February 1    Workers in the UAE are likely to take home higher paycheques this year, as corporates are expected to grant salary increases of around 4.5% in 2024, recruitment specialists Cooper Fitch said. The rise in compensation will be driven by the strong performance of the country’s non-oil sectors, coupled with an increase in the UAE’s OPEC+ oil output quota and the need for employers to retain top talent, Cooper Fitch said in its report.

January 30    New economic data revealed business activity in Abu Dhabi surging in 2023, with 25,647 new economic licenses issued worth over Dh210 billion in the year, and active licences growing 10.9 percent from last year. 

January 24    The UAE has no plans to impose income tax on individuals, according to Ministry of Finance’s Undersecretary Younis Al Khouri. 

January 21    Despite a worldwide 18 percent decrease in FDI inflows in 2023, the UAE recorded a significant 28 percent increase in new foreign investment projects, positioning it second globally after the United States.