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…
Muslims constitutes around 20% of total world’s population with more than 1 billion adherents. It is estimated that their population share will increase up to 25% of world population by 2030. This huge population has its own specific dietary requirements (consumption of halal food) that form a huge food market. Interestingly, this huge Halal market…
Recently, the UAE government has taken several steps to assist various big and small businesses for growth of their economic activities. These steps will play important role in the overall progress of business activities of the country. But no business activity can survive for longer without the implementation of necessary rules and regulations and UAE…
UAE is hub of business in MENA region and occupies an important place among the business-friendly countries in the world. The country achieved this status mainly due to efforts of the emirate of Dubai that took initiative in adopting innovative policies for entrepreneurs and they are continuously improving these policies. A new such step is…
UAE is not only providing best business and job opportunities for locals and foreigners but the country is also in effort to make best business environment for both company owners and staff. Every now and then, new rules and regulations are introduced to create harmony and better relations between employers, employees and authorities and make…
After two months of implementation of value added tax (VAT) in UAE, now the time has come for the government to receive its initial share of the tax. Recently, Federal Tax Authority (FTA) in UAE has announced the last date for submission of tax returns for businesses registered for VAT (value added tax). According to…