Other Briefings
Saudi Arabia and BRICS: The Consequences of Joining, Multilateral Trade and Prospects
By Farzad Ramezani Bonesh with additional commentary by Chris Devonshire-Ellis Saudi Arabia’s Membership Process in BRICS “BRICS Plus” was created in 2017 and provided an opportunity for the multi-dimensional presence of Saudi Arabia in BRICS mechanisms. After the beginning of some changes in foreign policy, Riyadh participated in meetings and summits of the bloc. Over […]
The UAE At The G20 Summit
UAE joins the Global Biofuels Alliance Amongst regional Middle East transportation cooperation The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has attended the G20 summit in New Delhi, stating that he engaged in “constructive talks”.
Dubai DIFC Updates Data Protection Laws
The Dubai International Financial Centre (DIFC) has enacted amendments to the current framework of Data Protection Regulations. Regulation 10 is the first enacted regulations in the MEASA region on the processing of personal data via autonomous and semi-autonomous systems such as artificial intelligence (AI) or generative, machine learning technology.
Impact Of New BRICS Members In The Middle East
The entry of oil producers Saudi Arabia, the UAE, and Iran, along with Egypt, Argentina, and Ethiopia, to BRICS is expected to bring limited near-term economic boost for member countries, according to a report issued by S&P Global Ratings.
UAE Introduces Regulatory Body For The Gaming and Casino Industries
The UAE has created a federal authority to introduce a world-leading regulatory framework for national lottery and commercial gaming. The General Commercial Gaming Regulatory Authority (GCGRA), will create a socially responsible and well-regulated gaming environment while ensuring that all participants adhere to strict guidelines and comply with the highest standards.
Applying For Small-Medium Business Tax Relief In The UAE
With new SMEs flocking to the UAE to take advantage of the opportunities within the UAE and the Middle East region, in conjunction with ushering in a new tax regime, the UAE government have also provided guidance on Small Business Relief (SBR) to help entrepreneurs and smaller foreign investors quickly find their operational feet. We […]
UAE – Vietnam CEPA Trade Deal Expected By The Year End
The UAE and Vietnam are preparing to finalise their proposed CEPA agreement The Vietnamese Ambassador to the United Arab Emirates, Nguyen Manh Tuan, has said that the two countries should conclude their Comprehensive Economic Partnership Agreement (CEPA) this year, which will add new emphasis to the 30th anniversary of their diplomatic relations.
Saudi Arabia and the UAE Top Middle East’s 2023 M&A Activity
Increasing trade agreements and shifts of financing have seen Saudi Arabia and the UAE lead the Middle East’s US$43.8 billion mergers and acquisition (M&A) sector in 2023.
The UAE Regulates Its Cryptocurrency Market From August 31st 2023
The UAE has introduced a new, compulsory regulatory market for the use of cryptocurrencies beginning August 31st, 2023. All must now operate as licensed – and fully regulated – entities by the emirate’s virtual assets regulator. In Abu Dhabi, the regulator is the Abu Dhabi Global Market (ADGM) who oversees the virtual asset space in […]
UAE Wants To Invest In BRICS New Development Bank
The United Arab Emirates is looking to its new BRICS membership as an opportunity to develop trade and plans to commit more capital to the group’s New Development Bank (NDB), the UAE Economy Minister Abdulla bin Touq Al Marri stated on Monday (August 28).
