The IMF and World Bank — wolves in sheep’s clothing
For years, the International Monetary Fund (IMF) has been pressing Gulf states to apply value-added tax (VAT) on consumer goods…
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UAE Central Bank bites bullet on growth, but better news is to come
Last week the Central Bank of the UAE surprised economics analysts with a big downgrade of its forecasts for growth…
LuLu Group chairman is UAE’s first permanent expat resident
Abu Dhabi-based Indian retail tycoon M A Yusuff Ali has become the first expat to get the UAE’s first gold…
New economic corridor widens trade possibilities
Qatar's adroit strategy to shift to overdrive along a new economic corridor has not only successfully maneuvered trade and business…
UAE promotes clean energy, green initiatives
World Environment Day 2019 provides an opportunity to urge governments, industries, communities, and individuals to work together to explore renewable…
Experts confirm expats in UAE ripped off by unscrupulous IFAs
British expatriate professionals living and working in the UAE on a permanent basis are again being ripped off by unscrupulous…
UAE's VAT collections exceeds expectations by a wide margin in 2018
UAE residents paid Dh27 billion in value-added tax (VAT) last year, surpassing the government's target of collecting of Dh12 billion,…
Aramco Trading opens new Fujairah Office
Aramco Trading Co., which expects to see its oil trading volume rise to six million barrels per day by next…
The Innovators 2019: Islamic Finance
The strict rules against charging interest and investments deemed contrary to Shariah law earn Islamic finance an understandable reputation for…
Rich keeping large chunk of their wealth in UAE
Ultra-high net worth and high net worth individuals continue to retain large portions of their wealth in the UAE, a…
Gulf stock investors may go in for profit taking
Stock markets in the Gulf, which are shut for Eid holidays, could be in for extensive profit-taking when they open…
Kuwait – IMF and World Bank wolves in sheep's clothing over taxes
For years the International Monetary Fund (IMF) has been pressing Gulf States to apply Value Added Tax (VAT) on consumer…