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The UAE is renowned for its business-friendly environment and constant innovation. In a significant move, the UAE introduced 5 and 10-year trade licenses as an alternative to the standard shorter-term options. Let’s dive into why this longer-term license is a brilliant move for many businesses in the region. What is…

The United Arab Emirates has secured a major victory in its ongoing efforts to combat financial crimes. The Financial Action Task Force (FATF) has officially removed the UAE from its grey list, a significant achievement highlighting the nation’s dedication to strengthening its Anti-Money Laundering and Combating the Financing of Terrorism…

The UAE’s In-Country Value (ICV) program is a powerful initiative designed to stimulate the local economy, drive Emiratization, and promote knowledge transfer. For companies operating in the construction sector, understanding and maximizing your ICV score isn’t just a regulatory requirement—it’s a critical factor for winning government contracts and achieving long-term…

Dubai, the city of gleaming skyscrapers and audacious ambition, is fast becoming a global hub for financial technology (Fintech). With over 4,377 active registered Fintech companies, the city boasts a thriving ecosystem pulsating with cutting-edge solutions and a vision for a smarter, more inclusive financial future. Let’s dive into some…

The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) took place in Dubai, United Arab Emirates, from November 30th to December 12th, 2023. It was a pivotal event, bringing together nearly 200 countries, tens of thousands of delegates, and countless observers to discuss…

Dubai, traditionally recognized as a global center for trade and tourism, is undergoing a transformative shift in its economic focus. With a strategic aim to diversify beyond oil and gas, one particular area gaining prominence is manufacturing. Factors Driving Dubai’s Manufacturing Push Government Initiatives to Promote Manufacturing Strategic Advantages Fueling…

The United Arab Emirates (UAE) has emerged as a beacon of success, offering a unique blend of high living standards, lucrative tax advantages, and unparalleled business opportunities. This desert oasis has become a global hub for innovation, boasting a modern infrastructure, a stable economy, and a host of attractions for…

As countries around the world grapple with the urgent challenge of climate change, the UAE is exploring the possibility of implementing a carbon tax. This tax would aim to reduce greenhouse gas emissions by placing a price on carbon emissions, incentivizing businesses and individuals to adopt cleaner technologies and practices.…

Introduction Dubai, a city known for its iconic skyline, opulent lifestyle, and thriving economy, is also home to a dynamic and rapidly growing stock market. The Dubai Financial Market (DFM) and Nasdaq Dubai serve as the primary stock exchanges, offering a platform for investors to buy and sell securities. In…