Browsing: Economy

Qatar has launched a 100% tax fine exemption initiative to support businesses and improve compliance.…

Abu Dhabi Global Market (ADGM) has successfully expanded its jurisdiction to include Al Reem Island, integrating over 1,100 entities into its regulatory framework. This strategic move, formalised by UAE Cabinet Resolution No. 41 in April 2023, has significantly increased ADGM’s geographic footprint, positioning it as one of the world’s largest concentrated financial districts.

The UAE has stepped up its efforts to combat tax evasion, conducting 93,000 tax inspections…

Sharjah has introduced a new corporate tax for businesses involved in natural resource extraction and…

Abdullah bin Touq Al Marri, Minister of Economy, has forecasted a 5-6% growth in the…

The UAE economy is set for significant growth in 2025, with a forecast of up to 5%. This positive outlook is due to strong performances in both the oil and non-oil sectors, supported by government policies and favourable global conditions.

The countdown is on for Step Dubai 2025, the Heartbeat of Tech in MENA, which…

Dubai Electricity and Water Authority PJSC (DEWA) reported record revenue of Dh30.98 billion in 2024,…

In a significant policy shift, the United Arab Emirates (UAE) has announced the implementation of a 15% corporate tax on large multinational enterprises (MNEs), effective from 1 January 2025. This move aligns the UAE with global tax standards and reflects its commitment to fostering a fair and transparent tax environment.

Dubai’s economy continued its upward trajectory, with the emirate’s Gross Domestic Product (GDP) reaching AED339.4…