While many Gulf nations were already working to diversify their economies prior to the coronavirus pandemic, the subsequent economic downturn and collapse in oil prices has meant that governments in the region have had to reassess and – in some cases – accelerate their strategic plans.
THE ABU DHABI EDITION T: +971 2 208 0000 www.editionhotels.com/abu-dhabi reservations.auh@editionhotels.com Rooms: 198 guest rooms and suites, with 90 deluxe rooms, nine deluxe marina rooms, 59 deluxe marina rooms with balconies, five loft rooms, 10 suites, 16 marina suites, seven premier marina suites, one marina penthouse and one...
In what ways has the cultural landscape of Abu Dhabi evolved over the years, and how has it impacted the business environment?
ETIQUETTE & DRESS: Hospitality is a key part of Emirati culture. Long greetings before meetings – whether for business or socialising – are important. In Abu Dhabi it is common for men to shake hands in business settings, and exchanging business cards is fairly informal. However, it is not advisable to shake a woman’s hand unless...
The UAE currently has no system of federal income taxation. Instead, most of the emirates – including Abu Dhabi – enacted their own corporate tax decrees in the 1960s. These emirate-level decrees are of general application and remain in force as amended. These corporate tax decrees are similar in nature and text, and deal in broad terms with...
The UAE continues to be an attractive destination for international investors and a centre for businesses in the MENA region for a number of reasons. In order to remain a competitive environment for businesses and foreign direct investment, the UAE has continued its drive for business-friendly regulatory and legislative framework.
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