broader initiative to support smooth onboarding during…
Employees working in Dubai under a probationary period have the legal right to resign, but specific procedures govern how the process must be handled — particularly regarding visa and recruitment costs. Key Rules for Resignation During Probation According to the Federal Decree Law No. 33 of 2021 on the Regulation of Employment Relations, employees are…
In a landmark move set to transform digital finance, three leading UAE entities — International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) — have announced the launch of a new stablecoin backed by the UAE dirham. The initiative, revealed on Monday through a joint statement on the Abu Dhabi Securities Exchange, will…
UAE residents facing visa cancellation can breathe a sigh of relief regarding their banking needs. Legal experts have clarified that the cancellation of a residency visa does not automatically freeze or close a resident’s bank account, as long as the account remains active and the customer maintains regular communication with the bank. Ashish Mehta, founder…
Businesses managing the distribution of goods within or through UAE’s designated free zones can soon expect clearer regulations on how corporate tax applies to them. In a move that underscores the country’s ongoing commitment to transparency and a business-friendly environment, the Federal Tax Authority (FTA) will introduce updated guidelines to help these companies better understand…
The United Arab Emirates is taking a bold leap in digital transformation by launching a state-of-the-art biometric identification system that will replace physical Emirates ID cards within the next year. The move, spearheaded by the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP), aims to revolutionize identity verification across essential sectors including banking,…
A significant shift in the UK’s tax landscape is expected in May 2025, prompting an increasing number of high-income earners to consider relocating to jurisdictions with more favorable tax regimes—most notably, the United Arab Emirates (UAE). Key Changes in the UK Tax Policy Starting in May 2025, the UK government will implement a series of…
The Central Bank of the United Arab Emirates (CBUAE) has officially introduced a new symbol for the national currency, the Dirham, in both physical and digital formats. The initiative is aligned with the UAE’s broader digital economy vision and coincides with the country’s recent adoption of the FX Global Code, making it the first central…
In a significant update for travel and diplomatic relations, Pakistani citizens are now eligible for a five-year multiple-entry tourist visa to the United Arab Emirates (UAE). The development was confirmed by UAE Ambassador to Pakistan, Hamad Obaid Ibrahim Salem Al Zaabi, during a meeting with Sindh Governor Kamran Khan Tessori at the Governor’s House in…
In a move to enhance legal awareness and compliance among businesses operating in the UAE, Dubai Chambers has successfully wrapped up a comprehensive round of eight focused workshops that tackled crucial regulatory themes shaping today’s business climate. With more than 260 representatives from the private sector in attendance, the sessions delivered actionable guidance across corporate…
A key meeting between the Ajman Chamber of Commerce and Industry and the UAE Ministry of Economy (MoE) has laid the groundwork for improved export services, with a focus on simplifying the process for issuing certificates of origin. The session took place at the Thara Centre for Entrepreneurship and is part of the national “Zero…
Dubai has introduced a pivotal regulation allowing businesses operating within free zones to expand into the mainland, making Company Formation in the UAE more flexible and accessible. This groundbreaking move, sanctioned by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, grants free zone enterprises—except financial institutions regulated under the Dubai International…
The UAE government has introduced a comprehensive set of regulatory changes aimed at refining the legal profession and consultancy sector. The updated framework establishes clearer guidelines for legal operations, governance, and international collaboration, ensuring higher transparency and efficiency across the industry. Major Legal Reforms and Key Updates The newly enacted regulations provide a structured approach…
In a significant move towards enhancing the UAE’s financial ecosystem, Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE), has announced a strategic partnership with Visa. The collaboration introduces Jaywan-Visa debit and prepaid cards, reinforcing the nation’s commitment to digital transformation and financial accessibility. Revolutionizing Payment Systems in the UAE The…
Dubai has launched the International Sports and Entertainment Zone (ISEZA), a groundbreaking initiative within the Dubai World Trade Centre (DWTC) Free Zone. This industry-specific free zone is set to transform the sports and entertainment sector by providing specialized business licensing, operational support, and a dynamic ecosystem for companies looking to expand in Dubai. A Dedicated…
Small and medium-sized enterprises (SMEs) are increasingly expanding into global markets, yet cross-border transactions pose significant challenges, including high costs, compliance complexities, and security risks. Fintech innovations like WorldFirst are transforming international business by streamlining payments and offering secure, cost-effective digital financial solutions. Simplifying International Payments for SMEs WorldFirst, a leading cross-border payment service provider,…
The Abu Dhabi Judicial Department (ADJD) recently hosted a high-profile international forum addressing legal strategies to fortify national industries and safeguard consumer rights. Titled Advancing National Industry and Strengthening Consumer Protection Laws, the event brought together over 300 legal professionals and industry experts to discuss pressing challenges in market regulation and commercial fraud prevention. Forum…
The UAE has taken a major step in strengthening its education sector by granting long-term Golden Visas to 16,456 outstanding students, university graduates, and educational professionals. The Federal Authority for Identity and Citizenship, Customs, and Port Security (ICP) announced the initiative on Emirati Education Day, observed annually on February 28. Expanding Opportunities for Academic Excellence…
Volunteering is not only a noble act but also a gateway to securing a UAE Golden Visa. With a range of platforms dedicated to community service and humanitarian initiatives, individuals can actively contribute while fulfilling the requirements for long-term residency. Top Volunteering Platforms in the UAE Volunteers.ae The UAE’s official volunteering portal allows individuals, teams,…
The United Arab Emirates (UAE) has broadened its visa waiver programme for Indian passport holders, making travel easier for families and business visitors. Effective February 13, 2025, Indian nationals holding valid residence permits, visas, or green cards from six additional countries—Australia, Canada, Japan, New Zealand, Singapore, and South Korea—can now obtain a visa-on-arrival in the…
Residents of Dubai can now renew their visas in record time, thanks to the newly launched Salama platform by the General Directorate of Residency and Foreigners Affairs (GDRFA). This AI-powered digital system streamlines the renewal process, cutting down waiting periods and eliminating paperwork. The innovative platform allows users to renew their residency visas within a…
In a significant move to bolster its maritime sector, the General Directorate of Residency and Foreigners Affairs (GDRFA) has launched a six-month multiple-entry visa exclusively for yacht crew members. This initiative, announced at the Dubai International Boat Show, aims to simplify travel logistics for professionals in the yachting industry. According to the GDRFA, the visa…
The United Arab Emirates (UAE) has launched the Business Opportunities Visa, designed to attract entrepreneurs, investors, and skilled professionals from around the world. This initiative, introduced by the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP), aims to boost foreign investments and drive economic growth, reinforcing the UAE’s status as a global business…
Sharjah, UAE – In a strategic move to bolster security protocols and streamline investor services, the Sharjah Airport International Free Zone Authority (SAIF Zone) and the Hamriyah Free Zone Authority (HFZA) have engaged in discussions with the Sharjah General Directorate of Civil Defence. This collaboration aims to align safety measures with global best practices, ensuring…
