Economy & Trade

Saudi Arabia Raises Wage Subsidies to 50 Percent for 63 Tourism-Related Jobs

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Saudi Arabia has expanded its wage subsidy program to cover 50 percent of salaries for 63 tourism-related occupations. This move aims to boost Saudization and empower the national workforce for Vision 2030 reforms.

UAE-Serbia CEPA Comes into Force, Strengthening Strategic Trade and Investment Ties

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The UAE-Serbia CEPA came into force in May 2025, eliminating tariffs on 96 percent of goods and boosting bilateral trade and investment. 

Dubai Global Hotspot for Millionaire Migration and Wealth Relocation

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Dubai has become a global hotspot for millionaire migration, welcoming 130,500 millionaires and positioning as hub for strategic investment.

Hong Kong: Financial Gateway for GCC Capital into Asia and China

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Hong Kong is deepening ties with the GCC, leveraging its global financial stature to emerge as a strategic hub for investment and finance.

Saudi Arabia and China Sign US$3.7 Billion in Agricultural and Trade Deals

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Saudi Arabia and China formalize 57 agreements worth US$3.7 billion, focusing on agriculture, water, and food security. Explore market opportunities and bilateral synergies.

Egypt Offers 15% Suez Canal Discount to Regain Trade Flow

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Egypt introduces a 15 percent discount on Suez Canal transit fees to offset trade losses from Red Sea disruptions. A look at the background, impact, and implications for global business.

US President Trump’s Middle East Visit Unlocks Trillion-Dollar Trade and Tech Deals

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Trump’s Middle East visit in May 2025 catalyzes investments and tech partnerships across Saudi Arabia, UAE, and Qatar.

UAE and Australia Trade and Investment Ties Following PM Albanese’s Re-election

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UAE and Australia deepen trade and investment relations with the continuity in leadership under Prime Minister Albanese and signing of the CEPA.

Saudi Arabia New Draft Data Protection Amendments: Overview and Business Implications

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Saudi Arabia is advancing its data protection regime through two complementary drafts: amendments to the PDPL Implementing Regulations and new controls for service providers in the data sector.

Saudi Arabia Introduces Comprehensive Amendments to VAT Implementing Regulations

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Saudi Arabia’s ZATCA has overhauled VAT regulations, tightening compliance and redefining tax treatment across sectors, especially for digital platforms and cross-border services.

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