The UAE continued to remain top destination for the foreign companies to invest as the emirate jumped five places to become 30th country in the world for its ability to attract foreign direct investments.
The UAE, along with Saudi Arabia, are the first two GCC states to implement a five per cent VAT as part of reforms aimed at shoring up government revenue hurt by low oil prices. In the UAE, VAT is expected to yield Dh12 billion in 2018 and Dh20bn in ...