Dubai – As Oil prices plummet, costs of living increases and Dubai introduces VAT, is it still an attractive place to be based? I say …Absolutely!
Despite the above, several technology firms are filling the void made by Energy companies who have been retracting from the region. The likes of Wipro / Tata / IBM and Dell are expanding offices in Dubai / Sharjah and Abu Dhabi as technology demand increases across exponentially.
India has recently passed a bill to allow Eligible Foreign Entities (EFE’s) to trade on 2 of their largest commodity exchanges, MCX and NCDEX. As a result, some European based Financial firms are setting up in Dubai’s financial district in order to trade with India.
Location wise, the middle east sits in a great time zone where trade with Asia and Europe is undertaken easily.
If you are a candidate looking to move to the region or a business looking to setup in the Middle East drop me a line and I would be happy to advise.
There will also be a LIVE CHAT on our website this Friday at GMT 12pm where you can ask our consultants any questions regarding moving to the Middle East