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UAE announces 5 major projects: Tax, partnerships, climate transparency and more

UAE announces 5 major projects: Tax, partnerships, climate transparency and more

by Danissa Guotana | Jul 12, 2023 | Accounting, Business, Corporate Tax

The UAE’s Ministry of Finance (MOF) has announced five major projects as it looks to develop the national economy and government readiness. The projects include corporate tax, supply chain strategies, climate data transparency and partnerships between the...
UAE attracts record Dh84 billion FDI inflows in 2022

UAE attracts record Dh84 billion FDI inflows in 2022

by Danissa Guotana | Jul 7, 2023 | Business

The UAE saw FDI inflows of Dh84 billion ($23 billion) in 2022, its highest ever, even as investments weakened globally, a UNCTAD report said on Wednesday. Globally, FDI inflows were down 12 per cent at $1.3 trillion. His Highness Sheikh Mohammed bin Rashid Al Maktoum,...
UAE announces the creation of a Ministry of Investment

UAE announces the creation of a Ministry of Investment

by Danissa Guotana | Jul 6, 2023 | Business

The Prime Minister of the United Arab Emirates (UAE), Sheikh Mohammed bin Rashid al-Maktoum, announced on his Twitter account the creation of a new ministry dedicated to investment in order to “stimulate the national investment environment and improve the...
UAE IPO boom to continue amid foreign investment and competitiveness push

UAE IPO boom to continue amid foreign investment and competitiveness push

by Danissa Guotana | Jul 3, 2023 | Business

The UAE’s momentum of initial public offerings will continue for a couple more years, as the country presses forward with measures to boost foreign investment and economic development that enhance its competitiveness, the chief executive of...
India, UAE sign agreement to fast-track customs clearances

India, UAE sign agreement to fast-track customs clearances

by Danissa Guotana | Jun 26, 2023 | Business

India and UAE have signed a mutual recognition arrangement (MRA) for authorised economic operators (AEOs) of both countries, India’s Central Board of Indirect Taxes and Customs (CBIC), said.  The AEO programme enables customs administration...

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