Dubai has introduced a new Golden Visa for superyacht owners, offering them long-term residency and exclusive benefits. Announced by the General Directorate of Residency and Foreigners Affairs (GDRFA) on February 17, 2025, this initiative aligns with the city’s ongoing efforts to attract high-net-worth individuals (HNWIs) and bolster its status as a global leader in luxury…
Abu Dhabi has introduced a fresh set of regulations for the establishment and operation of endowment companies in the emirate. This new framework, announced on February 17, 2025, is a collaborative effort between the Abu Dhabi Department of Economic Development (ADDED) and the Endowments and Minors’ Funds Management Authority (Awqaf Abu Dhabi). The regulations aim…
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has signed a new law introducing a 20% corporate tax on businesses involved in extractive and non-extractive natural resources. The initiative aims to strengthen fiscal management and ensure compliance within the emirate’s resource sectors. Extractive companies engaged in oil,…
The Abu Dhabi Department of Economic Development (ADDED) has introduced a strategic policy allowing businesses from other UAE emirates to set up in Abu Dhabi Mainland without the requirement of a physical office for the first year. This initiative aims to attract more investment, reduce setup costs, and foster a seamless business environment in the…
The International Free Zone Authority (IFZA) has partnered with RAKBANK to provide custom banking solutions for businesses in the UAE. This strategic collaboration aims to simplify financial management for entrepreneurs, startups, and international companies operating in the UAE. The official announcement took place at IFZA’s Dubai headquarters, where top executives from both organizations gathered to…
We do not offer blue visa services for UAE citizens. This blog is for informational purposes only. Please refrain from contacting us regarding visa assistance! The United Arab Emirates (UAE) has taken a groundbreaking step in environmental sustainability by introducing the Blue Visa, a 10-year residency permit for individuals making exceptional contributions to environmental protection.…
The Federal Tax Authority (FTA) has issued a reminder to individuals conducting business activities in the United Arab Emirates (UAE) to complete their Corporate Tax registration by March 31, 2025. This requirement applies to those whose business turnover exceeded AED 1 million during the 2024 calendar year or in subsequent years. Failure to meet this deadline…
The UAE has made its Golden Visa program available to more people by adding new categories for top professionals and high-net-worth individuals. These updates focus on education, gaming, and luxury, helping the UAE attract talented individuals who can contribute to the country’s growth and innovation. New Categories Added The Golden Visa, which provides a 10-year…
The UAE Federal Tax Authority (FTA) has provided clear details about the penalties businesses will face if they fail to pay their corporate taxes on time. According to the FTA, businesses that don’t pay their tax by the deadline will be charged a penalty of 14% per year, which is calculated each month from the…
UAE Golden Visas are trying their best to catch the eye of foreign investors in the UAE. According to the UAE Federal Authority for Identification, Nationality, Customs, and Port Security (ICP), the One Touch Golden Visa comprehensive service has become active in the country. It is a new comprehensive service to issue a Golden Residency…
The Federal Authority of Identity and Citizenship (ICA) issues the Emirates ID as an identification card for UAE nationals. All UAE nationals and residents are required to have an identity card. You should be aware of the significance of this ID card if you reside in the United Arab Emirates. With the help of Emirates…
The UAE government has introduced a new service named “Fawri” for issuing an Emirates ID. This service has made it easy for residents and citizens to get an Emirates ID in less than 24 hours. The ID usually can be obtained in an average of 7 to 10 days. But with the Fawri service, things…
DMCC stands for the Dubai Multi Commodities Center. It is a government of Dubai Authority on commodities trade and enterprise and a free trade zone in the UAE. DMCC has released the news of the launching of the DMCC Gaming Center in the Emirates. This center will be home to more than 50 esports teams,…
UAE is giving a new structure to its entry and residency procedures to make enormous progress toward being the best location for living, employment, entrepreneurship, investment, and education. A UAE Residence Visa is required for foreign nationals who wish to reside and work in the UAE for an extended period of time. If you have…
UAE has taken a step forward in legalizing cryptocurrencies and NFTs in UAE after the announcement of issuing crypto licenses. On March 9, 2022, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, the Prime Minister, and Vice President of UAE passed the first law to adopt and regulate virtual assets. According to…
The United Arab Emirates (UAE) is stepping into the modern world with flair and breaking the norms, which potentially had the city holding back according to many experts. The latest decision to allow 100 percent ownership to foreign investors has the potential to completely change the game. This decision is bound to attract millions of…
The Vice-President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has claimed that the Foreign Direct Investment (FDI) increased by 44 percent in the year 2020. This information was shared by Sheikh Mohammed in a tweet, which read: “Despite the UN’s estimates that global foreign direct investment…
The Ajman Free Zone (AFZ) is a prominent name in the United Arab Emirates (UAE) region. AFZ remains one of the largest free zones with massive foreign investment opportunities available to everyone. The free zone has decided to showcase its attractive tourism features and investment opportunities at the upcoming Arabian Travel Market (ATM), which will…
Following a huge economical setback due to the COVID-19 pandemic, Dubai’s private sector has seen the strongest demand growth in the past 18 months. According to experts, this growth is primarily down to the efforts of the UAE government which has ensured the mass rollout of the vaccinations along with other policies introduced to overcome…
The United Arab Emirates (UAE) cabinet has decided to reduce the tax penalties in the region. This decision will encourage companies and individuals to file their taxes and also make voluntary disclosures if a mistake has been made while doing so, according to experts. Mayank Sawhney, managing director at MaxGrowth Consult-ing, said: The reduction in…
Following a difficult year due to the COVID-19 pandemic, Dubai is set to host the highly anticipated Expo 2020 in October 2021 which will run until March 2022. The event is set to attract over 25 million visitors. Expo 2020 is considered to be a universal exhibition that will attract a number of businesses and…
The Dubai Multi Commodities Center (DMCC), which is one of the world’s leading Free Zones, has broken its 7-year old for registering the most number of firms in its Free Zone in a single month. DMCC welcomed 216 new companies on board in April, which also helped the free zones achieve the best results Q1,…
The COVID-19 pandemic disrupted every business across the globe and United Arab Emirates (UAE) was no different. However, with the mass vaccinations being rolled out, things are on track to recovery. According to the UAE Minister of Economy, Abdulla Bin Touq Al Marri, the region’s economy fared better than what the initial reports were for…
The United Arab Emirates (UAE) has firmly established itself as a business hub, which has raised millions of dollars in investment. The concept of free zones started of very early on and has amassed a lot of traction from foreign investors as well. In 2020, the Ajman Free Zone alone managed to register a whopping…
Ministry of Economy in the United Arab Emirates (UAE) is bringing new legislation that will be including 10 new sectors to the commercial company law. According to a senior official, they will be able to own 100% foreign ownership of onshore companies within the country. The latest information confirms that the formation of it is…
The e-commerce is booming across the globe and especially in the Gulf countries, which has led Dubai to take another initiative; Dubai has finally completed the first phase of a new free zone that is dedicated to e-commerce. The facility includes 470,000 square feet of real estate and is said to be one of the…
The Central Bank of the United Arab Emirates (UAE) has finalized its plan to launch an intraday Liquidity Facility, which will enable all licensed financial institutions to mitigate intraday liquidity risks. In recent times, the central bank introduced its new Dirham Monetary Framework under which the intraday Liquidity Facility has been launched. The new initiative…
