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…
Rulers in UAE are always thinking new ways to improve living and business conditions in the country. For this purpose, they are ready to adopt new and unique initiatives. UAE has constructed several such areas that provide unimaginable facilities to residents and entrepreneurs. One such really strange and majestic area is the Masdar City in…
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…
