The Middle East

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 set out in specific tax decrees or fixed in agreements...

ETIQUETTE & DRESS: Hospitality plays a central role in Emirati culture and is also present in business interactions. Whether in business or social interactions, longer greetings are an important prelude before proceeding to other matters. Handshakes are common as a greeting in business settings, but it is not advisable to shake a...

EASTERN MANGROVES SUITES BY JANNAH T: +971 2 412 3333 F: +971 2 412 3312 reservations.em@jannah.ae www.jannah.ae Rooms: 88 suites with views of natural mangroves, spacious living rooms, outdoor living space and fully equipped kitchen. Business & Conference Facilities: Suites can be configured into meeting rooms for events, press...

The engineering, procurement and construction (EPC) segment in Abu Dhabi is dominated by oil and gas. The largest EPC project currently under way in the emirate is the development of the offshore Upper Zakum oilfield, which was awarded to Petrofac Emirates – a joint venture between Petrofac and Abu Dhabi government investment firm Mubadala Development Company – and its...

The residential segment was the first in Abu Dhabi’s real estate market to experience recovery from the sustained post-2008 downturn. Prices in the segment have been rising since the end of 2012, when, according to Jones Lang LaSalle (JLL) data, asking prices for residential units in investment zones (areas where expatriates are allowed to buy apartments) in the emirate...