The UAE’s Strategy for Industry and Advanced Technology Is a Global Invitation to Make it in The Emirates
When His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the UAE’s National Strategy for Industry and Advanced Technology earlier this year, he ushered in a new era. Known as Operation 300bn,...
Dubai Chamber – A Bridge Between India And Dubai
India and Dubai share historic and strong trade and cultural ties. The non-oil trade between India and Dubai has consistently increased over years from $26 billion in 2017 to $36 billion in 2019, making India the second largest trading partner for Dubai. Indians are...
New Mindset Of Foreign Investments To UAE – Case Studies
UAE economy is known to be young, rapid in growth and dynamic, and due to the strategic location between the east and the west, it gained the trust for domestic and international investment. Here came the main role of the authorities who inspire...
Message from Kreston’s Global Chief Executive
2021 marks the 50th year of Kreston. Today, Kreston has grown to one of the largest accounting networks with close to 200 firms in over 110 countries that is home to more than 23,000 dedicated professionals. Kreston gives you access to top-quality advice and...
Unified ICV Program Changing the Socio-Economic Landscape in UAE
Prelude For past many years, the GCC countries have been initiating localization drives, particularly in the oil and gas industry. The major localization initiatives in the region started with Oman Oils In-Country Value (ICV) program followed by Saudi ARAMCO’s IKtVa...
Gearing up for the Next Normal
The Next Normal Every business was looking optimistic for a great 2020 at the beginning of the year, but now are facing a completely different scenario. The COVID-19 pandemic has severely affected businesses across every industry and geographical region. The norms of...
ABRAHAM ACCORD: The Game Changer in Middle East
BACKGROUND The world woke up to the unexpected and astounding news of the peace treaty between the UAE and Israel, making UAE just the third Arab state, after Egypt and Jordan to establish formal ties with Israel. UAE scrapped an economic boycott against Israel which...
Day 1 to Day 1000 VAT Journey in UAE
United Arab Emirates’ (UAE) most significant tax reform, Value Added Tax (VAT) which was introduced in January 2018, is set to complete 1000 days and it is worthwhile to look back on its incredible journey. As we all had witnessed, there were concerns about the...