Middle East Briefing News

VAT in the UAE: Registration, Rates, and Compliance

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The UAE implemented VAT in 2018 with a standard rate of 5 percent, applied at each stage of the supply chain. Businesses must adhere to compliance regulations, and failure to do so can result in significant penalties.

China Deepens Economic Cooperation with Saudi Arabia and UAE in New Energy and Emerging Sectors

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Chinese Premier Li Qiang’s recent visits to Saudi Arabia and the UAE have marked a significant step towards strengthening economic cooperation with two of the Gulf region’s wealthiest nations.

Middle East Pivot for Chinese EV Firms: Dealmaking, Market Sales

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The Middle East, driven by sustainability efforts and strategic investments, offers key opportunities and challenges for Chinese EVs as the region seeks to boost adoption and infrastructure.

Saudi Arabia’s US$5-Billion-Investment Pledge in Egypt: Strengthening Economic Ties and Industrial Cooperation

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Saudi Arabia has strengthened its economic ties with Egypt, as Crown Prince Mohammed bin Salman announced a US$5 billion investment by the Public Investment Fund (PIF) during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh.

Italy’s Saipem Expands Offshore Portfolio with Major Contracts in Qatar and Saudi Arabia

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Italian energy contractor Saipem continues to strengthen its position in the Middle East with the recent award of significant offshore engineering, procurement, and construction (EPC) contracts in both Qatar and Saudi Arabia.

A Comprehensive Guide to Abu Dhabi’s Economic Licenses

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Abu Dhabi offers seven types of economic licenses, each designed to meet the diverse needs of businesses and individuals, encouraging growth across various sectors.

Carrefour Partners with Dubai’s Apparel Group to Make a Comeback in India After 2014 Exit

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French retail giant Carrefour has teamed up with Dubai-based Apparel Group to launch its operations in India by 2025. Founded in Dubai in 1996, the Apparel Group operates in both the retail clothing and food and beverage (F&B) sectors.

UAE Unveils New Telemarketing Rules: What Businesses Need to Know

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The UAE’s new telemarketing regulations emphasize consumer protection and ethical business practices, requiring companies to adhere to strict guidelines and penalties to ensure transparency and respect for consumer privacy.

Bahrain Introduces New Top-Up Tax for Multinational Firms

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Bahrain announced a domestic minimum top-up tax for large multinational enterprises, effective January 1, 2025, aligning with OECD guidelines to promote fairness in international taxation.

Resolving Tax Disputes in the UAE – A Brief Guide for Companies

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Learn how companies in the UAE can effectively resolve tax disputes with the Federal Tax Authority and protect their financial interests through the proper legal channels.

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