Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial...
Having declared its independence from Britain in 1971 as part of the federation of the UAE, the emirate of Abu Dhabi has significantly raised its political and economic profile in the intervening years, both regionally and internationally. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped...
GCC countries have long appreciated the importance of education for their sustained development. However, the sector, and higher education in particular, has risen as a priority over the past decade with the launch of ambitious economic diversification plans across the region. These strategies seek to harness the potential of the GCC’s...
One of the core aspects of Abu Dhabi’s drive to boost the efficiency of public spending is a reorganisation of the emirate’s investment vehicles and stateowned commercial arms. These include sovereign wealth funds, domestically oriented conglomerates, banks and other institutions commonly referred to as government-related entities (GREs). The...
Abu Dhabi’s government is pumping billions of dollars of investment into the region of Al Dhafra as it seeks to expand key hydrocarbons infrastructure, and create an integrated and diversified local economy. Located south-west of Abu Dhabi City, Al Dhafra encompasses around 60% of the total landmass of the emirate. Mostly desert, the region...
Abu Dhabi and the wider UAE are continuing their efforts to mitigate humanitarian crises and address development challenges around the world. Backed by federal- and emirate-level government funding, as well as increasing private sector engagement, the UAE’s global foreign aid has risen considerably over the past five years, taking the form of...
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