Middle East Briefing News

Red Sea Security Concerns Hit Suez Canal Earnings

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Suez Canal earnings fell nearly 25 percent from July 2023 to June 2024 as shipping companies chose alternative routes to avoid Houthi attacks in the Red Sea.

Oman Labor Authority Prohibits Expat Hiring in 30 Professions, Details Awaited

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The Ministry of Labor (MoL) has announced that 30 new professions will be reserved exclusively for Omanis. However, details are awaited before the regulation comes into effect in September.

Egypt’s Tourism and Real Estate Prospects: Recent Trends and Outlook

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Projects such as the “South Med” initiative and the development of New Alamein City exemplify Egypt’s commitment to positioning itself as a premier global destination for tourists and investors alike.

Saudi Arabia, Thailand Strengthen Economic Ties with New Investment Office in Riyadh

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The Riyadh investment office is part of Thailand BOI’s broader strategy to extend its presence across the Middle East, underscoring the country’s ambition to position itself as a gateway for Middle Eastern investors looking to access ASEAN markets.

UAE E-Commerce Regulation and Licensing Requirements

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We briefly discuss Law No. 14 of 2023 Concerning the Modern Technology-based Trade, which is the main UAE federal legislation governing e-commerce and licensing requirements for online traders.

UAE Corporate Tax Rules for Free Zone Persons

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A brief guide to the specific criteria that entities in UAE Free Zones must meet to qualify for the 0 percent corporate tax rate.

Leveraging Opportunities in Saudi Arabia’s Renewable Energy Sector

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We briefly discuss the opportunities and strategic considerations for businesses looking to engage in Saudi Arabia’s emerging renewable energy sector.

Key Offtake Agreement Boosts Egypt’s Green Hydrogen Project Ahead of 2025 Decision

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With strategic partnerships, secured offtake agreements, and robust financial backing, Egypt is poised to become a key player in global green hydrogen and ammonia markets.

UAE Retains Crown as World’s Top Wealth Magnet: A Closer Look

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The UAE has retained its position as the world’s top “wealth magnet” for the third consecutive year, attracting high-net-worth individuals with its favorable tax regime, golden visa policy, luxury lifestyle, and strategic location.

The UAE Releases New Public-Private Partnership (PPP) Manual

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The UAE released a new Public-Private Partnership Manual to enhance collaboration in key sectors like infrastructure and healthcare, aiming to drive sustainable growth and attract foreign investment.

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