GDP reached $107.1bn in 2024, compared with $75.9bn in 2020, representing 41.1 per cent growth, GCC STAT figures showed
The Dubai Data and Statistics Establishment is currently recalibrating GDP time series and key indicators to align with international standards, leveraging expanded data sources to deliver a more accurate picture of the emirate’s evolving economy
During the first nine months of 2025, Dubai International Chamber expanded its international presence with the launch of five new offices
The collaboration aligns with Saudi Vision 2030’s objectives to diversify the domestic economy and expand private sector participation
The country’s vibrant equity market continues to capture regional and global capital, as a string of initial public offerings (IPOs) in 2025 drew heavy oversubscription
The new decision reinforces the regulatory framework governing employer-worker relationships, ensuring the protection of rights
Current foreign ownership in state-run banks ranges from a high of about 12 per cent in Canara Bank to near zero in UCO Bank as of September 30
According to a report issued by the Madinah Chamber of Commerce and Industry, a total of 224 development projects are currently underway in the region
The two top oil consumers have recently renewed their trade war, imposing additional port fees on ships carrying cargo between them
Iran’s economy was expected to contract 1.7 per cent this year and shrink 2.8 per cent next year
The proposed amendments aim to create a robust legal and regulatory infrastructure to ensure smooth nationwide implementation
Across the first half of 2025, Abu Dhabi’s economy recorded real GDP of Dhs597.4bn, up 3.63 per cent compared with H1 2024
This recognition reaffirms Dubai’s leadership in the Middle East, Africa and South Asia region, elevating its profile on the global financial stage
The emirate attracted an estimated Dhs40.4bn ($11bn) in FDI capital in H1 2025, up 62 per cent from Dhs24.7bn a year earlier
The emirate’s success has been underpinned by proactive governance, enabling legislation, and infrastructure that supports enterprise development
The announcement, made on September 14, stresses the importance of timely submission and payment of Corporate Tax Payable
In the agricultural sector, penalties are more substantial, ranging from SAR300 to SAR20,000, depending on the violation
The phased approach aims to provide ongoing financial stability and enable startups to focus on scaling their operations
Residency holders will also have access to the Invest in Oman platform, which offers end-to-end services from business establishment to expansion
Dubai has quietly transformed from a transient luxury hotspot into a global anchor for high-net-worth individuals (HNWIs)
Foreign strategic investors are exempt from this cap, provided they hold their shares for a minimum of two years
Between June 2024 and June 2025, certificates of origin issued by the Chamber rose by 10.3 per cent compared to the same period a year earlier
The increase is seen as a direct result of government efforts to build smart tourism infrastructure and enhance visitor experiences
Dubai’s performance through 2024 and into Q1 2025 reflects the continued momentum towards achieving the goals of the Dubai Economic Agenda D33, said the DEDC CEO
According to its recently released 2024 annual report, the fund delivered an average total portfolio return of 7.2 per cent annually since 2017
In a statement issued on August 11, the FTA revealed that its inspection teams carried out 85,500 field visits during the first half of the year
According to the Dubai Land Department, the robust growth is largely attributed to the emirate’s advanced regulatory framework
In 2024, private sector employment for Saudi nationals grew by an average of 12 per cent, with momentum continuing into 2025
The refund scheme is available through 1,442 authorised retail outlets across Saudi and applies to non-resident tourists aged 18 and above
All countries not specifically listed in the annex will face a flat 10% duty increase