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Established in 2015, Dubai World Trade Centre Authority (DWTCA) is a free zone, home to 2,000+ companies from 40+ industries spanning construction, healthcare, IT, media, and trade. [8][9][10] In December 2021, DWTC's mandate was expanded to include virtual assets and crypto, including digital assets, products, operators, and exchanges. [11][12]
The current standard VAT rate in the country is 5%. [2][3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4] The standard rate of corporate tax is 9%, some exempt businesses and those with net annual profits under AED375,000 (US$102,100) qualify for a rate of 0%, and ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
October 3, 2024 at 4:50 AM. By Dhara Ranasinghe and Alun John. LONDON (Reuters) - Conflict in the Middle East is escalating once more, but the mood music across financial markets remains upbeat ...
dm.gov.ae. Dubai[a] is the most populous city in the United Arab Emirates and the capital of the Emirate of Dubai, the most populated of the country's seven emirates. [4][5][6] The city has a population of around 3.79 million (as of 2024), [7] more than 90% of which are expatriates. [8] Dubai was founded in the 19th century as a fishing village.
No. of listings. 178 [1] Market cap. US$ 89.18 billion (Mar. 2016)[2] Website. www.dfm.ae. The Dubai Financial Market (DFM) (Arabic: سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000.
The United Arab Emirates does not mix trade with politics, the country's trade minister said on Tuesday when asked whether the conflict between Israel and Hamas would impact economic agreements.