Browsing: UAE

MUSCAT – The UAE’s tourism sector contributed AED220 billion to the GDP in 2023, accounting for 11.7 percent of the overall economy, This upward trend is expected to continue in 2024, with projections indicating the sector will reach AED236 billion and account for an even greater share of the GDP at 12 percent.

UAE President Sheikh Mohamed bin Zayed Al-Nahyan will have a state visit to China on May 30 following an invitation…

GCC debt capital market (DCM) issuances are steadily reaching $1 trillion outstanding, but remain fragmented, Fitch Ratings said in a new report.

Held in Doha, Qatar, the meetings were attended by Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, as well as the ministers of labour and human resources from the African member states of the dialogue

The DMCC Commodity Trade Index 2024 evaluates 10 major trading hubs by analysing three crucial aspects of commodity trade across 10 specific sub-indicators, Emirates News Agency, WAM, said

Experts say grey areas like availability of 0% corporate tax benefit on high sea sales, investment in cryptocurrencies addressed in new RTA guide

The IMF had projected GDP growth for the Gulf oil exporter at 3.5% in 2024 in its most recent Regional Economic Outlook report, published in April

As per the chairman of the UAE Banks Federation, the corporate tax in the Emirates is quite low compared to other countries

GCC countries including the UAE are leveraging the increasingly interwoven economies of Asia and the Middle East and North Africa (Mena) region to diversify and reshape their economies through investments in financial services, logistics, tourism, technology, and manufacturing, a report showed.

The net profit after tax stands at $30.51mln