UAE’s Indirect Taxes Contribute Significantly to Federal Budget
by The United Arab Emirates (UAE) generates between AED 10 and 11 billion annually through indirect taxes, constituting a substantial portion of the federal budget, which …
Tag: UAEs
ENOC and Drive Terra to Establish UAE’s Largest E-Bike Battery Swapping Network
ENOC Group has announced a strategic partnership with Drive Terra to deploy an extensive battery swapping network across the United Arab Emirates. This initiative aims …
UAE’s Emirates Biotech to Construct PLA Plant
Emirates Biotech, a prominent player in the UAE’s growing biotechnology sector, has announced plans to construct what is poised to become the world’s largest production …
ADNOC Gas stake sale could reshape UAE’s investment landscape
Abu Dhabi National Oil Company (ADNOC) is reportedly considering the sale of an additional 3% to 5% stake in its gas subsidiary, ADNOC Gas. This …
UAE’s Financial Wealth Grew by 10%
UAE’s Net Wealth Reached USD 2.9 Trillion in 2023, Reveals BCG Global Wealth Report UAE’s financial wealth grew by 10% from 2022 to 2023 The …
UAE’s Non-Oil Sector Expansion in October Reflects Economic Confidence
Arabian Post Staff -Dubai The UAE’s non-oil sector marked a robust expansion in October, driven by strong demand and increasing business confidence, a development that …
UAE’s Banking Sector Sees Growth in International Reserves
By the close of July 2024, the UAE’s banking sector saw a notable 11% increase in its net international reserves, signaling a strong performance amidst …
UAE’s Ambitious Strategy Aims to Drive FDI to Dh1.3 Trillion by 2031
The UAE has unveiled a bold new plan aimed at significantly increasing foreign direct investment (FDI) inflows to the country. By 2031, the government aims …
UAE’s e& and Amazon Web Services Form Landmark Partnership
A strategic partnership between UAE-based telecommunications giant e& (formerly known as Etisalat Group) and Amazon Web Services (AWS) has been established, valued at $1 billion. …
UAE’s Lunate Pursues $1 Billion Investment in HPS
Lunate, an investment entity based in the UAE, is actively considering a substantial investment estimated at $1 billion in HPS, a prominent credit management firm …