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UAE president announces $30bln fund to tackle climate finance gap

UAE president announces $30bln fund to tackle climate finance gap

by admin | Dec 1, 2023 | Uncategorized

Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi today announced a $30 billion fund to bridge the climate finance gap and create affordability in the fight against climate change. At the opening of the World Climate Action Summit at...
UAE Ministry of Finance updates Corporate Tax regulations for free zones

UAE Ministry of Finance updates Corporate Tax regulations for free zones

by admin | Nov 6, 2023 | Uncategorized

Dubai: The UAE Ministry of Finance has released two significant decisions, Cabinet Decision No. 100 of 2023 and Ministerial Decision No. 265 of 2023. Under these decisions, changes have been made to qualifying income and activities in free zones. “Free zones are...
Dubai’s non-oil economy hits 10-month high on new business

Dubai’s non-oil economy hits 10-month high on new business

by Danissa Guotana | Jul 14, 2023 | Uncategorized

Business activity in Dubai’s non-oil private sector economy rose to a ten-month high in June, boosted by a sharp rise in sales and new orders as demand growth quickened. The emirate’s seasonally adjusted S&P Global purchasing managers’ index...
UAE’s GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed

UAE’s GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed

by Danissa Guotana | Apr 19, 2023 | Uncategorized

The UAE economy has seen remarkable growth in the past 17 years ever since His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, took the reins of the government – with the real GDP more than doubling...
Dubai Chambers now plans to launch country-specific business councils

Dubai Chambers now plans to launch country-specific business councils

by Danissa Guotana | Feb 21, 2023 | Uncategorized

Dubai: Dubai Chambers will soon establish country-specific business councils under its umbrella to add to the sector related ones it already has. The plan is to create more possibilities for business connectivity, both within industry verticals and beyond them. “We...

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