Another step closer to VAT implementation in GCC

The Ministry of Finance in the United Arab Emirates (UAE) has recently launched a series of Value Added Tax (VAT) and excise awareness sessions...

Dubai – Best City for Expats in MENA, 74th Globally

Dubai ranks 74th globally in overall quality of living, making it the number one city in the Middle East and Africa region for...

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...

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...

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...

MENA Business Executives Call for Bold Economic Reform

The World Economic Forum’s Middle East and North African (MENA) Regional Business Council today launched a report outlining policy reforms to create jobs and...

Dubai Economy Grew 2.7% in 2016; Expected to Rise to 3.1%...

The economy of Dubai grew by 2.7% in real terms in 2016 despite declining oil prices, sluggish growth in developed as well as many...

GCC businesses focusing on getting ready for VAT

To help businesses in the GCC understand the potential impacts of the implementation and operation under VAT, Deloitte Middle East has been issuing a...

Global Economy to Expand at Rate of 2.8% in 2017

The global economy is expected to expand at a rate of 2.8 percent in 2017, better than the 2016 rate, but marking a sixth...

‘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...

UAE National Day Country Report Released

December 2nd, 2016, is a day that embodies the Spirit of the Union and celebrates 45 years of great achievements since the federation was...

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....

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 Consumer Confidence rose in Q2 of 2016; Highest in MENA...

The United Arab Emirates’ second-quarter score reversed a four-point decline in the first quarter with a five-point increase to 109, making it highest in...

Demography to play a crucial role in GCC economic growth

GCC economic growth and future is linked to the dynamics of the region’s demography Dependency ratio will be an issue due to the...

Stagnating global economy outlook may turn into a downturn

Last week the International Monetary Fund issued an “urgent” call for the world’s largest economies to roll out more policies to boost growth, painting...

UAE economy projected to grow by 2.3% in 2016; Inflation set...

The Ministry of Finance (MoF) has reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the...

Dubai Inflation Index Rose 0.76% June 2016

The monthly inflation in the prices of goods and services, part of consumers' basket in the Emirate of Dubai, rose by 0.76 percent in...