UAE Emirate to launch free zone for digital and virtual asset firms
Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have different regulatory frameworks and tax schemes. Ras Al Khaimah, one of the United Arab Emirate’s (UAE) seven Emirates, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry […]
UAE leads as best FDI attraction hub among Arab countries
As per UNCTAD’s latest World Investment Report 2022, UAE ranks as the best nation in the Arab World, in 2021, from a foreign direct investment perspective. UAE remained the largest recipient of FDI with flows surging from US$19.88 billion in 2020, to US$20.7 billion in 2021. Global FDI inflows surged 64% in 2021, totalling to […]
UAE minister of economy: Crypto & tokenization “key” to doubling GDP
At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said that cryptocurrency and asset tokenization will be key to the country’s plans to double its economy — currently estimated to be the 34th-largest in the world — in 10 years. […]