Despite the strong drive in recent years by GCC authorities to diversify their economies, oil continues to play a dominant role, constituting up to 46% of total GDP.
Around 800 European ultra-high-net-worth investors participated in the survey which polled clients from countries including, Denmark, France, Germany, Greece, Turkey, Russia, Spain, Switzerland and
The Executive Committee of the UAE-Saudi Coordination Council announced the launch of seven joint committees at its second meeting.
In the six months of the event, a report by EY calculates that Expo 2020 will contribute approximately 1.5% to the UAE’s annual GDP.
India retained its position as the world's top recipient of remittances in 2018 with $79 billion compared to $68.967 billion in 2017, according to the World Bank’s latest Migration and Development
The Federal Tax Authority (FTA) has begun implementing VAT refunds for business visitors, with an application form available on its website.
World trade will continue to face strong headwinds in 2019 and 2020 after falling short of its 2018 growth forecast, the World Trade Organization said.
Ahead of its $10 billion bond issue, Saudi Aramco has taken the spot of the world’s most profitable company.