As global markets grapple with the “Safe Haven Paradox,” Dubai continues to redefine economic stability. While traditional strongholds face stagnation, the UAE’s GDP is projected to grow by 5.0% in 2026, significantly outperforming the global average of 3.1%. This resilience is not accidental; it is the result of a meticulously executed D33 Economic Agenda and a
Introduction In August 2023, luxury fashion group Tapestry Inc. (parent company for brands including Kate Spade, Stuart Weitzman, and Coach) concluded a deal to acquire Capri Holdings Limited (parent company of brands including Michael Kors, Jimmy Choo and Versace) for USD$8.5 billion. With Tapestry Inc.’s market capitalization at USD$11.41 billion and Capri Holding’s at USD$2.41
Introduction The State of Rajasthan is situated between located in the northwestern part of the Indian subcontinent. It is bounded to the states of Punjab and Haryana in the north, Uttar Pradesh to the east and Gujarat to the south. The word Rajasthan comes from the Abode of the Kings and it is considered to
Investing in the United Arab Emirates (UAE) is quite straightforward, and is encouraged by a business-friendly legal, regulatory, and financial environment. As one of the world’s freest economies with a globally-minded business culture, the UAE is a stable, investor-friendly global hub. Opening a bank account for business, as one of the most important steps to
Introduction Dubai is the second largest out of the 7 United Arab Emirates (commonly known the UAE). Known for its luxurious lifestyles, modern architecture and bustling nightlife, Dubai is becoming home for the vast number of expats migrating there everyday. Over the past three decades, Dubai has come a long way in terms of improvement
Companies which aim to do business in the UAE and individuals who intend to work in the country will encounter the need to deal with certain important key points regarding the duties and obligations on labor and social security. In fact, awareness of such matters is essential to be in compliance with the current relevant
The UAE’s Steady Growth Post-Pandemic Introduction The United Arab Emirates (UAE) was one of the first of the Emirates that encountered cases of COVID-19 on its home turf. This country, with a population of 3.4 million, is considered to be one of the centers of the world, with many trade and cross border businesses
Intro The United Arab Emirates, known worldwide for its extremely favorable policies and attracting investors worldwide, has introduced a federal corporate income tax (CIT) which becomes effective from June 1st, 2023. The statutory CIT rate is set at 9% and within this article, we’ve outlined the existing tax framework of the UAE and assessed the
From January 1st 2022, the United Arab Emirates will align with the weekly calendar adopted internationally, which provides that weekends shall fall on Saturday and Sunday. Thus far (and until the end of this year), the Emirates, like other Arab countries, follow the Muslim calendar system. In accordance with the Muslim system, the day of rest