The United Arab Emirates (UAE) and its drive to remain ahead of the technology curve have seen another development with the launch of world-renowned online payment service, Stripe, launching its first Middle East office in Dubai. This launch comes weeks after Stripe’s latest funding round, which has now pushed company’s total value to over $95…
Following the mass rollout of COVID-19 vaccinations, the businesses are slowly and steadily resuming their operations as they used to be. The pandemic saw a mass downsizing across the globe due to sustainability issues by various companies but now, the companies are starting to hire people back. The “Great Place to Work”, a global consultancy…
The United Arab Emirates (UAE) has jumped four places, according to the latest Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index rankings. UAE was ranked first in the Middle East while it jumped four places to 15th position in global rankings as the country’s economic and business sectors continue to strengthen following the decline witnessed due…
The Middle East GDP forecast stands at 2.5 percent, which is similar to the growth it saw from 2010 to 2019 which was 2.6 percent, despite the unprecedented decline in 2020. This growth is also down to the rollout of mass COVID-19 vaccines, which will help bring things back to normal in the second half…
With each passing day, United Arab Emirates (UAE) is launching new services and initiatives to remain ahead of the innovation curve whilst simultaneously providing valuable services to its citizens and tourists. Keeping in line with their values of self-improvement, UAE has launched a new visa that will be valid for 6-months to finalize the procedures…
The Free Zones World Economic Barometer study has revealed that free zones across the globe are all gearing up to overcome the challenges of the third-wave of COVID-19 pandemic and soon hopefully the post-pandemic world as well. The business in the free zones was first stalled due to the pandemic but has seen tremendous progress…
The United Arab Emirates (UAE) has massively improved in its rating and is now ranked as the 13th most preferred destination to work worldwide, according to a survey that featured over 209,000 respondents from 190 different countries. The new global study revealed that UAE’s improvement in rankings is mainly down to its strong response to…
The United Arab Emirates’ inbound tourism spend is expected to cross $25.3 billion by the year 2025, according to findings of Travel Forecast Model from leading market research firm Euromonitor International. Tourism industry has been halted due to the COVID-19 pandemic but experts claim that the industry will recover in 2022. However, mass vaccinations and…
The retail sales in the United Arab Emirates are expected to make a recovery and grow by 13% to reach $58 billion by the end of 2021, an analysis from Dubai Chamber of Commerce and Industry has projected. The COVID-19 pandemic disrupted a lot of the business in the UAE as well as across the…
With the COVID-19 pandemic’s third-wave on the cards, the United Arab Emirates (UAE) cabinet has made the decision to approve a new policy. Under this new policy, termed as remote work visa, enables employees from all over the world to live and work remotely from the UAE irrespective of the fact whether the companies are existing outside…
The Emirates ID is the identification or the resident card of all the UAE citizens; it can also be considered a personal database of every person residing in the UAE. The Emirates ID contains all the necessary information required and can be used for paying bills, registering vehicles amongst other things. While using any service…
Until further notice, the United Arab Emirates (UAE) has temporarily suspended the issuance of new visas for tourists from Pakistan and 11 other nations. On 18 November, Pakistan’s Foreign Office reported the news that the UAE authorities’ decision is assumed to be tied to the second wave of Covid-19.’ However, on already approved visas, the…
It is promising to know about the latest measures the UAE is taking for the sustainable long-term development of the country and its people amid fears of a global economic slowdown. In recent months, the UAE has implemented long-term residence regulations for foreigners and high-income ex-pats, new rules for accelerating payments for small and medium-sized…
Businesses in Abu Dhabi have been issued new guidelines to ensure workplace health and safety as the threat of COVID-19 persists throughout the country. The guidelines were issued by The Department of Economic Development in Abu Dhabi (DED), who claimed that only low risk individuals eligible to be in the workplace. DED also explained that individuals…
The President of the UAE, His Highness Sheikh Khalifa bin Zayed Al Nahyan has provided relief to all the visa violators. This order was passed on Wednesday after His Highness officially announced this in an interview. A source close to the matter has claimed that the decision has been taken after the pandemic halted all…
The United Arab Emirates (UAE) has made great strides in the energy sector, which includes both the performance in the energy system as well as the readiness for energy transition. According to the latest edition of the World Economic Forum’s (WEFs) Fostering Effective Energy Transition 2020 report, UAE is at 63 in the global rankings…
The employers in the United Arab Emirates (UAE) have been strictly advised to pay salaries on time through the wage protection system, the Ministry of Human Resources and Emiratisation (MoHRE) stated. This information was unveiled on Twitter by the MoHRE, which read: https://twitter.com/MOHRE_UAE/status/1260236896409718784?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1260236896409718784&ref_url=https%3A%2F%2Fwww.khaleejtimes.com%2Fuae%2Fcompanies-must-pay-salaries-on-time-urges-uae-ministry- The ministry stated: We stress on the necessity of companies compliance to…
The threat of COVID-19 forced majority of the airlines to be closed but after almost three weeks, Etihad Airways has finally announced that it will be resuming limited one-way flights to Abu Dhabi from tomorrow (May 9th). An official was quoted saying: From May 9, 2020, we’ll be operating limited one-way flights to Abu Dhabi…
The UAE residents, as per the government guidelines, are practising social distancing while the majority of the schools, and workplaces remain closed as well. A digital marketing suite, SEMrush, did a survey to figure out what are the most Googled searches amongst UAE residents during the pandemic and it came up with some interesting results.…
The COVID-19 has taken the world by storm. Months into the pandemic, the situation continues to get worse as countries aim to get a hold of the situation by practising social distancing and prioritising sanitisation. While the demand of things like hand sanitisers has exponentially increased, it has provided con-artists to earn huge sums by…
The COVID-19, which originated from China, has halted a lot of the operations across the globe and it has caused millions of dollars in losses to companies. People have been advised to stay at home and only go out when it is absolutely necessary; this has increased the demand of delivery services not only in…
Various companies in the United Arab Emirates (UAE) have imposed a 14-day self-quarantine on employees which have traveled to countries affected by the Covid-19 coronavirus. This information was revealed after Korn Ferry did a spot survey regarding the matter. The survey revealed that 11 percent of the companies in the UAE have asked such employees…
Instagram has gathered a lot of traction in recent years and has reached new users milestone each year. The exponential growth of Instagram has opened doors for advertisers based across the globe along with UAE to add the platform to their advertising arsenal. As of now, there are close to 9 million living in the…
Two of world’s most popular airlines, Etihad and Emirates, are based in United Arab Emirates (UAE). While Emirates reached new peaks in 2019, Etihad shared a very different fate and incurred $870 million in losses. The information was revealed by a local media outlet which confirmed the numbers after talking to an Etihad Airlines official.…
The Arabian Business has revealed a list of brands ranked as the best in different categories across the United Arab Emirates (UAE). The study regarding customer satisfaction was carried out in collaboration with Service Hero, which has a rigorous snapshot of consumer feelings since 2010. After measuring over 200,000 consumer voices and more than 300…
Dubai has always come up with innovative ideas to address problems that people might face in their everyday lives. Similarly, those living in faraway communities can now buy their essentials from the region’s first-ever grocery bus. This service is launched by Carrefour, which has already established itself as one of the top global brands. The…
