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Category: Economy
Sharjah has taken a significant step to boost its economy by forming the Higher Committee for Economic Integration. The committee will focus on streamlining development across various sectors, including free zones and the mainland. This move aligns with Sharjah’s ongoing efforts to fast-track infrastructure projects and establish new business clusters, particularly for startups. The committee...
The UAE has kicked off 2025 with significant policy changes aimed at improving healthcare access, protecting the environment, strengthening the economy, and boosting Emiratisation efforts. The National summarized all the new reforms, which took effect on January 1 and set to shape the country’s agenda in the coming year. One of the major changes is...
The UAE has made remarkable strides over the past year, according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Reflecting on these accomplishments, Sheikh Mohammed expressed pride in the nation’s progress and shared his optimistic outlook for 2025. In a post on...
Salaries in the UAE are projected to see minimal growth in 2025, with increases expected to remain in the low single digits or stagnant, according to recruitment consultants. Experts attribute this trend to the continued influx of skilled expatriates and already high salary levels in the region. Trefor Murphy, CEO of recruitment firm Cooper Fitch,...
The UAE is set to retain its position as the fastest-growing economy in the GCC in 2025, with a projected growth rate of 6.7%, according to KPMG’s latest CEO Outlook report. As reported by Khaleej Times, this marks a significant rise from the 3.8% growth expected this year. The growth is being driven by the...
The UAE is set to end 2024 with a record-breaking AED 3 trillion in non-oil foreign trade, according to recent figures. This milestone reflects the country’s effective trade strategies and ambitious economic policies aimed at achieving its “We the Emirates 2031” vision. According to Al Khaleej, in the first half of 2024 alone, the UAE...
Gulf countries are rethinking their approach to attracting multinational companies as they prepare to adopt a global minimum corporate tax of 15 percent by January 2025. Historically known for their tax-free environment, these nations are now offering targeted incentives to stay competitive and lure investments. The UAE, which introduced a 9% corporate tax last year,...