Oman has resumed exporting copper after a 30-year pause, a move seen as a significant step in its broader economic diversification strategy. This week, Minerals Development Oman (MDO) announced the first shipment of copper concentrates from the Lasail Mine in the Wilayat of Sohar. Once a dormant industry, copper mining is now part of the...
Abu Dhabi has added 37,000 new jobs to its tourism sector in 2024, increasing the total workforce to 225,000, up from 188,000 last year. The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) attributes this growth to global promotional efforts that have boosted visitor numbers. Saood Al Hosani, undersecretary of DCT Abu...
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,...