Author: Suhail Hasan

Saudi Arabia which been a key exporter of crude oil is now aiming to be a major producer and exporter of natural gas by the year 2030. Of course, Saudi Arabia can be considered the ninth largest global gas producer, supplying mostly domestic needs, although in the framework of specific ‘Vision 2030’ there are plans to increase commodity production and export. Saudi Aramco for Hydrocarbon is one of the largest firms in the country, which unveiled over $25 billion strategy to enhance the firm’s gas segment. Such plans include huge capital expenditure of 3,340 Million USD for increasing the capacity…

As people start to season their travels around the globe important need for fast visa processing services increases. Currently, VFS Global’s CEO Zubin Karkaria heads this challenge, where the aim is to make an application for a visa as easy as possible for millions of people across the globe. VFS Global is an international company that was established in 2001, and currently it cooperates with 68 governments for more than 150 countries that provides services for millions of people applying for visas every year. The vision of Karkaria to build VFS Global was probably conceived when the world saw a…

United Arab Emirates presented a coordinated statement of 69 nations during the 56th session of HRC in Geneva in which they discussed how climate change affects human rights. Khalifa Almazrouei, Counsellor at the UAE mission in Geneva spoke of the current status and impact of climate change saying that it was universal and cuts across the existing economic structures. In his speech, Almazrouei stressed the importance put on human rights in the fight against climate change effects that deeply affect people with lower living standards. Many of these groups are living in conditions such as poverty, poor housing and shelter,…

His Majesty Sultan Haitham Bin Tarik has congratulated the new Prime Minister of the United Kingdom, Keir Starmer through a cable. Official opposition, the Labour party, leader Keir Starmer promised a ‘national renewal, after his party made a decisive win in the UK’s general election.

Kuwait has successfully taken the final two Caracal helicopters, and thus fulfilled the delivery of 30 aircraft that was signed with Airbus Helicopters in August 2016. The Kuwait Armed Forces will be operating on the total of 24 of these new helicopters and the remaining six helicopters is for the Kuwait National Guard. This addition enriches Kuwait’s aviation repertoire that increases defence as well as national security outputs. About the Caracal helicopters, the Multi-Mission are developed for their flexibility and are equipped with innovative technology means, and their acquisition should improve Kuwait’s defense forces’ operational readiness.

Introducing the new project ‘The Dubai Car Market’, to be potentially rated as the largest and most progressive car market in the world said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. Therefore, the objective of this project is to support the enhancing of Dubai’s role as an important automobile trading hub. With aim and directives of H. H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and H. H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First deputy ruler of…

Cryptography firms in the United Arab Emirates are looking forward to a year of clear rules after the CBUAE recently okayed a framework for licensing stablecoins and its firms. This came through the “Payment Token Services Regulation” where the use of the virtual currency is set to be recognized and adopted into the economy of UAE. Jason Allegrante, the Chief Legal and Compliance Officer at Fireblocks said, “This licensing system is the first step in that direction for stablecoin development in the UAE. Regulation can unlock further innovation by offering clear rules of the game to the business and safeguards…

Quick analysis of the GDP of Ajman from the Ajman Statistics Centre suggests that, Ajman has recorded an impressive GDP for the year 2023. The nominal GDP for the Emirate of Abu Dhabi was $ 36. 27 billion in the year 2003/2004, it was $ 33. 9 billion in the year 2002/2003 meaning a growth rate of 6. 25 percent. At constant prices, the GDP stood at around AED 32 billion, while in 2022 it was AED 30. 5 billion, therefore implying a GDP growth rate of 4. 7 percent. According to Dr Hajar Saeed Al Hubaishi, Executive Director, Ajman…

Currently, the UAE is gradually turning into one of the most important nodes of the crypto industry, which can be seen in the growing innovative and regulatory activity, as well as the extremely high transactional activity within the country. As of the data released by Chainalysis, the UAE has identified $35 billion worth of cryptocurrency activities in the last year, of which 67% is a net effect of institutional investors using transactions between $1 million and $10 million. Crypto industry currently uses about 1,938 organizations in the UAE and the nation is among the top ten fastest-growing digital assets markets.…

Establishing a business in the UAE is easy, fast and devoid of many formalities because of numerous government support and promos. Currently, the country is using such incentives as Golden visas, no income tax, full business ownership with no minimum investment capital. Golden Visas: Expats also have access to UAE’s residency Permit known as Golden Visa that means they can live, work or study in the country without requiring a national sponsor and they can own their companies, freely 100%. No Income Tax: Currently, the UAE offers no income tax on any individual emittance of full profits and also acts…