According to reports, Dominica has been confirmed as a visa-free travel destination for all the UAE citizens. This information was confirmed by the Dominican Embassy in Abu Dhabi and it claimed that it values its relationship with UAE. The UAE citizens can also obtain second citizenship from Dominica if they fulfil all the requirements. For…
The coronavirus threat has spread across major countries in several continents and the cases continue to increase with each passing day. Despite this, the Ultra Music Festival (UMF), Middle East Film, and Comic Con are expected to still likely to take place on the scheduled dates. Several mega events, which were scheduled for upcoming months…
Dubai Police has been advised to build sports centres in all the police stations after pilot projects were proved successful. This initiative was implemented in three police stations as well as the remand centre at Al Barsha Police Station in Dubai. The country has expressed its desire to expand this initiatives across the entire city.…
The United Arab Emirates (UAE) is expected to witness a huge increase in its potential tourists, by three million, due to the Expo 2020 happening in Dubai. Researchers claim that India, Saudi Arabia, Philippines, United Kingdom, and Pakistan are all amongst countries which are expected to bring about this tourism boost from October. According to…
The People of Determination in the United Arab Emirates (UAE) are going to be pleased with the latest development in regards to the digital platform which has been launched. The first-of-its-kind social media platform will enable the supporters of inclusion to not only connect but also collaborates with each other for the empowerment of People…
Emirates SkyCargo has officially announced Abdulla Akhlallafi as its new cargo manager in India. The press released stated: Alkhallafi will be based out of Delhi and will be overseeing all commercial and operational aspects of Emirates SkyCargo in one of the air cargo carrier’s most important markets globally. He will be taking over from Keki…
The Abu Dhabi government is seeking a $2 billion in loan and has been in contact with several banks. This move has been in line to allow the oil-rich emirate to “tap new liquidity pools in an era of low oil prices.” United Arab Emirates (UAE) capital, Abu Dhabi, gathered $10 billion for budgetary purposes…
The United Arab Emirates (UAE) based company called Finablr, which is a payments and foreign exchange holding firm, has officially expanded its operations in Saudi Arabia. It is worth mentioning that the company was listed on London Stock Exchange last year, which also helped the company gain reputation as a valuable brand. According to the…
The United Arab Emirates (UAE) is always coming up with innovative ideas to remain ahead of the curve. The establishment of Know Your Customer (KYC) blockchain platform by Dubai was also a step towards a digital future. Currently, six banks are a part of KYC blockchain consortium which include: Emirates NBD, Emirates Islamic, HSBC Bank…
The number one fashion destination in the MENA region, Namshi, has officially partnered with Emirates Skywards. The partnership with the award-winning loyalty programme of Emirates and flydubai will enable all the Namshi customers to earn Skywards Miles with each purchase. According to the information available, the customers can earn the rewards on every Namshi product…
The United Arab Emirates (UAE) remains hub for innovation. In line with their motto to bring about a change which has the potential to impact people’s lives for the better, a youth-led company has come up with a new initiative. Beno Technologies, based in the UAE, has come up with an innovative platform which is…
The coronovirus has spread like wildfire and its infection rate has been far more concerning factor for many countries. Started from China, the virus has spread across more than 15 countries including Italy, Germany, Afghanistan, Iran, and the UAE. The United Arab Emirates (UAE) has confirmed 13 cases of cornovirus already. In regards to this,…
According to the Global Islamic Economy Indicator, the total volume of investment opportunities in the UAE’s Islamic economy set to reach Dh85 million. Abdullah Al Maeeni, who is the director-general of the Emirates Authority for Standardisation and Metrology (ESMA), informed that the Islamic spending on food and beverages has seen a steady growth. He further…
The United Arab Emirates (UAE) has been ranked No. 1 soft power nation in the Middle East whilst it ranks 18th across the world. This was the first ever Global Soft Power Index, which identified business and economy as UAE’s strongest assets. The survey conducted was put together by a London-based consultancy Brand Finance. It…
The United Arab Emirates (UAE) Space Agency has introduced a new law for licensing, registering objects, defining responsibilities, insurance, risk and accidents. This is the first law in the Arab and Islamic world’s history which creates a new legislative and regulatory environment for the national space sector with is in line with other laws and…
In a recent development, the United Arab Emirates (UAE) authorities have ramped up its efforts to settle the pending dues for workers within the country. The court, which was involved in previously settling the wages of 300 workers, has now also passed a ruling for addition 762 workers. According to the information, the 762 workers…
Good news for all the skilled professionals who are seeking a job within the United Arab Emirates (UAE). The country has introduced a new job search portal, which is considered to be a self-employing platformed. This information was revealed by the Ministry of Human Resources and Emiratisation (Mohre). The ministry further claimed that the portal…
Blackberry has officially announced that the company will be terminating its services i.e. Blackberry Messenger, Pin to Pin, BlackBerry Internet service and BlackBerry email service will not be available from March 10, 2020. Despite this, the Blackberry users can still enjoy the data allowance for all the other internet services, according to the official notice…
Opening of a bank should never be a complicated process and Dubai has passed a new regulation through which the investors and businesses can benefit from. It was reported earlier that Dubai Economy has established a consortium partnership with six other United Arab Emirates (UAE) banks in which the citizens will be allowed to open…
In order to promote the people of discrimination, the Emirates Post has issued a set of distinctive commemorative stamps. This initiative is led by the Ministry of Community Development, labelling the new symbol as an outlook on disability in the United Arab Emirates (UAE). This will help bring some recognition towards the people of discrimination…
Attaining a United Arab Emirates (UAE) has become extremely easy thanks to Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, who has launched the new “Salem Smart Centre”. The Salem Smart Centre will provide easy residency visa process across Dubai, reports confirmed. Sheikh Hamdan, while speaking about the matter on Twitter,…
The property developers in the United Arab Emirates (UAE) has demanded the government to lower the price tag for 10-year residence visas. According to the representatives, this will eventually help the sector absorb the oversupply within the market. Additionally, this will help make the economy more competitive, attract talent from around the globe, and the…
The lucky draw for Dubai raffle concluded on Tuesday and the winners have been announced, which includes an Indian who has been trying for the prize for the past 20 years. Jagdish Ramnani, a 42-year-old Indian national based in Dubai, won the $1 million prize when his ticket number 1778 in Series 324 was drawn.…
The Abu Dhabi traffic police on Tuesday announced that all fines imposed on motorists from 22nd December, 2019 to 22nd December, 2020 will be eligible for a 35 percent discount. https://twitter.com/ajmanpoliceghq/status/1228600962798977025?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1228600962798977025&ref_url=https%3A%2F%2Fwww.khaleejtimes.com%2Fnews%2Ftransport%2F50-traffic-fine-discount-in-uae-to-come-into-effect-on-feb-16–1 However, in order to avail that 35 percent discount, the fine must be paid within the 60 days after it has been issued otherwise…
The Venture Capital (VC) firm Wamda on Monday confirmed its $6 million investment in UAE-based automative platform called Seez. This Series A funding of $6 million will enable Seez to grow and access the $10 billion used-automative industry in the UAE and other parts of Middle East and North Africa (MEA) markets. The round of…
