For the first time, United Arab Emirates (UAE) has implemented Value Added Tax (VAT) on businesses in the country effective from 1st Jan 2018. For companies not complying to the VAT laws and regulations, stiff penalties are imposed ranging...
UAE’s non-oil sector expanded sharply in Q4 2017 with the introduction of Value Added Tax (VAT)  December data signalled a strong end to the year for the UAE’s non-oil private sector, with business conditions improving at the sharpest pace in 34...
As far as years go, UK Prime Minister Theresa May must be glad to see the end of 2017 as are many others in Britain and around the world. In matters Brexit, it was a year of low-level chaos...
Just as Theresa May's government appeared to be on the brink of collapse, the European Commission President asked the British Prime Minister to meet him in Brussels to jointly announce that negotiators had achieved the breakthrough needed in order...
It's starting to heat up in Brexit-land after 17 months of jockeying for position, and this month more than any month since June 2016 might indicate whether UK Prime Minister Theresa May's critics are right or wrong. Will Theresa May...
On June 23, 2016 the United Kingdom held an historic referendum so that voters could decide whether they wanted to leave the European Union governance architecture and over 52% of UK voters elected to "Leave" the EU. Subsequent divorce negotiations...
"No separate ways of thinking, no divisions, no restrictions". These are the opening lines of Saudi's NEOM's trailer. Women in modern clothes, clean energy sources and a lot of open mindedness -- NEOM, Saudi Arabia's $500 billion mega city...
FTA issues guidelines for smooth VAT system rollout 17 point guidelines for businesses to help companies in the UAE to transition to the new tax system The UAE Federal Tax Authority (FTA) has issued a guideline to the local businesses for...
Sharjah, one of the seven Emirate of the United Arab Emirates (UAE) is often overshadowed by its bigger Emirates' Abu Dhabi and Dubai. However, as much there is advancement and robust growth in Dubai and Abu Dhabi, Sharjah is...
startAD's Venture Launchpad is UAE’s first hardware startup program aimed at making Abu Dhabi the center for innovation in hardware. The hardware venture launchpad provides startups with the resources, tools, and network to accelerate significantly in a short time span. startAD has...
Bloomberg Intelligence analysis states the Saudi decision to lift the driving ban on women could generate as much income as Saudi Aramco IPO   The recent decree by King Salman bin Abdulaziz Al Saud allowing women to drive is set to...
• 64 per cent of UAE CEOs expect major disruption in their sector in the coming three years • 88 per cent of UAE CEOs believe that there will be growth in their own industry over the next three...
report is our major annual economics study, which measures the factors that are crucial to future productivity and prosperity. Ten years on from the global financial crisis, economies remain at risk from further shock and are ill-prepared for the...
Dubai rises to Top 20 of the world’s most expensive cities for expatriates to live in Dubai and Abu Dhabi ranked as the second and third most expensive Middle Eastern cities for expatriate cost of living Despite worldwide changes, multinationals focus...
In the run up to Ramadan 2017, YouGov surveyed residents in the UAE and Saudi Arabia as part of their annual Ramadan study to discover expected changes in consumer behaviour in and around Ramadan.  In the survey, not surprisingly a...
Growth attributed to region’s young population with high disposable income & high internet penetration rate 2016 industry value stood at USD 4.8 billion GCC market to hit USD 20-billion mark by 2020 The number of online shoppers in the...
Deloitte offers free and interactive VAT app to GCC businesses and individuals With the progressive implementation in 2018 and the representatives of the Member States of the GCC having agreed on a formal VAT system Treaty across all six Member...
News Summary:  His Highness Sheikh Ahmed bin Saqr Al Qasimi appointed Chairman  Rest of Board comprises leading government and business individuals from the region as well as international legal, compliance and regulatory experts  Joe Moynihan, former Director of Financial...
Under-Employed, Under-Inclusive and Under Threat: the World in 2017 The Global Risks Report 2017 Summary: The Report highlights the potential of persistent, long-term trends such as inequality and deepening social and political polarization to exacerbate risks associated with, for example, the weakness...
UAE is a thriving hub for business and industry according to LinkedIn’s UAE Economic Graph LinkedIn, the world’s largest professional network, has unveiled new research providing insight into the UAE economy. The research shows that the UAE is becoming a...
