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Unified ICV Program Changing the Socio-Economic Landscape in UAE

Unified ICV Program Changing the Socio-Economic Landscape in UAE

kreston Mar 10, 2021

Prelude For past many years, the GCC countries have been initiating localization drives, particularly in the oil and gas industry. The major localization initiatives in the region started with Oman Oils In-Country Value (ICV) program followed by Saudi ARAMCO’s IKtVa...
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Dubai Chamber – A bridge between India and Dubai

Dubai Chamber – A bridge between India and Dubai

kreston Mar 10, 2021

  India and Dubai share historic and strong trade and cultural ties. The non-oil trade between India and Dubai has consistently increased over years from $26 billion in 2017 to $36 billion in 2019, making India the second largest trading partner for Dubai....
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Gearing up for the Next Normal

Gearing up for the Next Normal

kreston Oct 15, 2020

The Next Normal Every business was looking optimistic for a great 2020 at the beginning of the year, but now are facing a completely different scenario. The COVID-19 pandemic has severely affected businesses across every industry and geographical region. The norms of...
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ABRAHAM ACCORD: The Game Changer in Middle East

ABRAHAM ACCORD: The Game Changer in Middle East

kreston Oct 4, 2020

BACKGROUND The world woke up to the unexpected and astounding news of the peace treaty between the UAE and Israel, making UAE just the third Arab state, after Egypt and Jordan to establish formal ties with Israel. UAE scrapped an economic boycott against Israel which...
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Day 1 to Day 1000 VAT Journey in UAE

Day 1 to Day 1000 VAT Journey in UAE

kreston Sep 28, 2020

United Arab Emirates’ (UAE) most significant tax reform, Value Added Tax (VAT) which was introduced in January 2018, is set to complete 1000 days and it is worthwhile to look back on its incredible journey.   As we all had witnessed, there were concerns about the...
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