The total government spending on information and communications technologies in the Middle East and Africa (MEA) will cross $15 billion by 2023, reports have confirmed. This report was compiled by the International Data Corporation and informed that there has been a renewed interest in the fields of technology, with blockchain and artificial intelligence. In 2018,…
A UAE-based company, Agthia Group, has become the first one from the region to start the production of bottles made entirely from fermented plant sugars. It is worth mentioning that Agthia is the same company which markets the Al Ain brand of drinking water and it is planning to distribute its first-ever shipment in the…
The operating license for the first rector at the Arab’s world’s first-ever nuclear power plant has been issued by the United Arab of Emirates (UAE). The production is expected to start later this year, according to confirmed reports. The name has been decided as Barakah nuclear plant and it will be built in Abu Dhabi.…
The recent coronavirus outbreak has crossed borders of China at an alarming rate and that just might be the reasons why your order still hasn’t turned up. The UAE shoppers are finding it extremely difficult and are having their orders delayed, especially the merchandise ordered from China due to the threat of coronavirus. Altaf Patel,…
The United Arab Emirate’s first-ever floating solar power plant will be operational within a couple of days and it will start producing electricity off the tiny resort islands of Nurai. The pilot facility has the capacity of 80 kilowatts and can pave way for additional such projects in the region. There is no denying that…
The United Arab Emirates (UAE) residents can now apply for Japan visa free of cost, staff at the Consulate General of Japan in Dubai confirmed. The consulate’s visa information website states: The Consulate General of Japan in Dubai is authorised to issue a visa to UAE nationals and other nationals with residential status in the…
The United Arab Emirates (UAE) has added yet another tourist attraction into its collection which will feature fascinating archeological and historical remains. In addition to that, exhilarating outdoor adventure activities will take place there. This new attraction point has been opened up in Al Ain, where Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member…
The United Arab Emirates (UAE) has once again maintained its third position in the index which tracks the logistics sector performance in the emerging markets. According to the latest updates, China and India remain the only two markets which are ahead of UAE in the ‘Agility Emerging Markets Index’. This is the 6th successive year…
The Dubai Health Authority (DHA) has launched an online platform which issues birth and death certificates in Dubai for the public and private sectors, called Al Hamd. According to the officials, Al Hamd will aim to not only standardise but also automate all the procedures related to attainting those documents. To ensure accuracy, the process…
The Dubai Healthcare City (DHCC) has revealed the launch of its custom-made widget, which is powered by online booking specialists Okadoc. The latest update is available on their website and accessible to every patient in the region. The DHCC website now provides the ability to offer medical practitioners according to specialist, insurance and plans, hospital…
The General Directorate of Residency and Foreigners Affairs (GDRFA) has emphasised on the timely renewal of the establishment card otherwise a fine of Dh100 will be imposed every month. The establishment card also commonly known as CEC or company establishment card and CIC or company immigration card. It carries all the information about a company;…
Cryptocurrency took the world by storm when people started making millions of dollars in profit. The initial concept was first introduced in 1985 by an American cryptographer David Chaum. Latest reports confirm that Dubai has agreed to build world’s largest ecosystem for cryptocurrencies and distributed ledger technologies. The reports further claim: …the DMCC Crypto Valley…
Emirates, WhatsApp, and Samsung have been ranked as the top-three brands in the UAE, according to YouGov BrandIndex conducted survey. The survey measures the public’s perception of brands on a daily basis across a range of metrics. The annual Buzz rankings are compiled using Buzz scores from the entire years’ worth of data. Buzz scores…
Dubai remains as one of the most famous places for tourism. The Dubai’s tourism industry reached an all-time high in 2019 and recorded 16.73 million international visitors. This was an increase of 5.1 percent in tourism volume, surpassing the prediction made by the United Nations World Tourism Organisation (UNWTO) in regards to growth forecast of…
UAE and Luxembourg are looking to benefit by expanding their cooperation in several sectors of mutual interest, according to officials present at the UAE-Luxembourg Business Forum. According to latest information, both parties are keen on collaborating in the following fields: industrial, ICT, healthcare technologies, finance, Islamic banking, and space sectors. The forum was held at…
An electronic cigarette, commonly known as e-cigarette, is an electronic device that resembles smoking a cigarette. The act of using e-cigarette is known as vaping. A liquid is present in an e-cigarette that may or may not contain nicotine. This e-liquid also contains glycerine, flavoring, and other ingredients. E-cigarette is used in many parts of…
Last Updated: July 10, 2019 UAE is known as one of the most business-friendly countries in the whole Middle East region. It is due to the facilities they provide to investors, entrepreneurs and workers. An important issue faced by foreigners in UAE (and the whole Middle East region) is a permanent residence. As compared to…
An important reason that entrepreneurs and corporations from around the globe are choosing Dubai as their desired business location is the type of facilities they receive here to establish and run their businesses. For this purpose, the government of Dubai and its departments are always ready to assist businesses and try to minimize their problems.…
Independence Day is the most important day for any country. Nations celebrate this day with special events to commemorate efforts and sacrifices of their forefathers in order to inculcate national unity and love of the land among its citizens. The same thing happens in UAE as well. Every year, 2nd of December is celebrated as…
All the emirates in UAE are providing immense opportunities for investors and entrepreneurs. It is the reason that these people from around the world have selected UAE not only as their business place but also for their residence. Foreign investors and business ventures also provide opportunities for jobseekers. As UAE is sparsely populated and local…
UAE provides several opportunities and incentives for investors, entrepreneurs and jobseekers from all parts of world. It is the reason that investors and jobseekers prefer UAE over most of other countries in this region. But this situation also creates problems for government and people of UAE. Sometimes, people from various countries try to get these…
The government of UAE is rapidly following its aim of making their country as one of the most advanced ones in the whole world. The regime is strictly following their newly-adopted knowledge-based economy and it is ready to take bold steps for this purpose also. One such thing is seen in a recent development as…
Just few days are left in the start of Islamic festival of Eid Al Adha. The primary function of this festival is sacrifice of animals for sake of Allah’s blessing. Like other countries, UAE also provides special facilities to citizens and residents of the country on this happy occasion. This Eid festival will start…
The tourism and hospitality sector is one of the most important sectors in Dubai and UAE. This sector is playing major role in economic prosperity of Dubai and helped the emirate to compensate its low oil reserves. Large skyscrapers and artificial wonders play important role in attracting tourists from all over the globe. The arrival…
Tourism is one of the most profitable and reliable sectors for economy of Dubai. Every year, millions of tourists arrive in Dubai that contributes huge amount of capital in the economy of Dubai and UAE. But there is no single reason that attracts tourists on such large scale to Dubai. These tourists arrive here to…
An important factor that distinguishes UAE from all other countries in the world is the presence of large number of foreigners in the country. Around 85% residents in UAE are foreigners and this percentage is higher than any other country in the world. This foreign population of UAE is comprised of people from different parts…
