Effect of US Presidency on the Dollar

The newly-elected US president, has been vocal about his concerns of the soaring strength of the US dollar and has warned that a strong greenback could be disadvantageous for American companies that do business abroad. Analysts predict that since the President is extremely pro-business and would like to boost America’s manufacturing and export sectors. Hence,

Life Expenses in UAE

Starting with Abu Dhabi residents will have to pay a municipality fee starting January this year. The fee will amount to 3 percent of the annual rent and is being collected starting this month by ADWEA. The charge will be applicable to tenancy contracts in the emirate including Al Ain and in the Western Region.

UAE Central Bank

Risk management: That is the buzzword that the UAE Central Bank is focusing on to roll out new laws to ensure that banks are lending responsibly. UAE Central Bank Transforming the UAE regulatory framework that will be consistent and transparent as per international standards, the Central Bank’s new corporate governance regulations come amid falling oil

Taxes are coming to UAE

Albert Einstein once said that the hardest thing in the world to understand is taxation. For UAE residences, this may have been hard to relate to, but not for long. We wrote an article some time back about Will Taxes in the UAE be Implemented and here’s the second part of it. From January 1, 2018,

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What can you say about a city that is focussed on helping entrepreneurs launch their dream projects by helping them with the seemingly elusive and much-required financial support? That it is progressive, open to innovative ideas, is ambitious and most importantly, recognises that entrepreneurs are the building blocks of the future. Initiatives at a glance

India's Bold Demonetisation

The recent move by the Indian government to demonetise or ban 500 and 1000 currency notes as been hailed as a great attempt to combat tax fraud, kill the circulation of counterfeit money and eliminate corruption, as eliminating large denominations makes it harder to hide large amounts of cash. The announcement has attracted immense praise

3D Printing Dubai

3D printing is all set to change the world. From spraying toner on paper to setting layers of plastic resin until the layers add up to an object and enabling a machine to produce objects of any shape, on the spot, 3D printing is ushering in a new era. Dubai has been quick to cash

For the very first time in its history, Saudi Arabia has unveiled a series of economic reforms in the form of cuts to salaries, bonuses and perks for its government employees in a bid to slash spending amidst dipping oil prices. Public sector wages accounted for almost half of the government’s spending last year. About

UAE Visa on arrival for Chinese nationals

Visa on Arrival for Chinese Visitors Will the visa-on-arrival facility for Chinese visitors to the UAE lead to a surge in Chinese investment in the country? Presently, the UAE is China’s second largest trading partner and the largest export market in the Middle East and North African (MENA) region. There are over 4,000 Chinese enterprises

The reasons to start a business is Dubai are known to all. A tax-free milieu, world-class infrastructure, 0% capital, lucrative foreign ownership and trading laws and access to human capital from across the world. Get set for yet another reason to set up or continue to operate your business in Dubai. UAE’s new landmark bankruptcy

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