IMF Sees Limited Impact of VAT on UAE Economic Growth

On July 7, 2017, the Executive Board of the International Monetary Fund (IMF) concluded its latest assessment of United Arab Emirates economic outlook. Economic performance...

A few thoughts on global economic recession 2016

Global economic recession is not just a terminology at which you have glimpsed while browsing social media on your smartphone. It is rather a disturbing...

A Sweeping Overview of Abu Dhabi’s Investment Climate

A new report just produced by the global research and consultancy firm Oxford Business Group (OBG) provides a sweeping overview of Abu Dhabi’s investment...

Small Businesses in UAE to face more difficulties in 2016

UAE-based small and medium enterprises struggled to raise and collect money during the last quarter, pushing plans to recruit, launch products or open new...

Dubai Year in Review 2016 – Plenty of Opportunities

While low oil prices weighed heavily on many of Dubai’s trading partners and neighbours, the emirate delivered a strong economic performance in 2016, buoyed...

Tax reform in the GCC approaching

Tax reform in the Gulf Cooperation Council (GCC) region is a matter of when, not if, and Saudi Arabia is not immune. The Kingdom,...

Christine Lagarde concludes her official visit to the UAE

The Ministry of Finance (MoF), received Christine Lagarde, Managing Director of the International Monetary Fund (IMF) on the sidelines of the World Government Summit...

Saxo Bank Warns of Possible Global Economic Slowdown

The GCC states are likely to face economic challenges this year due to the increased risk of a global economic slowdown created by global...

VAT is set to truly be taxing, with next 13 months...

Diversification, changing operating models and promoting smart initiatives led by technology and employment continue to be key trends as we move into Q1 2017....

Dubai, Abu Dhabi amongst The Most Expensive Cities Worldwide

Dubai and Abu Dhabi have been ranked the most expensive cities to live in across the Middle East, according to Mercer’s 2016 Cost of...

Global Economy Set to Grow 3.2 Percent in 2018

The global economy will expand 3.2 percent in 2018, matching the rate of growth achieved in 2017 and marking the first time since 2011...

‘Britain is open for business’

British Embassy in partnership with Crowe Horwath hosted a key meeting aimed at enlightening existing and potential entrepreneurs on the challenges and opportunities of...

IMF revises GCC countries’ GDP growth forecast to 1.8%

The International Monetary Fund revised once again its projection about the economic growth in the GCC countries. The latest estimate for 2016 has been...

Salary Increase: MoF implementing decisions of UAE President

Ministry of Finance is working on implementing decision issued by UAE President on occasion of UAE’s 40th National Day regarding salary increase

UAE Consumer Confidence Took a Slight Dip in Q3 of 2016

The United Arab Emirates (UAE) consumer confidence declined by one point from the previous quarter to a score of 108, according to consumer confidence...

UAE’s infrastructure ranks 4th worldwide

Well developed infrastructure is a critical factor underpinning economic growth and strength. Effective transport, power and communications networks create the conditions for businesses to...

UAE Consumer Confidence Rose to 110 – Highest Regionally

United Arab Emirates (UAE) posted a consumer confidence increase of two points in the second quarter, reaching an index score of 110 -- the...

Dubai’s Private Sector Business Activity Signals Robust Growth

January data signaled the strongest improvement in non-oil private sector business conditions for nearly two years. This was highlighted by the seasonally adjusted Emirates NBD...