Business was a priority sector only in the emirate of Dubai few years ago. But now all the other emirates of UAE are giving due importance to this sector in an effort to reduce their reliance on oil sector. This shift in policy has shown positive results in overall economy of UAE. The latest report…
Since past several decades, Dubai has been known as one of the best tourist destination not only in MENA region but also in the world. It is mainly due to efforts made by the emirate to transform this desert into one of the world’s most beautiful cities. Skyscrapers, beautiful parks, historical places, festivals, exhibitions are…
Since the independence of UAE in 1971, Abu Dhabi and most of other emirates in UAE were relying on export of oil and petroleum products for their economy. Dubai was the only emirate that adopted business and tourism friendly policies on large scale due to lower reserves of oil and petroleum. It is the reason…
In order to promote foreign investment in UAE mainland, UAE recently introduced several reforms. One such important step is allowing 100% company share to foreign entrepreneur. Previously, they were only allowed maximum 49% shares in businesses in UAE while 100% shares for foreigners were only allowed in various free zones. This was an important reason…
Before emerging as one of the world’s best business and tourist attracting city, Dubai was mainly relying for its economy on benefits it was taking as a coastal city. Soon after independence in 1971, the emirate soon shifted its priorities as it wasn’t enjoying vast deposits of oil and gas that were available to other…
Since the adoption of new economic policy in 2014, UAE has given priority to few sectors more than others. One such important sector is the tourism and hospitality sector. In past few months, the government of UAE has taken several steps that produced positive results for hospitality sector. These include opening of new tourist attractions,…
Dubai remained a prominent place in UAE, Middle East and the Gulf region as an attraction for tourists from around the world. Tourists from east and west visit this beautiful place every year in large number. These numbers are increasing with every passing year. In past few years, Dubai has managed to attract more visitors…
After 2014 oil crisis, UAE decided to change its priorities from oil-based economy to knowledge-based economy in order to laid foundation of its economy on firm basis. But Dubai is far different form rest of UAE as it was already relying on business and tourism for its economy. Its efforts to improve its economic condition…
UAE is expecting high for the latest adoption of knowledge-based economy. An important part of this new strategy is the education sector, especially related to science and technology. AI (artificial intelligence) is the most modern technology in science. In past few months, UAE has adopted several policies to grow AI technology and science sector in…
Since the inception of new economic policy after 2014 oil crisis, UAE is continuously trying to provide facility for various sectors for permanent stability and growth of its economy. One of the most important sectors for UAE is tourism that was flourishing in UAE (especially in Dubai) even long before oil crisis. It is mainly…
The importance of tourism is undeniable for economy of UAE. It is one of the most important revenue-generating sectors in several emirates of UAE especially Dubai and Abu Dhabi. These and other emirates have made special structures, entertainment places to attract tourists from various parts of world. Along with that, best medical and educational facilities…
Since past several years, UAE has been on the surge for new discoveries and innovations on scientific, educational and business affairs. It is due to adoption of knowledge-based economy where more facilities are provided to professionals and talented persons in various fields. They are also allowing positive changes to make things easier for businesses. This…
The government of UAE has always tried to provide some additional advantage to companies present in free zones as compared to the businesses in UAE mainland. Through these additional benefits, UAE is trying to compensate for limitations of these free zones and attract more and more companies towards them. It is helpful in creating balance…
Several reports and statistics are confirming positive effects of UAE’s firm stance on growth of non-oil private sector. UAE has taken several steps to bolster this area in order to minimize its reliance on oil sector, especially after oil crisis 2014. For this purpose, UAE is trying to provide incentives and facilities to several other…
UAE is advancing rapidly towards altering its economic direction from moving towards knowledge-based economy instead of previous oil-based one. For this purpose, the government has taken several important steps in recent past. One really important step was providing 10 year residence visa for professionals and talented individuals of various scientific fields. Now, these measures have…
Dubai and Abu Dhabi are most prominent places in UAE for foreign investors and visitors. Most of the foreign entrepreneurs and investors seek business and residing opportunities in these two emirates (especially Dubai) whenever they want to start a venture in UAE. These two emirates also provide important incentives for foreign investors. But one thing…
UAE has always welcomed expat population for business, employment and residence. It is the reason that several big cities in this Gulf country have a sizable expat population and it is continuously increasing. Dubai is an example where more than 85% of population is comprised of expats. Abu Dhabi and Sharjah are other important cities…
UAE is popularly known for its economic prosperity, caring government and availability of social wellbeing in the whole Middle East. The rulers of UAE are always ready to introduce new laws and take actions that would benefits their country, its citizens and millions of foreigners residing here. Efforts and performance of UAE for improving economic…
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…
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…
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…
Business activities are considered as backbone of Dubai’s economy. Thousands of local and international companies have setup their businesses in Dubai that provide jobs to millions from various parts of the world. Every year, several more incorporate in the city to get maximum benefits of business opportunities available here. The government of Dubai is completely…
Business and tourism are two main sectors that always remained priority for Dubai to attain its economic growth in the absence of large reserves of oil & gas. Business sector faced few ups and downs in the emirate due to various reasons. But the sector that remained backbone of Dubai’s economy and always remained reliable…
UAE is in pursuit of taking full advantage of modern technology for betterment of its people, adopting smart operations and laid its foundation of economy on latest and efficient techniques. For this purpose, the government of UAE is advancing rapidly and intelligently while its progress in the field has been accepted by international organizations. It…
The implementation of value added tax (VAT) in UAE at the start of year 2018 was a new step that wasn’t quite welcomed by most of the businesses. There was quite distress and fear among companies about payment of their taxes and decrease in their business activity due to increase in prices of their products…
The government of Dubai surpasses all the other emirates of UAE in providing facilities to various businesses. It is an important reason behind growth of all types of businesses in Dubai as compared to other emirates. The rulers of Dubai are taking keen interest in development of various sectors in Dubai and they take appropriate…
UAE is known as a hub of infrastructure that is highlighted by its high raising buildings and well-constructed roads and ports. Apart from that, preparations for Expo 2020 are underway in Dubai and it is putting a positive impact on the overall growth and infrastructure of UAE. This is also revealed in the latest report…
Earlier this year, Dubai’s Crown Prince Sheikh Hamdan bin Mohammad launched 26 projects by 24 government entities of Dubai as part of “Dubai 10X”, aimed to make Dubai the hub of innovation. Under this initiative, DAFZA (Dubai Airport Free Zone Authority) has now announced its plans to start two of these projects, Dubai Blink and…
The 2nd quarter after implementation of value added tax (VAT) is underway and the authorities and experts are closely examining impacts of this newly-implemented tax on various sectors. Previously, this tax was also reviewed on few important sectors that were facing negative effects after VAT. One such example is the reversal of VAT on gold…
