Confidence levels in Dubai’s economy have improved, especially in the trading and construction sectors.
According to the Department of Economic Development’s quarterly survey, more businesses are expecting an increase in their volumes and revenue.
Exporters and large companies are the most optimistic ones.
The positive outlook is mainly driven by the government’s business-friendly measures and new projects in the run-up to Expo 2020 Dubai.
FTA calls on registrants to benefit from grace period
The Federal Tax Authority (FTA) has called on registrants who have yet to update their tax records to take advantage of the UAE Cabinet’s decision to grant a grace period, relieving them from administrative penalties.
MBRSC, 'Thales Alenia Space' partner on Lunar Gateway project
The UAE's Mohammed Bin Rashid Space Centre (MBRSC) signed a cooperation agreement with Thales Alenia Space on Tuesday, marking a major step towards realising the UAE’s space exploration goals.
Gulfood 2025 to celebrate landmark 30th edition
Dubai World Trade Centre (DWTC) is gearing up to celebrate the return of Gulfood for its 30th edition, running from February 17-25, under the theme ‘The Next Frontier in Food’.
UAE-Kuwait Week kicks off in Dubai
The UAE-Kuwait Week has kicked off in Dubai, aiming to strengthen economic and cultural ties between the two nations.
Samsung E&A wins $1.7 bln contract for UAE methanol plant
Samsung E&A has been awarded, by TA'ZIZ, a contract worth AED 6.2 billion ($1.7 billion) to construct methanol plants in Abu Dhabi, as the UAE capital aims to diversify its economy.
