Abu Dhabi is in the process of transforming its economy. Abu Dhabi has large reserves of oil and its economy was primarily based on export of oil and petroleum products. But everything changed after 2014 oil crisis. Abu Dhabi and UAE as a whole decided to change its economy from oil-based to knowledge-based in order…
The importance of free zones for UAE’s economy is not unknown. It is the reason that all the emirates of UAE are trying their best to introduce more and more free zones and provide exceptional facilities to companies setting up their business there. Like other major business activities, Dubai is ahead of other emirates by…
In order to promote foreign investment in UAE mainland, UAE recently introduced several reforms. One such important step is allowing 100% company share to foreign entrepreneur. Previously, they were only allowed maximum 49% shares in businesses in UAE while 100% shares for foreigners were only allowed in various free zones. This was an important reason…
Rulers in UAE are always thinking new ways to improve living and business conditions in the country. For this purpose, they are ready to adopt new and unique initiatives. UAE has constructed several such areas that provide unimaginable facilities to residents and entrepreneurs. One such really strange and majestic area is the Masdar City in…
An important aspect of latest UAE’s economic strategy is growth of non-oil sector. This includes flourishing all types of business activities and providing facilities to different trades and companies. One such sector that is now gaining more attention in UAE and Dubai is the textile sector. UAE itself has a large textile sector and it…
Most of the times, companies in their beginning stage complete all of their tasks by themselves. It is easier for them due to minimum amount of work and it is also cost-effective. But with the advancement in business activities, it becomes difficult for them to handle the ever-increasing tasks by themselves due to overload. It…