The government of UAE is moving rapidly towards a completely change in direction of its economy. The wise rulers of the country are certainly aware that they can only progress in this modern world by using education and technology to its greatest extant. Due to this, the focus is completely on altering the focus of…
UAE has always remained an important country for foreign residents and tourists. Hundreds of thousands of foreigners are residing in different parts (especially Dubai, Abu Dhabi and Sharjah) of UAE while millions visit every year for entertainment, medical, business and other purposes. UAE has long being seen as a business hub and investors are always…
Value added tax (VAT) in UAE is covering most of the sectors in the country. But there are also few exceptions from this newly implemented tax. One such area is the residential homes. Recently, the FTA (Federal Tax Authority) has announced the procedure for UAE nationals through which they can refund VAT for newly constructed…
The Ramadan moon can’t be sighted on Tuesday 15th May 2018 after which it has been declared that the starting day of Ramadan 2018 in UAE is 17th May 2018. Like other Muslim countries, Ramadan plays a special role in the daily life of people and everything changes in that single month as compared to…
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 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…
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…
Several months have passed since the implementation of VAT (value added tax) that was aimed to drive the economy of UAE towards diversification. In order to gain maximum benefit and equally put the burden on all sectors, the tax was applied on wider scale on most of the products and services and very few sectors…
The business opportunities in all the emirates of UAE are thriving as the country is shifting its priority to non-oil sectors especially businesses. It is the reason that several big and small corporations are continuously expanding their businesses in UAE. Although all types of businesses have opportunities in the country, but not all businesses have…
Since the arrival of oil crisis in 2014, UAE is continuously in effort to increase the level of non-oil sector in order to reduce its reliance on the unreliable future of oil and gas sector. Dubai remained a pioneer in this procedure as the emirate was already focusing on sectors like business and tourism due…
The combination of increase in overall wealth in the Muslim majority countries and among the Muslims residing in other countries, along with the thinking of Muslims to become practicing Muslims is increasing the trend of Halal Tourism around the globe. According to a report by Thomson Reuters Corporation (a Canadian-based multinational information firm), Muslims around…
Just few years are left in the start of Expo 2020 and the preparations are underway to take full advantage of this international exposure by presenting world’s best facilities and amusement to foreign delegations, tourists and (possible) investors from around the globe. The extensive construction work is providing lot of job and investment opportunities in…
All the countries in the Gulf region were forced to adopt certain new measures in order to cope with the oil crisis in 2014. But the country that remained least affected with the issue is the UAE. It is mainly due to the experience of the country for adopting strategies that decrease its reliance on…
Even during the peak time regarding petroleum prices in international market, UAE was the only country in the Gulf region that was maintaining a comparatively diversified economy. The country, especially the emirate of Dubai, was then providing lots of business and tourism opportunities for foreigners. It is an important factor that its economy remained stable…
Economic activities are constantly on rise in UAE, especially in Dubai, throughout the year since past several decades. It is the main factor behind the economic prosperity of the country and the arrival of large number of foreigners as entrepreneurs, job seekers and tourists. Different exhibitions, events and shows are held almost every month of…
The new digital technology is shaping up the economic sector worldwide. Cashless economies are becoming more and more common around the globe with the passage of time. The numbers of users of currency notes and coins are decreasing slowly but continuously. Now heavy purses are replaced with smart devices for transaction of money not only…
After continuous decline in oil prices in international market since 2014, they are just recovering now. But now it seems that most of the countries in the Gulf region, have entirely changed their economic policy and they are relying heavily on non-oil sector for their economic growth. It is especially true for UAE. Several recent…
The fall in oil prices in international market in 2014 panicked the countries, especially in the Gulf region, that were highly relying on the oil & gas sector for their economy. But the country that mostly remained unaffected by the crisis is UAE. It is due to the measures it took to diversify its economy.…
Wealth and prosperity usually results in lavish and unnecessary spending by regimes. But it is not the case with governments with broad vision that wants to provide continuous comforts to its citizens and keep the economic situation running in a smooth way even in the presence of financial crisis. This type of behavior has been…
A universal custom worldwide is that investors and entrepreneurs would save their profits that they can use for leisure activities or spend on the time of need in later stages. But the trend has gone reversed in UAE due to the extremely supportive business opportunities available in the emirate. According to a recent survey by…
UAE is known as one of the most favorable destination for people from around the world. Every year, the rich Gulf country is visited by millions of tourists while thousands also choose UAE as their place of residence for various reasons. The abundance of job and business opportunities is just one of many reasons for…
UAE is ahead of other gulf nations in various sectors. Either it is tourism, entertainment, education, technology or other sectors, UAE can be seen above par of its neighboring countries. The achievement of the country in various financial sectors is widely acknowledged. Apart from that, the rich Gulf nation is not unaware about the importance…
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…
UAE is hub of business in MENA region and occupies an important place among the business-friendly countries in the world. The country achieved this status mainly due to efforts of the emirate of Dubai that took initiative in adopting innovative policies for entrepreneurs and they are continuously improving these policies. A new such step is…
UAE is not only providing best business and job opportunities for locals and foreigners but the country is also in effort to make best business environment for both company owners and staff. Every now and then, new rules and regulations are introduced to create harmony and better relations between employers, employees and authorities and make…
After two months of implementation of value added tax (VAT) in UAE, now the time has come for the government to receive its initial share of the tax. Recently, Federal Tax Authority (FTA) in UAE has announced the last date for submission of tax returns for businesses registered for VAT (value added tax). According to…
In recent past, we have seen lots of news that reveal the increase in business activities in UAE due to certain measures taken by the UAE government. It is especially important due to the fact that there were dangers of decline in business activities amid the implementation of VAT in UAE. But instead, the reports…
The concept of cryptocurrency is not new. They are in the international market since past two decades. But it gained popularity few years ago in 2009 after the introduction of bitcoin, world’s first decentralized cryptocurrency. This cryptocurrency even reached the level of around 12,000 USD. Few other cryptocurrencies are also quite popular including Ethereum, Ripple…
There are hopes and concerns after implementation of value added tax (VAT) in UAE. It was expected that the newly applied tax will impact negatively on businesses in UAE in earlier stages and its benefits will be seen after few months. But now it seems that dangers of negative impacts of VAT were not so…
Business opportunities in UAE continue whole year but the best time for cultural, commercial and tourist activities in the desert country is from November to April. During this period, several events and exhibitions are held in the country. Now a new educational and business event has started in all the emirates of UAE in the…
Value Added Tax (VAT) is the hottest topic in UAE at this moment. There is lot of discussion among masses regarding the new tax on their lives and businesses. There are also concerns about the misuse of this tax by retailers and many people registered their complained to the government authorities about being charged heavily.…
