INSIGHTS
Breaking the bias at work in 2022: Women in business.
International Women's Day falls on March 8th. This year's theme, "Break the Bias," highlights the need for a world free of bias, stereotypes, and discrimination, which would strengthen the case for gender equality. Whether deliberate or unconscious, the bias makes...
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Global passenger numbers are on the rise, according to IATA.
The International Air Transport Association (IATA) anticipates that the number of travelers worldwide will reach 4.0 billion by 2024 (counting multi-sector connections as one passenger), exceeding that of pre-COVID-19 (103 percent of the total of 2019). In light of the evolution...
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Wego will acquire Cleartrip’s Middle East business.
Wego, the online travel marketplace in the Middle East and North Africa (MENA) region, plans to acquire Cleartrip's Middle East business in a deal that is expected to close in the second half of 2022. Dubai Internet City, where the...
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According to Musafir data, corporate travel is back to 80 percent of pre-pandemic levels.
Musafir forecasts travel demand will rise in 2022, recovering to 80 percent of pre-pandemic levels. The company anticipates continued development in the tourism industry as well as corporate travel. The two sectors see a gradual rise in demand due to...
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AD Ports Group and Ghassan Aboud Group to build 3.3 sq km Food Trading and Logistics Hub.
In collaboration with Rungis, AD Ports Group, and UAE-based multi-business conglomerate, Ghassan Aboud Group has established one of the region's largest multi-category wholesale food trading and logistics centers in KIZAD. In collaboration with Rungis, the Regional Food Hub - Abu...
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According to a YouGov study, 79 percent of UAE businesses have embraced the new work week.
In the UAE, the shift to a new work week has been most pronounced among young adults. There is a higher proportion of young adults aged 18-24 who claim to be affected by this change (76 percent) compared with older...
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Companies in MENA delight their customers.
The Middle East and North Africa, as a whole, have embraced the concept of digitization enthusiastically. According to one estimate, artificial intelligence investments may constitute 19 percent of the MENA retail sector's contribution to GDP by 2030. A great deal...
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Federal corporate income tax of 9 percent will be imposed on business profits exceeding $100,000 beginning 1st June 2023.
The UAE's corporate tax regime will be among the most competitive worldwide, featuring a standard statutory tax rate of 9 percent and a tax rate of 0 percent for taxable profits up to AED375,000. The Ministry of Finance announced that...
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