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A GCC-WIDE implementation of value-added tax could be delayed to mid-2013 as administrations are unprepared for such a shift and an official decision is yet to be taken, an expert in Dubai said recently.
A new federal law on small and medium enterprises (SMEs) to be introduced by the end of June will outline the definition of SMEs, procedures of establishing SMEs and their capital requirements, a senior official of the Khalifa Fund said recently.
The Middle East's leading chief executive officers are confident the region is moving towards economic recovery, according to a key survey.
Ras Al Khaimah is focusing on small and medium enterprises (SMEs) by directing them to invest in untapped areas, increasing their management skills and ensuring high sales of their products.
QATAR?S TOURISM SECTOR is expected to sustain its six per cent annual revenue growth rate in 2010, and will particularly continue to focus on inbound travel being generated by the rapidly expanding local meetings, incentives, conferences and exhibitions (MICE) segment. The more than 180 major events scheduled in Qatar this year are expected to further increase demand for hotel rooms, mirroring the solid 25 per cent increase in room space recorded in 2009.