Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a 5 percent value-added tax at the start of next year, despite administrative and technical obstacles, a senior United Arab Emirates finance official said on Sunday.
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Outlook for UAE economic growth improves, poll says
Backing up these assertions is the harder PMI data. The UAE’s non-oil business activity rose to a six-month high in January, thanks to a rise in new orders, higher output and improved demand from overseas, according to the latest sentiment survey from …
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How Blockchain Can Kick-Start the UAE’s Startup Economy
Blockchain technology can act as a kick-starter for the UAE’s startup ecosystem, by speeding up transactions and better connecting the business community. That is the view of a new report released by tech consulting firm Booz Allen Hamilton, Tuesday.
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UAE says expects higher compliance with OPEC, non-OPEC deal
“The first month I see the commitment around OPEC has been there from the various independent sources. The level of commitment is high and we are expecting to see more commitments in the months to come,” Suhail bin Mohammed al-Mazroui told reporters. OPEC …
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UAE expects higher OPEC, non-OPEC compliance to oil deal
Compliance with a global supply cut deal by OPEC and non-OPEC oil producers has been high in January and that level of commitment is expected to improve over the next months, the United Arab Emirates Energy Minister said on Sunday. “The first month I see …
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Emirates marks four years of operations to Poland
The new scheduled flight opened up enhanced opportunities for business, trade and tourism, strengthening ties between the UAE and Poland and forging a longstanding and invaluable partnership between the two countries. During the past four years …
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Don't be gloomy, Dubai business is booming
Dubai’s private sector started 2017 on an upbeat note by recording the sharpest rise in output in almost two years, new data suggests. Travel and tourism continued to drive the upswing supported by wholesale, retail and construction sectors in January …
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Dubai business surges most in two years
Dubai’s private sector started 2017 on an upbeat note by recording the sharpest rise in output in almost two years, new data suggests. Travel and tourism continued to drive the upswing supported by wholesale, retail and construction sectors in January …
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Dubai business surges most in 2 years
Dubai’s private sector started 2017 on an upbeat note by recording the sharpest rise in output in almost two years, new data suggests. Travel and tourism continued to drive the upswing supported by wholesale, retail and construction sectors in January …
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Dubai FDI promotes investments at the House of Commons
… role of Dubai, and the UAE in general, in facilitating global trade and channeling investment into potential markets were highlighted at a meeting at The House of Commons in London recently, which was organized by the Diplomat Business Club with the …
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Dubai one of world’s most visited cities: Euromonitor
Dubai: Dubai attracted more than 14 million visitors in one year, making the city one of the most visited destinations in the world, according to the latest data released by Euromonitor International. The market research firm, which ranks cities according …
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Five Issues UAE Businesses Need To Be Prepared For In 2017
As we enter 2017, there are a number of issues that owners of UAE businesses of all sizes and across all sectors will face. In this article, I will highlight the areas we, as a business ourselves, feel will be hot topic items in 2017, and the biggest …
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Dubai FDI promotes investment opportunities at the House of Commons
The role of Dubai, and the UAE in general, in facilitating global trade and channeling investment into potential markets were highlighted at a meeting at The House of Commons in London recently, which was organised by the Diplomat Business Club with the …
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DED allies with International Live Events Association to strengthen business community engagement
The MOU is part of the efforts to involve the business community groups to support the growth of strategic economic sectors, in line with the mandate of DED. The main objective of the BCE initiative is to add value to Dubai’s economy by activating more …
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Economy class passengers can now buy their way into Emirates' luxurious first class and business lounges for as little as $130
The airline are now giving members of its loyalty programme and their guests access to its luxury lounges at Dubai International Airport. The business lounge features a health hub, an exclusive first-of-its-kind Moët & Chandon champagne lounge as …
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Revealed: Top recipient of UAE remittances
repeat business and a very strong network of agent partners across all our core markets.” The company predicted that remittances will continue to grow this year. According to the World Bank data, the UAE is the third-largest outward remittance market in …
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What will Virgin Mobile’s entry mean for the UAE telecom market?
Speaking to reporters, Sultan asserted that the launch of Virgin Mobile is “fully compliant with the current regulatory framework” in the UAE. “Nothing prevents us from launching another brand within our business,” he said. According to IDC …
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