UAE-Israel Ties, A Great Push To UAE’s Startup Ecosystem
Israel provides a plethora of opportunities to aspiring technology entrepreneurs to engage with its booming innovation ecosystem. Innovation and innovative spirit that flows liberally throughout Israel have led to incredible economic success. It now has the largest number of start-ups per capita in the world. That is why Israel is known as the “Start-up Nation.” Now, […]
Why Expanding into Saudi Arabia Should Be on Your Radar?
Saudi Arabia is the largest economy in the Gulf region and is fast becoming a top business destination for foreign investors. Recent regulatory changes have opened up the Kingdom to foreign companies unexpectedly, making this once closed-off economy accessible to all. That is why entering Saudi Arabia has now become easy. Companies from the region and […]
Operation 300bn: New UAE industrial strategy launched
The country aims to increase the contribution of the industrial sector to Dh300 billion. The UAE on Monday launched a new industrial strategy to increase the contribution of the manufacturing sector from Dh133 billion to Dh300 billion in the national economy over the next 10 years. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice […]
Top 5 Reasons Why Co-Working Office Space is Best for Your Company
The work lifestyle and culture have changed drastically over the recent years, and now with the new normal, companies are exploring other innovative ways of working. More and more companies have now started to embrace the concept of co-working – which comes with several benefits. Here are the top 5 reasons why co-working office spaces […]
Why is UAE Great for European Investors and Start-Ups?
In today’s uncertain world, trading arrangements between countries are highly unsteady. When it comes to Europe, no one knows the consequences of Brexit and the trading effects on the European Union (EU). In this context, trading links between the EU and the UAE have assumed greater importance than ever before. European businesses can enjoy enormous benefits […]
VAT applicable for services provided by artists, influencers, says Federal Tax Authority
The announcement was shared in the latest Basic Tax Information Bulletin issued by FTA. Any influencer earning more than Dh375,000 annually must pay VAT – and “freebies” count towards the total, the Federal Tax Authority reiterated Dubai: The Federal Tax Authority (FTA) said on Sunday said that supplies provided by artists and social media influencers […]
Improving the Business Environment
We will further pursue public-private partnerships, continue to facilitate the flow of private investment and improve our competitiveness. We will develop the necessary capabilities to increase the quality and reliability of our services. We will coordinate with legislative authorities to review current regulations with the aim of improving the business environment and enforcing contracts. Where […]
Why Saudi Arabia Is Being Increasingly Seen As The Place To Be To Start A Business In The Middle East
“Did you really quit McKinsey to do this?” Alper Celen’s decision to trade his cushy job at the prestigious global management consulting firm’s Scandinavian offices for a move to Saudi Arabia to grow a startup there didn’t make much sense to his colleagues. Celen founded Saudi’s Groupon-like startup Fursaty and co-founded FoodOnClick.com’s KSA operations, bootstrapping the ventures […]
Saudi Arabia to ‘improve foreign workers’ freedom’
Saudi Arabia has announced it will remove several key restrictions on foreign workers in an overhaul of the kingdom’s controversial labour policies, part of a plan to attract overseas talent and increase job market mobility. The Ministry of Human Resource and Social Development said the reforms will allow foreign workers the right to change jobs by transferring […]
Saudi Arabia doubles validity period for expat work visas
Saudi Arabia has extended the validity of new work visas for expatriates in private sector firms for two years instead of one year without any additional fees, the ministry of Labor and Social Development has revealed. The extension of the time limit also covers old visas, local media reported. Khalid Abalkhail, the spokesperson for the ministry, […]