In June 2016 the UN High Commissioner for Refugees said that the total number of displaced persons globally topped 65m, the highest number since the agency began collecting data during the Second World War. Given the size of the task, a multifaceted response is required, enlisting the help of multilateral institutions, national governments and...
Having put revenues from hydrocarbons towards the diversification of its economy, the emirate is in a good position to weather the storms of tumbling oil prices. As part of its Economic Vision 2030, sectors such as tourism, manufacturing, logistics, health, education, financial services, aerospace and telecoms have been highlighted as the...
The tax system is one of the key pillars to have supported the UAE’s economic growth over recent decades. The federal government applies no corporate, personal, capital gains, value-added or withholding taxes, while emirate-level tax legislation introduced in the 1960s has never been implemented.
Given the stubbornly low oil prices of 2015, with no sign of a significant recovery in the short term, the run-up to the publication of the UAE’s current federal budget saw much speculation as to how the government might pare back state spending. For some, the reduction of subsidies earlier in 2015 set a new tone with regard to budgetary...
As the Middle East’s second-biggest oil producer, the UAE has seen much attention directed to it over the past year regarding the effect of subdued oil prices on the economy. The emirate of Abu Dhabi is a key player in the response to this challenge. As home to the nation’s capital it hosts many institutions that oversee the UAE’s social and...
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