Several reports and statistics are confirming positive effects of UAE’s firm stance on growth of non-oil private sector. UAE has taken several steps to bolster this area in order to minimize its reliance on oil sector, especially after oil crisis 2014. For this purpose, UAE is trying to provide incentives and facilities to several other…
The government of UAE is evaluating effects of VAT (value added tax) on various sectors and industries since implementation of this tax from January 01, 2018. The progress report of different sectors show mixed results. Few sectors suffer badly after implementation of VAT while others attained steady growth. The government also takes action to reduce…
Business and tourism are two main sectors that always remained priority for Dubai to attain its economic growth in the absence of large reserves of oil & gas. Business sector faced few ups and downs in the emirate due to various reasons. But the sector that remained backbone of Dubai’s economy and always remained reliable…
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…
The recent changes in the weather pattern all over the globe are clearly showing the dangers of global warming. It is feared that the climatic disturbance will create several disasters in different parts of the world due to extreme heat, drought, melting of ice in Arctic and Antarctica etc. Therefore, it is the responsibility of…