VAT reporting deadlines in the UAE to be relaxed
The UAE's tax authority has announced that it will be relaxing the reporting deadlines for VAT, for those businesses which qualify for the new scheme.
UAE Economy Will Bounce Back From VAT Blow
With the introduction of a 5% value added tax (VAT) in January 2018, analysts believe consumers will rush to make any large purchases at the tail end of 2017. This increased spending…
Economic Growth Rate in the UAE to More Than Double to 3.6 Percent
The economy in the UAE is expected to grow by 3.6 percent in 2018, up from the 1.7 percent growth the country experienced in 2017. Economists also believe the country’s GDP will…
UAE Non-Oil Private Sector Sees Strong Growth in September
Expansion in the UAE’s non-oil private sector has remained sharp, marking the strongest recorded quarter in two years. The recent improvements in business conditions was driven…
UAE Planning Initiative to Boast SMEs
Dubai: The United Arab Emirates is preparing to introduce effective programmes to support and encourage small to medium sized enterprises (SMEs) in addition, to mediating the integration…
Jebel Ali Free Trade Zone Reaches $80.2 billion in 2016
(JAFZA) Jebel Ali Free Zone has revealed that its non-oil foreign trade increased by 17% from 23.9 million to 27.9 million tonnes in 2016, worth $80.2 billion
UAE Leads GCC in Private Wealth Growth
Private wealth in the United Arab Emirates, which hosts one of the highest concentrations of the world’s super rich, is expected to record the strongest growth in the Gulf Cooperation…
UAE Non-Oil GDP to Pick Up in 2017
Standard Chartered expects a slight pickup in the UAE’s non-oil economy with a 3.2% growth in 2017 supported by “a loosening of belt” by Abu Dhabi.