VAT goes live: The UAE introduced its Value Added Tax on January 1. Despite concerns and a steep-learning curve for many companies the rollout went smoothly. Image Credit: Ahmed Ramzan/ Gulf News

A year that began with soaring stock markets ended with them crashing all over the place. For the first time in a decade the ‘R’ word – or recession – was again back in conversations.

In the UAE key sectors remained under pressure even as the Government moved forward with major incentives such as liberalising the visa regime and also on inward investments. The New Year will be about waiting for those incentives to bear fruit…