96 Dubai ended its 30% tax on alcohol sales in the sheikhdom Sunday and made its required liquor licenses free to obtain, ending a long-standing source of revenue for its ruling family to apparently further boost tourism to the emirate. Alcohol sales have long served as a major barometer of the economy of Dubai, a top travel destination in the UAE, home to the long-haul carrier Emirates. During the recent World Cup in nearby Qatar, Dubai’s many bars drew commuting soccer fans. Abu Dhabi, the capital of the oil-rich UAE, ended its alcohol license system in September 2020. The announcement Sunday also came as the UAE prepares to introduce a 9% corporate tax in June atop of other fees and charges it levies while avoiding personal income taxes. You Might Be Interested In Sweden’s Real Estate Market in Freefall as House Prices Plummet Report Urges India to Ramp Up Solar Energy Capacity Indonesia to move capital from Jakarta to Nusantara, but it won’t be easy ‘A real big deal’: Biden backs economic corridor as shifting geopolitical alliances fragment the global economy Indian Army Inaugurates First Ever Two Storey 3-D Printed Dwelling Unit South Korea and US Strike Unique Deal to Supply Ukraine with Ammunition
