The UAE's non-oil foreign trade reached an unprecedented value of AED 1.24 trillion ($337.6 billion) in the first half of 2023, marking a 14.4% year-on-year increase. This surge was driven by a remarkable 22% growth in non-oil exports with the country's top 10 trading partners during the same period. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, expressed confidence that the UAE's non-oil foreign trade would surpass AED 2.5 trillion this year and achieve the target of AED 4 trillion by 2031.
Author: UAEPress_Admin
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UAE 30-Day eVisa for GCC Residents
Dubai: If you reside in any of the Gulf Cooperation Council (GCC) countries and plan to visit the UAE for leisure or business purposes, you can easily apply for a 30-day eVisa online. The eVisa application for GCC residents can be accessed through the official online services platform of the Federal Authority for Identity, Citizenship, Customs, and Ports Security (ICP) at smartservices.icp.gov.ae. Here are all the necessary details:
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UAE Small Businesses Can Benefit from Tax Relief and Simplified Returns
In a recent move, the UAE government has introduced the Small Business Relief (SBR) to support small businesses in managing corporate tax requirements. This privilege is exclusively available to resident taxable individuals, both natural and juridical, with a gross business income of up to Dh3 million in the relevant tax period and any previous tax periods ending on or before December 31, 2026.
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IRENA Director-General to Participate in ACW 2023, Emphasizing Renewable Energy Transition in Africa
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The Supreme Court considers the Question of the State
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