Economy & Trade

UK – Gulf Cooperation Council Free Trade Agreement Talks: Latest Updates

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Bilateral UK-GCC Trade expected to increase by 16% when FTA is enacted The free trade negotiations between the UK and the six members of the Gulf Cooperation Council (GCC) are “progressing well” and will enhance the flow of goods, the UAE’s ambassador to the United Kingdom has said on Tuesday (September 26).

The UAE – 2022-2024 Foreign Investment Trends – New Complimentary Issue Of Asia Investment Research Out Now

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The new issue of Asia Investment Research (AIR) is out now and available for complimentary download. This issue contains unique data concerning the UAE and Middle eastern dynamics regarding Foreign Investment, Infrastructure Developments, Green Energy Transition, The Stock Exchanges, together with M&A and VC trends and recent deals in this dynamic region.

The BRICS and MENA

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How China and Russia are Engaging with the Muslim World in the Middle East  Chris Devonshire-Ellis, the Chairman of Dezan Shira & Associates, has been interviewed by the Voice of Islam Radio station about the development of the BRICS nations.

The UAE – 2022-2024 Foreign Investment Trends – Exclusive Data

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New complimentary UAE economic report to be published   The UAE has provided spectacular economic developments across multiple sectors over the past two years. With a new Middle East and UAE issue of Asia Investment Research (AIR) to be released next week, it is of specific note that in the following areas, the UAE has […]

Iran’s Membership in BRICS – Consequences and Prospects

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By Farzad Ramezani Bonesh Over the past two decades, BRICS has become more attractive for Iran because of its increasing geopolitical and geoeconomic status and dozens of successful meetings and summits. “BRICS Plus” allowed Iran to participate in the BRICS mechanisms in 2017. Negotiations began in 2017 regarding Iran joining the New Development Bank (NDB).

UAE, China’s Hainan Island Sign Numerous Private Sector Cooperation Agreements

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UAE-Hainan Non-Oil Trade has reached US$900 million as opportunities for UAE investors emerge The UAE and China’s Hainan Province have expanded bilateral trade and investment ties through the signing of four significant private-sector agreements by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Liu Xiaoming, Governor of Hainan Province.

Bahrain Permits Family Office Business Licences

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Bahrain’s Central Bank has issued new regulations that expand the scope of family offices in the country. A new category of investment licenses has been introduced, to provide regulated investment and wealth management services to family offices coming under the Central Bank of Bahrain’s supervision.

Abraham Accords Celebrate Third Anniversary

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The Abraham Accords, signed on the US Presidential White House lawn on September 2020, was a landmark moment, normalising diplomatic relations between Israel and the UAE and Bahrain, with Morocco and Sudan following suit. The agreements have bolstered stronger ties between the nations, offering all parties advantages in areas of economic cooperation, cultural exchanges, and […]

Saudi Arabia To Establish Investment Office In India

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Saudi Arabia’s Investment Minister Khalid Al-Falih has announced that the government is looking into setting up an investment office in India. He was speaking at the India-Saudi Investment Forum in New Delhi, saying “I will commit today that we will open an office in India for investment facilitation.”

UAE Directives On Maintaining Audited Financial Statements

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With the UAE going through a transition from a no tax to a low tax jurisdiction, businesses based in the country now need to prepare additional annual reports to justify their business performance. In this article we discuss the need for preparing financial statements and explain the Government’s position – and business owners responsibilities. 

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