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14 Nov 23
High oil prices and fiscal discipline seem set to boost Gulf Cooperation Council governments’ fiscal situations, S&P Global Ratings has said.
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7 Nov 19
Supporting its non-oil sector will be crucial to support long-term sustainability in the United Arab Emirates, an IMF economist has said.
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31 Oct 18
The United Arab Emirates has passed a law to combat money laundering and terrorism financing.
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8 Jan 18
The UAE administration has agreed 70% of revenue from its new value-added-tax will be distributed to local governments.
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2 Oct 17
The United Arab Emirates’ new excise tax came into effect yesterday, with tobacco and energy drinks taxed at 100% and soft drinks at 50%.
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31 Aug 17
The United Arab Emirates has opted for what it has said will be one of the world’s lowest value added tax rate when it imposes the tax in January.