UAE is trying its best to minimize its reliance on oil & gas sector which is becoming more and more unpredictable with the passage of time. It is the reason that government is passing new laws continuously in order to assist the growth of other sectors. Even before the oil crisis of 2014, business was…
Earlier this year, Dubai’s Crown Prince Sheikh Hamdan bin Mohammad launched 26 projects by 24 government entities of Dubai as part of “Dubai 10X”, aimed to make Dubai the hub of innovation. Under this initiative, DAFZA (Dubai Airport Free Zone Authority) has now announced its plans to start two of these projects, Dubai Blink and…
The idea of a knowledge-based economy mainly emerged in UAE after the oil crisis in 2014. But it is not a new concept as far as the emirate of Dubai is concerned. The most modern emirate of UAE was already focused on building a foundation of its economy on knowledge and modern technology for the…
There is a surge in facilitating different industries and trades in UAE since 2014. It is primarily as an effort to reduce the burden of economy on unreliable oil sector and expansion and diversification of economy by including different other sectors for economic growth. The UAE as a country is facing this oil-related problem just…
UAE is moving forward rapidly in transformation of its economy where more importance is given to sectors based on education and knowledge. Dubai is the pioneer of this new strategy. Several small and large steps have been taken for this purpose especially by the government of Dubai. One special step in this regard is the…
Entrepreneurs around the world have different motives and priorities. A good business-friendly jurisdiction provides wide-range business opportunities for entrepreneurs with different choices. An important reason for which UAE is known as a business hub is the presence of various types of business opportunities for people with different priorities. Two main business jurisdictions that provide two…