Browsing: Economy

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.

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.