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In an effort to boost bilateral economic relations, Oman and India recently signed an agreement to update protocols to address double taxation and tackle financial evasion related to income taxes. You can find all the details in this article. The protocol is aimed at bolstering bilateral cooperation in the tax sector. Some of the top exports to Oman by India include petroleum products, processed minerals and basmati rice. India, on the other hand, has purchased fertilizers from Oman, among other things. Oman and India also agreed to expedite discussions for a Comprehensive Economic Partnership Agreement. This proposed CEPA is going to create a more favourable business environment by reducing or removing tariffs on a large number of products.

UAE President HH Sheikh Mohamed bin Zayed has announced this year as the Year of Community under the tagline 'Hand in Hand'. It is aimed at strengthening bonds and fostering a better sense of unity and inclusion across the country. The Year of Community is seeking to protect cultural heritage and strengthen intergenerational connections in the UAE. The Gulf state believes that a strong community can ensure a brighter future for generations to come. Set to continue till the end of 2025, the Year of Community is going to see numerous events and activities meant to strengthen community cohesion and ensure a supportive environment for all. It is going to unlock opportunities for families, businesses and communities.

UAE dominated the Global Millionaire Migration List last year. More and more richie rich are relocating to the Gulf state as they seek comfort, stability, better tax policies and great infrastructure - things the UAE is famous for offering round-the-clock. The number of millionaires calling the UAE their home last year is much higher than anticipated. The US and Singapore took the second and third spots on the list. China noted the most significant exits as 15,200 millionaires chose to relocate. It is undeniable that the UAE has political stability, a dynamic economy and fabulous infrastructure. The Gulf state is also located in a geographically good location. The UAE's tax policies and Visa programmes are also a big hit among international citizens.

  The Ministry of Human Resources and Emiratisation (MOHRE) recently highlighted that more than 10,500 people received vital financial assistance during times of unemployment in 2024 as a result of the UAE Unemployment Insurance Programme . The Unemployment Insurance System - initially introduced as a component of a larger social safety net - is a reflection of the UAE leadership's continuous dedication to preserving economic stability and helping people through difficult times.

  The UAE team and those from Israel and the US are discussing a post-conflict scenario in Gaza . The talks included the possibility of the UAE and US temporarily overseeing the reconstruction of Gaza after the Israeli military leaves and until a Palestinian administration is able to take control. The US, alongside mediators Qatar and Egypt, is pushing for a Gaza ceasefire. The reconstruction of Gaza, including its political institutions, is expected to take years and cost tens of billions of dollars, requiring substantial international support. The UAE is one of the first countries to start responding to the humanitarian crisis in Gaza. It had been reported earlier last month that the UAE’s total support for Gaza has already reached $828 million. International officials from UN humanitarian organisations are hailing the country’s support.