Economy Archives | Gulf Business https://gulfbusiness.com/section/industry/economy/ Wed, 24 May 2023 13:41:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.5 https://gulfbusiness.com/wp-content/uploads/2020/07/cropped-gb-new-fevicon-2020-1-32x32.png Economy Archives | Gulf Business https://gulfbusiness.com/section/industry/economy/ 32 32 UAE, Malaysia agree to launch CEPA negotiations https://gulfbusiness.com/uae-to-launch-free-trade-talks-with-malaysia/ https://gulfbusiness.com/uae-to-launch-free-trade-talks-with-malaysia/#respond Wed, 24 May 2023 03:04:42 +0000 https://gulfbusiness.com/?p=255267 The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force

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Strengthening the UAE-Israel partnership https://gulfbusiness.com/uae-israel-a-productive-partnership/ https://gulfbusiness.com/uae-israel-a-productive-partnership/#respond Fri, 19 May 2023 04:00:37 +0000 https://gulfbusiness.com/?p=254519 H.E Liron Zaslansky, Consul General of Israel in Dubai shares her thoughts on the strong relationship between the two states and avenues for further growth

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UAE, Italy strengthen economic ties, explore investment exchanges https://gulfbusiness.com/uae-italy-seek-to-boost-trade-and-investment/ https://gulfbusiness.com/uae-italy-seek-to-boost-trade-and-investment/#respond Fri, 19 May 2023 02:30:06 +0000 https://gulfbusiness.com/?p=254742 The partnership is expected to create new investment opportunities to support sustainable economic growth

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UAE’s dirham marks 50 years of circulation https://gulfbusiness.com/uae-dirham-marks-50-years-of-circulation/ https://gulfbusiness.com/uae-dirham-marks-50-years-of-circulation/#respond Thu, 18 May 2023 22:00:32 +0000 https://gulfbusiness.com/?p=254843 The Emirati dirham was issued as the UAE's official currency replacing a mix of international currencies which had been in circulation in the emirates

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UAE corporate tax: Ministry issues decision on exemptions https://gulfbusiness.com/uae-clarifies-corporate-tax-rules-for-individuals/ https://gulfbusiness.com/uae-clarifies-corporate-tax-rules-for-individuals/#respond Thu, 18 May 2023 06:07:08 +0000 https://gulfbusiness.com/?p=254577 The decision aims to clarify the application of the corporate tax regime for individuals and ensures that only business income is taxed

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World Bank expects UAE’s non-oil economy to grow by 4.8% in 2023 https://gulfbusiness.com/world-bank-expects-uaes-non-oil-economy-to-grow/ https://gulfbusiness.com/world-bank-expects-uaes-non-oil-economy-to-grow/#respond Wed, 17 May 2023 11:56:07 +0000 https://gulfbusiness.com/?p=254483 The economies of the Gulf Cooperation Council are projected to grow by 2.5 per cent in 2023 and 3.2 per cent in 2024

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Dubai Chambers opens Sydney office, signs MoU with Australia Arab Chamber https://gulfbusiness.com/dubai-chambers-sets-up-sydney-office/ https://gulfbusiness.com/dubai-chambers-sets-up-sydney-office/#respond Fri, 12 May 2023 02:33:34 +0000 https://gulfbusiness.com/?p=253968 The Sydney office is the second to be inaugurated in 2023 and expands the chamber’s global network to 17 representation offices

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Abu Dhabi economy grows 9.3% in 2022 on non-oil activities boost https://gulfbusiness.com/abu-dhabis-economy-grew-by-9-3-in-2022/ https://gulfbusiness.com/abu-dhabis-economy-grew-by-9-3-in-2022/#respond Tue, 09 May 2023 03:00:10 +0000 https://gulfbusiness.com/?p=253472 The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP

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Saudi Arabia’s economy grew 3.9% in Q1 of 2023 https://gulfbusiness.com/saudi-arabias-economy-grew-3-9-in-q1-of-2023/ https://gulfbusiness.com/saudi-arabias-economy-grew-3-9-in-q1-of-2023/#respond Mon, 08 May 2023 05:34:36 +0000 https://gulfbusiness.com/?p=253321 Economic expansion was driven by a 5.8 per cent increase in non-oil activities

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UAE, South Africa seek to boost trade ties in energy, tourism https://gulfbusiness.com/uae-seeks-to-boost-investment-with-south-africa/ https://gulfbusiness.com/uae-seeks-to-boost-investment-with-south-africa/#respond Thu, 20 Apr 2023 03:30:14 +0000 https://gulfbusiness.com/?p=251654 The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent

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