UAE economy Estimated to grow 4.8% by the end of 2014

According to the United Arab Emirates’ Minister of Economy, Sultan Bin Saeed Al Mansouri, by the end of 2014, the UAE’s Gross Domestic Product (GDP) is expected to reach Dh419 billion. When examining the growth of the UAE from the time the Federation was created forty-three years ago in 1971, its GDP has grown significantly. […]


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UAE ranked in the Top Five Offshore Markets for Client Origination

A group of experts were assigned to name the top ten locations referring to client origination for the following five years after examining Middle East records. After examining the results closely they positioned the United Arab Emirates (UAE) in 5th position, after leading markets such as the UK, China, Hong Kong and the USA. Singapore, […]


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UAE Minister of Economy opens mega-trade event in Dubai

DUBAI: Sultan Bin Saeed Al Mansouri, Minister of Economy, said today that the UAE’s sound economic infrastructure and business-friendly environment has made it an ideal partner for the world’s commercial interests. “The considerable economic resilience of the UAE has helped minimise the impact of regional instability on our economy, and enabled us to continue with […]


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Record Earning for UAE banks

According to Expo 2020, United Arab Emirate (UAE) banks will generate increased profits since the government is spending more on infrastructure and lending is on the rise. As usual, during the summer season UAE’s business activity slows down due to the Ramadan. The banks have shown an upward track, surpassing 4% from the time the […]


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Investors Retard UAE’s Financial Goals

A recent survey proved that the majority of investors in the United Arab Emirates (UAE) have an emotional reaction towards markets, which creates an obstacle and slows down the financial goals set by the nation. On the other side, expert UAE financial consultants anticipate a 24% growth in the nation’s business sector the following year. […]


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UAE’s International Tax Overview

Basic Investment Information: Principal Business Entities Non-UAE nationals may obtain up to 49% of any registered UAE company, even though they may acquire 100% of shares regarding companies located in the UAE’s free trade zones. Corporate taxation: Resident Company A resident company refers to a company located in the UAE as long as it meets […]


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UAE seen by High Net Worth Individuals as a ‘safe haven’

In keeping with the latest report published in the Barclays Insights Series, economic security and opportunity are the two main features that drove 65% of well-off individuals to continue living within the UAE for the following five years. Generally, the rich view the UAE as a safe haven, in terms of economic security and business […]


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UAE-Russia relations growing

Moscow can benefit from UAE’s advantages of an open economy In general, the UAE-Russia relations have been growing from strength to strength in recent years driven by the desire of the leadership in both countries towards improving synergies as well as increasing tax exchange. The growing relationship between the two countries was cemented by the […]


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UAE economy set for a sustainable boom

Solid fundamentals and non oil sectors are the main driving force behind GDP growth, according to statistics from the Institute of International Finance. Dubai: The UAE economy recorded a 4.7% growth in 2013, the highest since 2006 (9.9%), aided by   increased oil production and strong recovery in domestic demand. This growth trend is set to […]


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UAE’s MoF Signs Tax Transparency MoU with DMCC

 UAE’s (United Arab Emirate) Ministry of Finance (MoF) has signed an MoU (memorandum of understanding) with the DMCC (Dubai Multi Commodities Center) , the UAE’s largest  and fastest growing free trade zone, at the headquarters of the ministry in Dubai. The MoU will assist in ensuring international standards of transparency in the exchange of information […]


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