Economy

Why are emirates so rich?

Why are the Emirates so rich? The wealth of the United Arab Emirates (UAE), particularly the emirates of Abu Dhabi and Dubai, is largely attributed to its vast oil reserves…

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What will happen in 2031 in the UAE?

In 2031, the United Arab Emirates (UAE) is expected to continue its trajectory of rapid development and innovation, focusing on sustainability, technology, and economic diversification. The UAE’s Vision 2031 outlines…

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What’s the other name for Dubai?

Dubai, a bustling metropolis in the United Arab Emirates, is often referred to by its nickname: "The City of Gold." This moniker reflects its rapid transformation from a modest fishing…

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What led to the growth of Dubai?

Dubai’s rapid growth into a global metropolis is a fascinating case of strategic vision and economic diversification. The transformation of Dubai from a small trading post to a thriving economic…

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Does Dubai have zero corporate tax?

Dubai, a prominent city in the United Arab Emirates (UAE), has traditionally been known for its zero corporate tax policy, attracting businesses worldwide. However, recent changes have introduced a corporate…

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Does Dubai have 5% tax?

Dubai, part of the United Arab Emirates (UAE), does indeed have a 5% Value Added Tax (VAT) that applies to most goods and services. This VAT was introduced on January…

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