BBCNEWS World Business Report June 4, 2024 04:39:00
Will go down. the uae is one of the largest exporters of oil in the largest exporters of oil in the world, and abu dhabi has one of the largest reserves when it comes to reserves. dubai has of course established itself as a business. they are of course looking at the long—term picture, and thinking this will help them get more money in the system. the second reason is that the uae was one of the few countries in the region that did not have any sort of corporate tax. if you look at the neighbouring countries like saudi arabia, kuwait, they already have that in place. last year, the 0ecd, whi...