A month has almost passed after the implementation of value added tax (VAT) in UAE and now it seems that the things are coming on track and the people are feeling it easy to solve problems related to the effects of VAT on their daily lives and businesses. According to UAE’s Minister of Economy, Sultan…
According to Agility Emerging Markets Logistics Index 2018, the UAE has been placed first in the region and third in the world in terms of market accessibility, connectivity and ease of doing business. According to the report, UAE is the leading destination in the MENA (Middle East & North Africa) region for quality of infrastructure,…
UAE is known for providing best and favorable business opportunities for businesses around the world. Apart from that, the country is also known for political and economic stability. It is the reason that entrepreneurs from around the world are heading towards UAE (especially Dubai) for taking advantage of immense business opportunities. Apart from that, many…
Over half month has passed since the implementation of Value Added Tax (VAT) in UAE (and Saudi Arabia). The newly implemented tax has affected businesses all over the country. Not only that tax is applied on the businesses on mainland but it is also laid on several free zones. UAE is a business hub where…
Value Added Tax (VAT) has taken effect in UAE since 1st of January 2018. The tax is laid on most of the services and goods and a rather complete list of tax-affected items was issued by UAE government before implementation of tax. But the list was not a comprehensive one and there was some ambiguity…
A week has passed since the implementation of value added tax (VAT) in UAE. Most of goods and services are slightly affected with the implementation of this new tax. But it seems that both common people and entrepreneurs have gladly accepted the slight increase of prices of various products and services as they are hopeful…
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…
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…
Now it has been confirmed officially that price of petrol and gasoline will increase soon after the implementation of value added tax (VAT) from 1st of January 2018. The confirmation is made by Federal Tax Authority (FTA) for the first time. DG of FTA told while replying a question that petrol available from service stations…
The UAE government is trying to increase the list of goods and services coming under the range of value added tax (VAT). According to details, VAT will also be applied on electricity, water and parking in residential and commercial areas with 5% flat rate. This latest news will surely upset citizens and residents of UAE…
Dubai is a hub of business for entrepreneurs all around the world. The government is also making new developments in the city with the passage of time. One such example is the construction of Dubai South Free Zone. The specific free zone is a city in itself with the construction of various districts to cater…
Economic prosperity is the main feature of UAE and the country is trying its best to retain its position as one of the world’s strongest economy. Several reports have confirmed that UAE is expected to accelerate its economic growth in near future despite facing difficulties amid global oil crisis. The latest conformation of UAE’s economic…
UAE and Saudi Arabia are the two gulf nations set to implement value added tax (VAT) from 1st of January 2018. There is lot of concern and research on this topic in UAE by residents and entrepreneurs as they are still not completely aware about the situation. It is due to the emergence of conflicting…
UAE is continuously driving its efforts to diversify its economy in order to reduce the effects of oil crisis. Fortunately, few emirates (especially Dubai) had already developed several other sectors even before the emergence of 2014 oil crash. One such example is the travel and tourism industry. Apart from building beautiful and unique structures, UAE…
A new fee structure for work permit has been enforced today in UAE by the Ministry of Human Resources & Emiratisation (MOHRE) after its approval by cabinet recently. According to new regulations, the companies will now be divided in three categories according to cultural diversity and the skill level of their workers. According to details,…
According to a latest report by the Legatum Institute (a UAE based private investment firm), UAE has retained its position as the most prosperous country in the whole Arab world while the living standard of people of UAE in the last decade has improved more than any other country in the world. As a result,…
The government of UAE is determined for the implementation of value added tax (VAT) on due date (1st January 2018) and it is evident from the latest incident in which a plea from an influential businessman and head of a federation was rejected by the government. Just few days ago, chairman of the UAE Banks…
Just one month is now left in the implementation of value added tax (VAT) in UAE but the things aren’t completely cleared yet. There are still several speculations going on about the products and services that will come under the previously announced and soon to be implemented tax even after the signing of the VAT…
The time for implementation of Value Added Tax (VAT) is approaching in UAE and now the ruler of Dubai (who is also PM and vice president of UAE), Sheikh Mohammad bin Rashid Al Maktoum, has signed Executive Regulation on VAT. According to this regulation, 5% VAT will be imposed from 1st of January 2017 on…
Recent past has seen reduction in oil and petroleum prices that alarmed the countries depending solely or heavily on oil & gas. These nations started taking measures to minimize the eminent effects of this change on their economies. UAE is one among these countries. Apart from diversification of its economy (Dubai is already hub of…
The preparations for upcoming Value Added Tax (VAT) are underway in UAE and now in a latest move, the government has started registration for tax agents and tax accounting software vendors. According to details, the Federal Tax Authority (FTA) has opened registration for tax agents and tax accounting software vendors. Minimum three years of experience…
Apart from being a business-friendly city, Dubai is also famous for providing a high lifestyle and basic facilities for its citizens and expats. This high lifestyle of Dubai available at an affordable price is a primary reason that millions of people from around the world have made Dubai their place of residence. The numbers of…
In a surprise move, the UAE government has announced the implementation of Value Added Tax (VAT) on all food items. VAT will be implemented in UAE and Saudi Arabia from 1st of January 2018. Saudi Arabia has also decided to impose the tax on food items. The other GCC countries will also impose VAT in…
The 22nd Dubai Global Village has opened for public on 1st November 2017. This most awaited annual event will run till 7th April 2018 where millions of visitors from all around the world are expected to participate. The events of the 22nd global village started on 16:40 local time. The event is marked for providing…
Recently, Dubai surpasses another milestone with an announcement to launch a free zone specifically for the rapidly increasing e-commerce sector in the country. The aim of this project is to invite more foreign direct investment in UAE in order to boost non-oil sector of the economy. According to details, the “Dubai CommerCity” is a joint…
On 24th October 2017, famous American technology company Apple Inc. launches its digital wallet service, Apple Pay, in 4 countries including UAE. After this launch, UAE became the first country in the Middle East, North Africa and West Asia region to receive the service. It clearly highlights the business opportunities available in UAE that invites…
A recent survey by a global online market research company and a leading job site shows that Dubai and Abu Dhabi are ranked as the top cities in MENA (Middle East and North Africa) region by living and working standards. Both the Emirati cities remained on top for almost all the factors included in the…
Global Village Dubai is an annual entertainment, cultural and shopping event which is also one of the world’s largest projects of its type. Every year, millions of visitors from UAE and other parts of the world visit Dubai to see the entertainment and take advantage of shopping opportunities available in the global village. As the…
Health and fitness are becoming a craze in Dubai where every individual, local Emirati or expat, is in a pursuit to achieve the goal of attaining perfect health. It gives rise to the trend of gym-goers in Dubai. The small city and emirate are hosted by a number of gyms but still, a lot of…
