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  2. Economy of the United Arab Emirates - Wikipedia

    en.wikipedia.org/wiki/Economy_of_the_United_Arab...

    Economic overview. UAE has the second-largest economy in the Arab world (after Saudi Arabia), [ 22 ] with a gross domestic product (GDP) of US$414 billion (AED 1.52 trillion) in 2018. [ 23 ] A third of the GDP is from oil revenues. [ 22 ] The economy was expected to grow 4–4.5% in 2013, compared to 2.3–3.5% over the previous five years.

  3. Taxation in the United Arab Emirates - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United...

    The current standard VAT rate in the country is 5%. [2][3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4] The standard rate of corporate tax is 9%, some exempt businesses and those with net annual profits under AED375,000 (US$102,100) qualify for a rate of 0%, and ...

  4. Off-price - Wikipedia

    en.wikipedia.org/wiki/Off-price

    Off-price. Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount ...

  5. Freedom of religion in the United Arab Emirates - Wikipedia

    en.wikipedia.org/wiki/Freedom_of_religion_in_the...

    Article 1 and Article 66 of the UAE's Penal Code required hudud crimes to be punished with the death penalty, even though no executions for apostasy have ever taken place. [ 20 ] [ 21 ] By virtue of Federal Decree Law No. (15) of 2020, Articles 1 and 66 of UAE's Penal Code no longer incorporate hudud crimes.

  6. EDGE Group - Wikipedia

    en.wikipedia.org/wiki/EDGE_Group

    EDGE Group (Arabic: مجموعة إيدج) is an Emirati advanced technology and defence conglomerate comprising 25 companies involved in military and civilian products, and technologies. [5][6][7] Edge is reported to be among the top 3 manufacturers and suppliers of precision guided munitions. [8]

  7. COVID-19 pandemic in the United Arab Emirates - Wikipedia

    en.wikipedia.org/wiki/COVID-19_pandemic_in_the...

    The COVID-19 pandemic in the United Arab Emirates is part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first confirmed case in the United Arab Emirates was announced on 29 January 2020. It was the first country in the Middle East to report a ...

  8. Discounting - Wikipedia

    en.wikipedia.org/wiki/Discounting

    The discount, or charge, is the difference between the original amount owed in the present and the amount that has to be paid in the future to settle the debt. [1] The discount is usually associated with a discount rate, which is also called the discount yield. [1][2][4] The discount yield is the proportional share of the initial amount owed ...

  9. List of mobile network operators in the Middle East and Africa

    en.wikipedia.org/wiki/List_of_mobile_network...

    Yemen. In September 2010 the penetration rate was estimated at 38.4% over a population estimate of 24.1 million. [169] Because of unreliable coverage of mobile services in certain areas, particularly in rural areas, it is common for Yemenis to utilize a phone with Dual SIM capability.

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