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The United Arab Emirates is a federation of seven Emirates, with autonomous federal and local governments. The UAE has historically been a low-tax jurisdiction. [ 1 ] The federal government and local governments are entitled to levy taxes on citizens and companies.
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
The Ministry of Industry and Advanced Technology (MoIAT) (Arabic: وزارة الصناعة والتكنولوجيا المتقدمة) is a government ministry in the United Arab Emirates that is responsible for overseeing and strengthening the country's industrial sector.
The United Arab Emirates is a high-income developing market economy.The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.
The UAE Telecommunications and Digital Government Regulatory Authority (TDRA) was established in 2003 [1] to regulate the Information Communications and Telecommunications (ICT) sector in the United Arab Emirates (UAE) and to ensure sustainability, competitiveness and transparency among the service providers, [2] customers and shareholders.
21 July – Fifty-seven Bangladeshi expatriates are sentenced to varying prison terms for holding protests in support of the 2024 Bangladesh quota reform movement. [15] They are later pardoned by UAE president Mohamed bin Zayed Al Nahyan on 3 September. [16] 29 July – The United Arab Emirates grants lottery licenses for the first time in its ...
In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. [5] The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas , transportation , banking , and financial services .
The Abu Dhabi Investment Council (Arabic: مجلس أبوظبي للاستثمار; ADIC or the "Council") is one of the investment arms of the government of Abu Dhabi.It started operations in April 2007, as a spin-off of the Abu Dhabi Investment Authority (ADIA).