Other Briefings
Dubai And UAE Foreign Investors Must Prepare For New Tax Rules Effective June 1st
Foreign investors in the UAE must start preparations to be in compliance with the new tax reporting regime. The United Arab Emirates has announced Federal Law No. 47 of 2022 on the taxation of companies. Under the new regime, UAE registered businesses become subject to corporate tax in their first financial year that starts on […]
UAE’s Strong 2022 Economic Growth Highest For 11 Years
Opportunities for foreign investors to access new markets in a region promising higher than global average growth projections and market stability The UAE economy is projected to grow by 7.6% for 2022, the highest in 11 years, driven by both oil and non-oil sectors, according to the latest estimates by the UAE Central Bank. […]
UAE, India Discussing Mutual Rupee Trade Settlements
Bilateral trade is booming due to new trade agreements as US dollar loses out as preferred currency The US Dollar continues to lose popularity in international finance and trade, with the UAE and India being the latest countries to consider dumping the dollar and conducting bilateral trade in Indian Rupees. The reason for distrust of […]
UAE-Pakistan Bilateral Trade Up 23% With Additional Growth Potential On Track
The total trade between UAE and Pakistan was 19.7 billion dirhams (US$5.36 billion) in 2021, with a growth rate of 23% compared to 2020. Due to certain disruptions, the figures were not released until December 2022. The 2021 figures were announced by Abdullah Al Muwaiji, Chairman of the Board of Directors of Ajman Chamber of […]
Iran, Saudi Arabia Improving Trade & Diplomatic Ties
Hossein Amirabdollahian, Iran’s foreign minister said on Wednesday (December 21) that he held talks with Prince Faisal bin Farhan, his Saudi counterpart at a regional conference promoting peace in Iraq, held in Jordan.
UAE, Sudan To Build US$6 Billion Abu Amama Red Sea Port & SEZ
A consortium led by the UAE’s AD Ports Group and Invictus Investment of Dubai have signed a preliminary agreement with Sudan to build and operate the Abu Amama Port and Economic Zone on the Red Sea with a US$6 billion investment.
Abraham Accords Leading To UAE-Israeli Investments
US VC firms able to exit Israeli projects with Gulf investment capital The Abraham Accords – a combination of peace and trade directives aimed at encouraging greater links between Israel and the Gulf States, are starting to deliver concrete results. The UAE became the first Gulf state to normalize relations with Israel under a US-brokered […]
Saudi Arabia, China Working Closely Together In Artificial Intelligence Life Management Applications
Riyadh could develop as an AI hub serving the Middle East and Central Asia While Xi Jinping’s State Visit to Saudi Arabia last week gained a great deal of attention, it is actually a rather smaller Saudi-Sino deal agreed a couple of months earlier that may yet prove to have the longer lasting implications.
UAE Begins Fast Track Talks Over Eurasian Economic Union Free Trade Agreement
Bilateral trade Up 60% as Russian & EAEU Businesses Eye Dubai and Abu Dhabi Opportunities The Eurasian Economic Union (EAEU) countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia have approved the commencement of talks to conclude a free trade agreement between the EAEU and the United Arab Emirates (UAE).
Saudi Arabia, China, Expected To Strengthen Trade & Development Ties During Xi’s Presidential Visit
China’s President Xi Jinping arriving in the Saudi Arabian capital Riyadh today (Wednesday, December 7) on a long-awaited visit. Saudi Arabia is giving Xi full state pageantry and the possibility of multiple agreements expected to cement ties between China and Saudi Arabia. The two countries signed off a massive, ‘Strategic Partnership Energy Agreement’ earlier this […]
