Founded in December 1971 as a federation between six of its seven constituent entities, the UAE includes the emirates of Abu Dhabi (the capital city), Dubai, Sharjah, Ajman, Fujairah and Umm Al Quwain. The emirate of Ras Al Khaimah joined the federation the following year. The UAE is governed by the UAE Constitution, which permits each emirate to have its own legislative body and judicial...
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 economic and political 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 it diversify and yield steady non-oil revenues....
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 late 1960s. These emirate-level corporate tax decrees are of general application and remain in force. These decrees are similar in nature and text, and deal in broad terms with the identities of taxable persons, rates, administration,...
The local authorities are continually looking at ways to improve domestic food production, efforts which can in turn support and work alongside the various strategies in place to ensure Abu Dhabi’s food security as well as that of the wider UAE. Despite a desert climate and significant barriers to large-scale agricultural production, a strong focus has been placed in recent years on the...
With a strong pipeline of retail space under construction, including major regional destination malls and shopping developments to serve untapped communities, Abu Dhabi’s consumers can look forward to new experiences, fresh brands and greater choice. Existing operators are re-thinking mall management to give more prominence to food and beverage outlets, such as fine dining and the latest fast-...
Abu Dhabi’s media sector has enjoyed rapid growth in recent years as a result of sustained emirate and federal government support as well as the increase in local content being created in its dedicated media free zone twofour54. The presence of major international media corporations in the free zone has underlined the quality of the facilities on offer, while efforts to cultivate the emergence...
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