Despite concerns about the effects of newly implemented value added tax (VAT) on businesses in UAE, the Department of Economic Development (DED) is confident that the new tax will impact positive changes on local businesses as well as on the economy of UAE as a whole. According to an official of DED, the implications of…
Fujairah is one of the seven emirates of UAE. The geographical location of Fujairah makes it a unique one different from all other emirates. Fujairah is the only emirate present exclusively along the Gulf of Oman. All the other emirates are either located around Persian (or Arabian) Gulf or have access to both Persian Gulf…
Sharjah is the only emirate in UAE that has access to both west and east coast of Persian (or Arabian) Gulf. This strategic location is quite helpful for the most important northern emirate and it is using it for financial gain. Around 40% of industries in the UAE are located in Sharjah while it was…
Free zone is an important aspect of UAE and all the 7 emirates are trying to make full use of these free zones for their economic growth. One of the most important free zones is UAE is Ras al Khaimah Free Trade Zone (RAK FTZ). The specific free zone was established in 2000. Recently RAK…
There is no doubt that Dubai is the hub of business in the whole Gulf region and it provides best business opportunities among all the emirates of UAE. One such indication is the presence of a large number of free zones in Dubai. But it doesn’t mean that other emirates are devoid of such business…
The emirate of Dubai contains highest number of free zones in the UAE and all these free zones are unique that are renowned in the whole world. But the most important and famous of all these is JAFZA (Jebel Ali Free Zone) which is one of the largest free zones in the world. But the…