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UAE and the Knowledge Economy

MBRSC announces launch of 1st edition of Science Event on October 21

Mohammed bin Rashid Space Centre, MBRSC, has announced the launch of the first edition of Mohammed bin Rashid Space Centre Science Event to be held under the patronage of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on 21st October. …

The event will host ministers and high-level speakers from the UAE who will present their vision for the future of the country on its transformational journey towards becoming a knowledge economy, in-line with its ambitious plans and strategies.  Rest

New Members of Abu Dhabi Executive Council take Oath

Shaikh Mohammad [Bin Zayed Al Nahyan, Abu Dhabi Crown Prince, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council] said the new phase of development requires creative and innovative ideas due to the unprecedented and rapidly changing world. “This phase needs us to keep pace with this development in terms of work and thoughts — a move that can be done by enhancing economic diversification, building knowledge economy and investing in human capital, with education being given a top priority as the main driver of development,” he said. Rest

Dubai FDI to build on growing investment inflows from US

Dubai Investment Development Agency (Dubai FDI) and Dubai Exports, both agencies of Dubai Economy, are heading to the US on a mission to draw focus on to the development strategies and policy initiatives transforming the emirate into a knowledge economy and innovation hub. Rest

UAE President Issues VAT Decree-Law with One of the Lowest Rates in the World

“The new tax system will provide extra support for the Government to implement the vision of the UAE leadership and build a diversified and productive knowledge economy,” H.H. Sheikh Hamdan [bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the Federal Tax Authority] added. “The newly introduced Value Added Tax that shall be implemented in the GCC depending on readiness of each member State between 1 January 2018 and 1 January 2019 pertaining to the Common VAT Agreement of the States of the GCC, will have positive results on the economy, far exceeding its 5% rate, given that revenues will be redistributed to development projects that benefit society at large and accelerate progress until the UAE reaches the top of global rankings across all sectors.” ​ Rest​​

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