The introduction of a flat 5% value-added tax on January 1, 2018 is part of ongoing efforts to boost government revenue and increase the overall transparency of the market. Although still in its early days, the move comes against a backdrop of positive sentiment among business leaders, as shown in the second iteration of Oxford Business Group’s...
When it comes to sharing and promoting Arab art and culture, Sharjah has been reaching out to the rest of world for decades. In 1998 the emirate founded the UNESCO-Sharjah Prize for Arab Culture, and in 2006 Sheikh Sultan bin Muhammad Al Qasimi, ruler of Sharjah, established the Sharjah Museums Project. This has since grown into a complex of...
Accounting for just over 3% of the territory of the UAE, Sharjah is the federation’s third-largest emirate, and has long played an important cultural and economic role in the region. Home to seven existing or developing free zones, around 30 museums and various annual festivals that attract visitors from around the world, the emirate continues...
From time to time we have to stop and contemplate the questions raised by what we experience and try to find answers which, in their essence, encompass our work’s culture, philosophy, goals, direction and destination. In so doing, we can determine how this work can be best sustained and advanced.
As bilateral trade continues to grow, what are the key focus areas for future investment?
For the nations of the GCC, the drop in oil prices highlighted something many already knew: there is a pressing need for economic diversification and to further engage with global partners across different markets. To this end, countries in the region have made efforts to expand their international role and reach in recent years, with trade...
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