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,...
Category: Economy
Home
Economy
Post
UAE to Lead GCC with Strongest Economic Growth in 2025
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...
Post
28.12.202428.12.2024Economy
UAE Trade Set to Close 2024 at AED 3 Trillion
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...
Post
28.12.202428.12.2024Economy
Gulf Nations Adapt Strategy to Attract Multinationals Amid Tax Changes
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,...