All the countries in the Gulf region were forced to adopt certain new measures in order to cope with the oil crisis in 2014. But the country that remained least affected with the issue is the UAE. It is mainly due to the experience of the country for adopting strategies that decrease its reliance on…
Economic activities are constantly on rise in UAE, especially in Dubai, throughout the year since past several decades. It is the main factor behind the economic prosperity of the country and the arrival of large number of foreigners as entrepreneurs, job seekers and tourists. Different exhibitions, events and shows are held almost every month of…
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…
Most of the gulf countries developed their infrastructure and provided high life standard to their people using their oil and petroleum exports. But the continuous reduction in oil and petroleum prices since 2014 badly affected these oil and petroleum based economies. Most of these Gulf States had to decrease their incentives provided to people, expelled…