Knowledge and Innovation to remain Dubai's priority - Sheikh Hamdan, Crown Prince of Dubai The emirate of Dubai has worked hard over the past several decades to develop wider, more diversified economic bedrock to power growth. As a result, the emirate...
SAP Launches Talent Search for Innovative Startups Across MENA One of the world’s largest technology companies announced a talent search for entrepreneurs across the Middle East North Africa region to support groundbreaking ideas with a long-term impact for the region...
Despite spending $11 billion on the World Cup, Brazil has not be been able increase the nation’s visibility and consolidate an image of “happiness and receptivity” to boost its tourist potential. Moreover, its image has taken beating due to...
When the Leavers claimed victory in the referendum, mainstream media as well as  social media went into a frenzy predicting doomsday for UK. Ironically the similarities are striking – where social and economic discontent capitalised by tapping the fear...
Ramadan Consumer Behaviour Study 2016 -53% of consumers in the UAE, Saudi Arabia and Egypt will spend more money during the Holy month -Price offs and discounts to attract 78% of consumers in the UAE, Egypt and Saudi Arabia to spend...
Findings from Labbrand’s recent survey also indicate an inherent paradox embodied in the nature of tertiary education today. Multiple market forces are creating pull and push tensions, which appear contradictory and difficult to manage. Catering for a diverse international,...
Our sit down with Bhupender Nath, CEO and Owner of Passion F&B, on ease of doing business in UAE amidst looming oil price slump and its impacts. What brought you to Dubai -- work or personal reasons? Business brought me to...
Whether you’re going on a first date, celebrating your wedding anniversary or proposing to the one you love, Dubai is not short of special restaurants that cater for each and every special occasion. In this article we look at three...
Latest figures released by Google shows India’s growing inclination towards e-commerce and online purchases which witnessed an  unprecedented surge in 2015. Piyush Gupta writes on what awaits the sector in 2016. Google released a list of what India searched for...
UAE-Italy bilateral trade stood at Dhs. 25.7 billion in 2014 Expo Centre CEO Attends UFI Meeting, Visits UAE Pavilion at Expo Milano The exhibitions and meetings industry has a lot to gain from the growing trade and business relations with the...
Iran at the crux of opening up for business again, huge potential for Auto One of the best things that the recent nuclear deal is spelling out for Iran is the phasing out of economic sanctions. Once the sanctions are...
Who is trying to weigh the yellow metal down? Do you know the answer? Do we have a new hero in the making, say the Yellowman? Just like Batman, works in the dark, at the most unassuming hours and does...
Fuel subsidies have been on the radar for quite some time now, finally the decision is here The International Monetary Fund must be heaving a big sigh of relief. After multiple reiterations, at least one country in the Middle East...
Economic co-operation with Australia is the key Mohammed Thani Murshid Al-Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry (FCCI), and Chairman of the Board of Abu Dhabi Chamber of Commerce and Industry (ADCCI) and Ambassador...
Infrastructure drives foreign trade, soars 3% in Q1 2015 Dubai’s foreign trade soared 3% in Q1 2015, hitting AED 331 billion compared to AED 323 billion in the same period of 2014. The growth is attributed to the emirate’s heavy investment...
Dubai's ambition of becoming world's capital of Islamic economy on track, Sukuks (Islamic Bonds) listed on Dubai's exchanges rose to AED135 billion in 2015 Vice President and Prime Minister and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, Wednesday...
Op-Ed by Steen Jakobsen, Chief Economist of Saxo Bank This is now officially a Greek tragedy. In many ways, it is relatively easy to understand why the result was a No from Greece. There is little to lose, as a Yes...
Latest Emirates NBD data shows that the UAE PMI has fallen to a near two year low, signaling sluggish economic growth UAE non-oil private sector economy dropped to a 22-month low of 54.7 in June, down from 56.4 in May Non-oil private...
Moody's says that European banks are better positioned to manage a Greek exit, though periphery banks remain vulnerable to risks During the course of 2015, the risk of Greece (Caa2, negative) leaving the European Economic and Monetary Union -- so-called...
DP World lists 500 million US dollar conventional bond listed on Nasdaq Dubai today. The total nominal value of conventional bonds on Dubai’s exchanges has now reached 11.82 billion US dollars. His Excellency Sultan Ahmed Bin Sulayem, Chairman of DP World,...