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Post-Covid Economic Recovery Propelled UAE’s Non-Oil Foreign Trade on a 27% Higher Growth Trajectory

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Post-Covid Economic Recovery Propelled UAE’s Non-Oil Foreign Trade on a 27% Higher Growth Trajectory
  • Newsletter, U.A.E.

Post-Covid Economic Recovery Propelled UAE’s Non-Oil Foreign Trade on a 27% Higher Growth Trajectory

  • As the post covid economy gained momentum, the non-oil foreign trade of UAE witnessed an increase of 27% yearly during 2021 to reach Dh1.9 trillion, equivalent to $517.27 billion. Even in 2021, the non-oil foreign trade registered more

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UAE Targets 20 Unicorns by 2031 through Skill-Up, Start-Up, Scale-Up Programmes
  • Newsletter, U.A.E.

UAE Targets 20 Unicorns by 2031 through Skill-Up, Start-Up, Scale-Up Programmes

  • UAE has set an ambitious plan to become home to 20 privately held startups valued at more than $1 billion each, commonly known as ‘unicorns’ in business, over the next nine years, country’s Minister of State for Entrepreneurship

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India and UAE Sign CEPA to Boost Trade by $100 Billion
  • Newsletter, U.A.E.

India and UAE Sign CEPA to Boost Trade by $100 Billion

  • On 18th February 2022, India and the United Arab Emirates (UAE), entered into a Comprehensive Economic Partnership Agreement (CEPA) and signed a wide-ranging trade and investment pact, that is set to benefit almost 90% of trade, both exports

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Singapore Budget 2022 – IMC Group Highlights Key Changes
  • Newsletter, Singapore

Singapore Budget 2022 – IMC Group Highlights Key Changes

  • IMC Group has deeply analysed the budget 2022 and brings to you key changes that can impact the tax structure in Singapore.

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ZATCA Allows Customs Duty Refunds as Saudi Arabia Clarifies GCC Origin of Goods
  • Newsletter, Saudi Arabia

ZATCA Allows Customs Duty Refunds as Saudi Arabia Clarifies GCC Origin of Goods

  • Saudi Arabia issued Ministerial Decision No. 3852 dated 2nd July 2021 on local rules of origin stipulating national rules of origin for the eligibility of preferential duty treatment of imported goods when imported from the Gulf Cooperation Council

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UAE Tax Registrants to Benefit from a 70% Discount on Tax Penalties as the Relief Period Extends
  • Newsletter, U.A.E.

UAE Tax Registrants to Benefit from a 70% Discount on Tax Penalties as the Relief Period Extends

  • The Cabinet Decision effective from January 1st 2022, should be seen as an opportunity for businesses to benefit from the reduction of the administrative penalties, highlighted the FTA. The Cabinet Decision would reduce the burdens on business sectors

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Oman’s Budget 2022 Highlights Strong Economic Growth Optimism
  • Newsletter, U.A.E.

Oman’s Budget 2022 Highlights Strong Economic Growth Optimism

  • The entire global economy went haywire since the outbreak of the Covid 19 pandemic and Oman is no exception.

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RAKEZ Unveils Dual Licensing Structure to Woo Investors
  • Newsletter, U.A.E.

RAKEZ Unveils Dual Licensing Structure to Woo Investors

  • Ras Al Khaimah free zone (RAKEZ) has rolled out Dual Licensing in January 2022 after introducing a women entrepreneurship package and gaming license programme.

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Economic recovery in the GCC (2022)
  • GCC, Newsletter

Economic Recovery in GCC will Gather Momentum During 2022: Economists Suggest

  • Economists believe that the GCC economies are all set to achieve higher and stronger economic growth in 2022 on the back of higher oil prices and the expansion of their non-oil sector.

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USD 3 Trillion of Investment Target into The Kingdom Over Nine Years: Saudi Investment Minister Says
  • Newsletter, Saudi Arabia

USD 3 Trillion of Investment Target into The Kingdom Over Nine Years: Saudi Investment Minister Says

  • Saudi Arabia is planning to attract $3 trillion of investment into the country's economy over the next nine years as part of the National Investment Strategy (NIS) to drive economic growth and sustainable development.

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