Updates on the UAE's New 9% Corporate Income Tax Charges and Applicability

Economy & Trade Jan 24

The UAE is undergoing some tax changes this year, with the introduction of a 9% corporate income tax rate from June 2023 for the first time. There are some allowances however, and some of these apply to businesses registered in Free Trade Zones. These though are awaiting clarification as concern ’qualifying income’ for ‘free zone […]

Economy & Trade

Dubai Expecting A Busy 2023 In Developing An International IPO Market

Jan 24

Dubai is ready for more IPO listings from state-owned and private enterprises, driven in part by the recently launched Dubai Economic Agenda (D33) goals. Helal Saeed Al Marri, Director-General of Dubai Department of Economy, has stated that “Despite the many challenges faced, we saw robust GDP growth in 2022 and several other positive indicators, including […]

Economy & Trade

Cryptocurrency To Play ‘Major Role’ In UAE Global Trade – Minister of Foreign Trade

Jan 23

Thani Al-Zeyoudi, the UAE’s Minister of State for Foreign Trade declared that crypto would have a crucial role in UAE’s global trade, speaking at the World Economic Forum’s (WEF) annual summit at Davos. Notably, Al-Zeyoudi said that the UAE seeks to have significant regulations on crypto to promote further growth in the already flourishing crypto […]

Economy & Trade

World Muslim Communities Council Creates Western Uproar By Visiting China’s Xinjiang Province

Jan 20

Unpacking the differing opinions concerning the Uyghurs in China’s Xinjiang Province By Chris Devonshire-Ellis The World Muslim Communities Council has been in the centre of a Western media backlash for accepting an invitation from the Chinese government to visit Xinjiang Province, home to millions of Chinese Uyghur Muslims. The group’s Chairman, Ali Rashid Al Nuaimi […]