Other Briefings
UAE Sets Zero Corporate Tax Threshold At US$100,000
The UAE has set the ‘Applicable Taxable Income’ threshold for Corporate Tax. A zero per cent rate will apply to taxable income that does not exceed Dh375,000 (US$102,000) during the same tax period regardless of the number of businesses or business activities the taxable person is engaged in during that period.
Saudi Arabia Launches Four-Day Access ‘Transit’ Visa
The Ministry of Foreign Affairs, in coordination with the relevant authorities and cooperation with national airlines, has launched an electronic service that will allow passengers stopping over in the Kingdom to obtain an entry visa.
Updates on the UAE’s New 9% Corporate Income Tax Charges and Applicability
The UAE is undergoing some tax changes this year, with the introduction of a 9% corporate income tax rate from June 2023 for the first time. There are some allowances however, and some of these apply to businesses registered in Free Trade Zones. These though are awaiting clarification as concern ’qualifying income’ for ‘free zone […]
Dubai Expecting A Busy 2023 In Developing An International IPO Market
Dubai is ready for more IPO listings from state-owned and private enterprises, driven in part by the recently launched Dubai Economic Agenda (D33) goals. Helal Saeed Al Marri, Director-General of Dubai Department of Economy, has stated that “Despite the many challenges faced, we saw robust GDP growth in 2022 and several other positive indicators, including […]
Cryptocurrency To Play ‘Major Role’ In UAE Global Trade – Minister of Foreign Trade
Thani Al-Zeyoudi, the UAE’s Minister of State for Foreign Trade declared that crypto would have a crucial role in UAE’s global trade, speaking at the World Economic Forum’s (WEF) annual summit at Davos. Notably, Al-Zeyoudi said that the UAE seeks to have significant regulations on crypto to promote further growth in the already flourishing crypto […]
World Muslim Communities Council Creates Western Uproar By Visiting China’s Xinjiang Province
Unpacking the differing opinions concerning the Uyghurs in China’s Xinjiang Province By Chris Devonshire-Ellis The World Muslim Communities Council has been in the centre of a Western media backlash for accepting an invitation from the Chinese government to visit Xinjiang Province, home to millions of Chinese Uyghur Muslims. The group’s Chairman, Ali Rashid Al Nuaimi […]
Saudi Arabia To Trade In Currencies Other Than The US Dollar
Saudi Arabia is discussing trade in currencies other than the US dollar, according to the Kingdom’s finance minister Mohammed Al-Jadaan, meaning a partial move away from using the US dollar could be imminent.
Azerbaijan – UAE 2023 Trade and Investment Development Prospects
Bilateral trade doubled in 2022 with plenty more room for growth In recent years, Azerbaijan’s image as a reliable trade partner has improved. As a result of the countries successful, multifaceted foreign policy, Azerbaijan has established strong partnerships with both European countries, and countries of the Turkic world, as well as with Arab states.
Kazakhstan Eyes UAE As Agricultural Export Market
Kazakhstan is interested in exporting agriculture production to the United Arab Emirates, Kassym-Jomart Tokayev, President of Kazakhstan has stated. Speaking at the Kazakhstan-UAE Investment Roundtable, President Tokayev said that cooperation in this field has the potential to lead to mutually beneficial results for both nations.
UAE, South Korea Sign 23 Bilateral Trade Agreements
The UAE and South Korea have signed 23 trade and investment agreements to bring businesses in the two countries closer together and mutually benefit from each other’s expertise.
