Abu Dhabi Government reaffirms sovereign support for its state-owned enterprises
The government of Abu Dhabi has noted the recent action taken by Moody’s Investors Service to downgrade the ratings of several Abu...
Licenses issued in Dubai rose 14% in May 2012
The number of trade licenses issued by the Department of Economic Development (DED) in May 2012 reached 1,542, an increase of 14 per cent...
UAE rolls out new initiative to strengthen international competitiveness
Emirates Competitiveness Council signs MoU with National Bureau of Statistics
Ranked among the world’s top destinations to live and do business, the UAE has reiterated...
Dubai Consumer Confidence Index advanced above average
Consumers and business owners in Dubai have stepped into the final quarter of 2012 with renewed confidence and a brighter outlook on jobs and...
Abu Dhabi Economic Outlook – Solid & Sound
Gradual fiscal consolidation is bringing the Abu Dhabi central government fiscal oil break-even price lower, after the spike due to exceptional support to Dubai,...
UAE Consumer Confidence Remains High, Declines in Q1 2016
Consumer confidence in the United Arab Emirates (UAE) remained at an optimistic, above-the-baseline score of 104, but declined four-points from the previous quarter. Interestingly,...
Effective June 1st, UAE Commercial Companies Law allows 100% Foreign Ownership
UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1st, 2021, allowing foreign investors and entrepreneurs...
UAE Economic & Strategic Outlook
Since the past few years, UAE’s economy had been performing exceptionally well on the back of surge in oil prices and strong growth in...
574 new companies register with RAK FTZ in Q2, 2011
New registrations up 30% in first half of 2011 compared to last year
Total revenue at RAK FTZ increased by 4% in Q2 of 2011
The...
Davos: U.A.E. to grow 4 percent in 2012, Al Mansouri
United Arab Emirates Economy Minister Sultan al-Mansouri talks about the outlook for the country's economy.
Global Growth on the Rise but Risks Remain, Predicts IMF
IMF projects global growth at 3.7 percent in 2014, rising to 3.9 percent in 2015
Growth pickup stronger in advanced economies; higher external demand to...
Outlook 2016: Global Growth Edges Up
Economists at Goldman Sachs have released what they believe will be the 10 biggest of 2016. Here they are:
1. Global growth, more stable than...
Dubai Year in Review 2016 – Plenty of Opportunities
While low oil prices weighed heavily on many of Dubai’s trading partners and neighbours, the emirate delivered a strong economic performance in 2016, buoyed...
Double taxation agreement between UAE and Saudi Arabia comes into effect
The agreement enhances integration and cooperation frameworks in tax matters, and consolidation of financial, economic and investment partnership between the two countries
It...
Fitch Rates UAE Outlook Stable ‘-AA’
Fitch Ratings Inc., the US credit rating agency, has rated the federal government of the UAE at -AA with a Stable Outlook.
The move reflects...
Income tax in the pipeline
During the GCC summit in Muscat, Oman, the six Gulf nations have agreed in principle to implement corporate and individual income tax by 2012...
Mohammed Bin Rashid Establishment for Young Business Leaders highlights governmental support...
The Government Purchase Programme at Mohammed Bin Rashid Establishment for Young Business Leaders organized a debate on the role of the government sector in...
“In Dubai we are not good in publicizing what we are...
Reuters reports that Dubai's finance chief said on Thursday the global market reaction to Dubai's shock debt restructuring was now softening and that the...