The United Arab Emirates is rapidly positioning itself as a global leader in artificial intelligence and advanced technology. With significant government backing, strategic investments, and a focus on talent development, the UAE aims to integrate AI across its public and private sectors, driving economic growth and improving quality of life. UAE's Ambitious AI Vision The UAE has made AI a cornerstone of...
UAE businesses are gearing up for a significant shift with the mandatory implementation of e-invoicing, set to begin in mid-2026. This digital transformation aims to streamline financial processes, enhance transparency, and deliver substantial cost savings by eliminating paper-based transactions and reducing manual errors. UAE Embraces Digital Invoicing for Enhanced Efficiency The UAE is poised to...
UAE's non-oil private sector growth experienced a notable slowdown in May 2025, reaching its weakest pace in nearly four years. Despite this moderation, the sector remains in expansion territory, with the Purchasing Managers' Index (PMI) staying above the critical 50.0 threshold. This trend follows a period of robust, albeit fluctuating, growth earlier in the year. UAE Non-Oil Sector Growth Cools in...
Trump's UAE Tour: Billions in Deals and a New Era of AI and Energy Collaboration President Donald Trump concluded his Middle East tour in the United Arab Emirates, securing significant business deals worth hundreds of billions of dollars. The visit focused heavily on economic cooperation, particularly in the burgeoning fields of artificial intelligence and energy, solidifying the UAE's role as a key...
The United Arab Emirates is actively bolstering its global economic footprint through a series of high-level business forums and strategic agreements. These initiatives span across continents, focusing on strengthening trade, investment, and technological collaboration with key international partners, solidifying the UAE's position as a pivotal hub for global commerce. UAE Forges Deeper Ties with Global...
The United Arab Emirates (UAE) is rapidly solidifying its position as a global business hub, attracting significant foreign direct investment (FDI) and forging strategic international partnerships. This surge is driven by the UAE's economic diversification efforts, focusing on key sectors like technology, renewable energy, and logistics, and its proactive engagement with major economies worldwide. UAE's...
The UAE's non-oil business sector has experienced fluctuating growth in recent months, with the Purchasing Managers' Index (PMI) showing mixed trends. While some periods saw steady expansion and increased hiring, others indicated a slowdown in demand momentum, particularly in March and May. Despite these shifts, businesses generally remain optimistic about future growth, supported by strong pipelines and...
President Donald Trump's recent Middle East tour, encompassing Saudi Arabia, Qatar, and the UAE, has concluded with significant business deals, particularly in the United Arab Emirates. While the administration hails these agreements as economic triumphs, critics are raising serious conflict of interest concerns due to the Trump family's expanding business ventures in the region. A Whirlwind of Deals in...
The UAE's corporate tax landscape is evolving rapidly, requiring businesses to stay informed about new regulations, deadlines, and incentives. Recent developments include the introduction of a Corporate Tax in June 2023, a Domestic Minimum Top-Up Tax, and significant advancements in tax digitalization, all aimed at enhancing compliance and aligning with international standards. Urgent Corporate Tax...
UAE businesses are facing critical deadlines to comply with new corporate tax regulations, including the OECD's Pillar Two framework and domestic minimum top-up taxes. Companies that missed initial registration deadlines have a limited window to file tax returns and avoid penalties, necessitating urgent action and strategic adjustments to their financial operations and tax planning. Looming Deadlines for...
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