The Vice-President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has claimed that the Foreign Direct Investment (FDI) increased by 44 percent in the year 2020. This information was shared by Sheikh Mohammed in a tweet, which read: “Despite the UN’s estimates that global foreign direct investment…
The Ajman Free Zone (AFZ) is a prominent name in the United Arab Emirates (UAE) region. AFZ remains one of the largest free zones with massive foreign investment opportunities available to everyone. The free zone has decided to showcase its attractive tourism features and investment opportunities at the upcoming Arabian Travel Market (ATM), which will…
Following a huge economical setback due to the COVID-19 pandemic, Dubai’s private sector has seen the strongest demand growth in the past 18 months. According to experts, this growth is primarily down to the efforts of the UAE government which has ensured the mass rollout of the vaccinations along with other policies introduced to overcome…
The United Arab Emirates (UAE) cabinet has decided to reduce the tax penalties in the region. This decision will encourage companies and individuals to file their taxes and also make voluntary disclosures if a mistake has been made while doing so, according to experts. Mayank Sawhney, managing director at MaxGrowth Consult-ing, said: The reduction in…
Following a difficult year due to the COVID-19 pandemic, Dubai is set to host the highly anticipated Expo 2020 in October 2021 which will run until March 2022. The event is set to attract over 25 million visitors. Expo 2020 is considered to be a universal exhibition that will attract a number of businesses and…
The Dubai Multi Commodities Center (DMCC), which is one of the world’s leading Free Zones, has broken its 7-year old for registering the most number of firms in its Free Zone in a single month. DMCC welcomed 216 new companies on board in April, which also helped the free zones achieve the best results Q1,…