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As 2015 drew to a close, one of the most eagerly anticipated pieces of legislation due in Dubai was new legislation governing public-private partnerships (PPPs). The new law, No. 22 of 2015, was published in September and introduced on November 19, 2015. Thus tendering rounds opened in 2016 offered the first opportunities for companies to...

 

Although perhaps no longer able to boast more cranes operating within its boundaries than in all the other cities of the world put together, Dubai is still comfortably one of the world’s leading centres for the construction industry. Major projects continue to roll out, while existing ones finish off or evolve into new developments. From a new...

 

Insurance penetration in Dubai is very low and the potential for growth is immense, making the sector competitive and highly oriented toward future expansion. However, the current operating environment is challenging, with companies competing on price to capture market share, scale up customer bases and boost profits.

 

While Dubai possesses some of the most state-of-the-art hardware in its transport sector, integrating these devices into a single, smart structure has a been a long-term occupation of sector planners. Encouraging innovation in the software element of transport has been a priority for the government for many years, with the Dubai Smart City...

 

After years of speculation, an agreement signed in February 2016 has brought clarity regarding the introduction of value-added tax (VAT) to Dubai. The UAE, along with states around the Gulf, will begin to implement VAT from January 1, 2018, and will thereafter have a full year to fully establish the new tax.

 

Dubai’s economy is the result of a decades-long pursuit of diversification which has brought evolution into a variety of offerings, featuring services, finance, trade and global connectivity that has made the emirate a cross-continental meeting point for commerce. Dubai has felt the impact of the fall in crude prices since mid-2014, but it now...

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