Economy & Trade

Understanding the Dubai Unified Licence: Scope and Benefits

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The Dubai Unified Licence (DUL) is issued to existing and newly established businesses operating with either a mainland or a free zone licence.

Unveiling Opportunities: The United Arab Emirates Emerges as a Prime Destination for Entrepreneurs

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The UAE’s tax and regulatory environment and lifestyle indices has ranked it as a prime destination globally for entrepreneurs to launch a startup business in 2024 per a new report.

Saudi Arabia Gives Status Update on NEOM Projects, Downsizes Area Under ‘The Line’ to 2.4KM

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NEOM, Saudi Arabia’s urban megaproject, has revised its development plans for its futuristic city, ‘The Line’ amidst funding challenges. However, the kingdom remains focused on executing other development projects under NEOM, and shared key targets and timelines.

Non-Oil Sector Driving Bahrain’s GDP Growth: Data Released for 2023

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Key non-oil sectors such as hospitality, financial services, construction, transportation, and communication are driving GDP growth in Bahrain.

Oman-India FTA Negotiations Reportedly Conclude, But Indian Elections Will Delay Implementation

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Oman-India CEPA negotiations have reportedly concluded but the trade deal now has to wait for the Indian elections over the summer and a new central government to be formed in New Delhi.

Investopia 2024 Launches “Next50” Initiative to Support Innovative Companies in the UAE

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On April 1, 2024, Investopia UAE launched its new “Next50” initiative, in collaboration with the emerging market research center EMIR.

UAE Mulls 10-Year “Golden License” to Boost Business Continuity

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Government ministers and stakeholders are discussing the potential implementation of a so-called “golden license” for business in the UAE.

UAE’s Overseas Investments Soars to Estimated US$2.5 Trillion by 2024

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As of early 2024, the UAE’s overseas investments have surpassed US$2.5 trillion, solidifying its position as a leading global player in FDI.

Saudi Arabia’s US$40 Billion AI Fund: Outlook and Opportunities

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Saudi Arabia’s government is planning to establish a US$40 billion fund dedicated to AI investment, signaling a strategic move to diversify its economy and solidify its position as a dominant force in the Middle East’s AI landscape.

Abu Dhabi Investment Authority Offers Discounted Buyouts for Investors Exiting China PE

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ADIA, the Emirate SWF, is strategically positioning itself to benefit from the trend of Western investors reducing their exposure to China.

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