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.
How has the recent shift in global air traffic patterns, mainly from the West to the East, affected the aviation industry in Dubai?
While in 2015 the world’s emerging countries and fastest-growing economies suffered due to low commodity prices and currency depreciations, Dubai still enjoyed steady GDP growth at around 4% and an increased drive towards consolidating its position as a knowledge-based economy. With a well-diversified model and a set of transformation-oriented...
The economic narrative of Dubai has shifted in recent years, from passage through its first financial crisis as a major player in the global economy to a more forward-looking version of itself.
The eagerly anticipated public-private partnership (PPP) law came into force in November 2015, ushering in what could be a new era in infrastructure development. The idea is to empower investors, both foreign and domestic, to take a bigger long-term role in financing and operating large projects. The law is expected to have an immediate impact...
Dubai’s position as a centre of trade is likely to pay off again in the next few years as the deal between Iran and Western powers results in the reintegration of the country into the global economy. Located just across the Gulf, Dubai is already a conduit for goods in and out of Iran. The question now in the emirate is what opportunities will...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×