OECD’s free zone tax review ‘to boost UAE’s competitiveness’
The UAE Ministry of Finance has announced that the latest review by the Organisation for Economic Co-operation and Development (OECD) on preferential tax regimes has officially recognised the country’s Free Zone Corporate Tax regime as ‘non-harmful,’ underscoring the UAE’s robust tax legislation and its alignment with international standards. This rating is part of the OECD’s […]
Aramex Q4 2023 net profit doubles to $21m
Aramex, a leading global provider of logistics and transportation solutions has seen its fourth-quarter (Q4) 2023 net profit more than doubled to AED77 million ($21 million) compared to Q4 2022, driven by a growth in EBITDA. The substantial EBITDA growth of 33% YoY in Q4 2023 was driven by an increased focus on quality revenue, […]