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UAE economy to grow 3% in 2023; 4% in 2024: S&P

UAE economy to grow 3% in 2023; 4% in 2024: S&P
bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.

UAE economy set to grow 3% this year; 4% in 2024

The UAE economy is forecast to grow 3% in 2023 and 4% in 2024, driven by the non-oil sector, which is expected to benefit from strong growth in tourism, government initiatives, and technological advancements, according to S&P.

UAE begins corporate tax roll-out amid diversification push

The UAE began rolling out a 9% business tax on Thursday, with exemptions for the many free zones which power its economy, as the formerly tax-free oil producer seeks to boost non-oil revenue and remain a regional commercial hub.

UAE: UAE begins 9pc corporate tax roll-out, small firms exempted

UAE: UAE begins 9pc corporate tax roll-out, small firms exempted
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