The UAE’s free zones have long been an attractive choice for banks, investors, and businesses. Offering 100% foreign ownership, tax benefits, and a supportive regulatory environment, these zones have become central to the country's success in attracting global financial players. However, the tax landscape is shifting.
In today's interconnected world, businesses have unprecedented access to international markets. Companies of all sizes can now venture beyond their domestic borders, opening new avenues for revenue generation and growth opportunities.
The Dubai Centre for Family Businesses has introduced two specialised toolkits designed to help family-run enterprises manage disputes and strengthen internal relationships.
The UAE’s foreign trade has surpassed AED 3tr ($817bn) for the first time ever, expanding at 14.6% in 2024. Having set a target of AED 4tr ($1.09bn) in foreign trade by 2031, the country has already achieved 75% of that goal within just three years.
Abu Dhabi-based Modon Holding has announced a definitive agreement to acquire Arena Events Group through a deal with International Holding Company (IHC) and TasHeel Holding.
With the start of UAE-Kuwait Week, the two GCC nations are aiming to enhance economic and cultural cooperation. The two-day event in Dubai gathers ministers, senior officials, and key business leaders from both countries to explore avenues for further collaboration.
Dubai’s real estate sector is set to continue its upward momentum in 2025, fuelled by investor confidence, an expanding luxury segment, and rising demand for commercial properties.
Ooredoo Group has signed a landmark agreement with Alcatel Submarine Networks to construct a high-capacity submarine cable system that will connect seven Gulf nations – Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq.
The Central Bank of the UAE (CBUAE) has announced that the base rate for the overnight deposit facility (ODF) will remain at 4.40%. This decision aligns with the US Federal Reserve’s move to keep the interest rate on reserve balances (IORB) unchanged.
With a promising future ahead of it, the emirate of Fujairah has seen excellent growth, expanding its economy by about one third since 2021, and currently showing year-on-year growth of around 8%.
Sign up for our free newsletter