UAE is known as one of the most favorable destination for people from around the world. Every year, the rich Gulf country is visited by millions of tourists while thousands also choose UAE as their place of residence for various reasons. The abundance of job and business opportunities is just one of many reasons for…
UAE is ahead of other gulf nations in various sectors. Either it is tourism, entertainment, education, technology or other sectors, UAE can be seen above par of its neighboring countries. The achievement of the country in various financial sectors is widely acknowledged. Apart from that, the rich Gulf nation is not unaware about the importance…
Continuous low oil prices in international market forced UAE and other Gulf countries to change their strategy and replace the oil based economy by focusing on other sectors. UAE remained pioneer in this matter as it was already leading the region in tourism, business and other non-oil sectors. UAE was also quick to change the…
Value Added Tax (VAT) in UAE has a wide scope and it covers almost every sector of the country’s economy. Although the tax is very small (just 5%) but many businesses are affected by this tax and they are feeling somewhat pressurized. But not every segment, is facing the problem of this newly implemented tax…
Different reports and indexes by reliable international organizations have approved the improvement of business opportunities and overall wellbeing of the people of UAE in recent past. Now it is also known through a latest report that the people (both citizens and expats) in UAE are one of the happiest residents in the world while the…
Like all the other Gulf nations, the overall economic prosperity and growth of UAE in the past was primarily based on its oil & gas sector. Apart from Dubai, all the other six emirates of the country were relying heavily on the energy sector. Dubai is the only emirate that was forced to utilize other…