The federal government of the UAE has not promulgated any tax laws. Most of the individual emirates have issued corporate tax decrees, but in practice, taxes are only imposed on oil- and gas-producing companies at rates set forth in their government concession agreements, and on branches of foreign banks at rates established in specific tax decrees...
The local media sector has grown exponentially since the government set into motion a series of expansion initiatives in 2000. The emirate has emerged as a regional centre for the media industry over the past decade, competing with more established countries such as Egypt and Lebanon as the government actively seeks to diversify the economy into new...
With its high-income population and regional integration, Dubai offers a wealth of opportunities, and the emirate acknowledges that the current dependence on public financing for health care expenditures is unsustainable and inefficient. According to the World Health Organisation, health care-related expenditures in the UAE totalled over Dh40bn ($10...
Boasting almost 13m mobile telephone connections, 1.9m fixed telephone connections and nearly 1m internet users, according to the Telecommunications Regulatory Authority (TRA), the UAE has one of the biggest telecoms industries in the MENA region. The sector plays an important role in the country’s economy, contributing almost 5% of GDP and...
Developed in 2010 and initiated in 2011, the Dubai Integrated Energy Strategy 2030 (DIES) aims to guide the emirate’s energy sector toward sustainability and enhanced efficiency. Responsible for executing the plan is the Dubai Supreme Council of Energy (DSCE), a governing body made up of key stakeholders.
In recent years, the UAE has witnessed significant developments in corporate governance aimed at further advancing and promoting best practices across many industry sectors. Listed companies have seen the introduction of compulsory requirements in the UAE, while financial institutions have been provided with binding and non-binding guidelines.
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