The committee also witnessed the signing of an MoU between the Saudi Fund for Development and the Ministry of Economy of Azerbaijan
The review expected the non-oil GDP to grow by 6.1 per cent in 2022, against 4.3 per cent previously, with the oil GDP to expectedly grow by 11 per cent this year
The MoU came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its export activities
The law stipulates providing an appropriate work environment for domestic workers
The MoU stipulates the entry, residency, and employment of Armenians in the UAE in accordance with the country’s legislations
The emirate hosted 10.12 million international visitors from January through September 2022, compared to 3.85 million welcomed during the same period last year
The new openings bring the number of Dubai International Chamber’s representative offices around the world to 15
Oil activities in the third quarter increased 14.2 per cent year-on-year
The federal decree-law on personal status will come into effect from February 1, 2023
The slew of developments that we have seen in the UAE on a legislative and regulatory level in various industries are further proof of the government’s support for the business community
The UAE is among the best countries in terms of readiness to meet the needs of the labour market for significant skills and expertise
The country’s corporate tax regime will levy a standard rate of 9 per cent on taxable profits exceeding Dhs375,000
The government’s total expenditures for the 2023 fiscal year are estimated at Dhs67.5bn
Non-oil foreign trade crossed Dhs583bn during the third quarter of the year
The agreements covered sectors like green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation, logistics, medical industries, housing and construction factories
Revenues are now set to reach SAR1.13tn, slightly more than projected earlier
In 2021, non-oil trade between the UAE and Ukraine reached $904.4m, increasing 28.4 per cent over the previous year
Gold tends to have a negative correlation with the dollar and rates as it does not bear interest and is priced in the US currency
The formation of the council is aimed at developing joint projects and exchange expertise
Qatar’s tourism, hospitality, and real estate sectors show the most promise to drive growth
Byrne, who has nearly 30 years’ experience in the finance industry, joined QIA this month
The plan would create new channels of economic cooperation between business communities in Dubai and worldwide markets
Among the policies welcomed by the agency were expenditure cuts and a doubling of value-added taxes in January
Israel exported $188m in rough diamonds to the UAE in 2021, and that number is set to grow after the nations signed a free trade deal in June
Americana will be the first company to have its shares traded in both Riyadh and Abu Dhabi
Abu Dhabi’s non-oil GDP grew to Dhs273bn, contributing more than 50 per cent to the emirate’s real GDP
Anwar’s swearing in will be at 5pm local time
The fund expects the country’s non-hydrocarbon growth to be around 4 per cent in 2023
The OPEC member recorded the highest non-oil revenue in seven years, up 38.5 per cent to KD2.4bn
Domestically, real non-oil GDP growth expanded by 5.9 per cent, following six consecutive quarters of growth