Other Briefings
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).
Saudi Arabia and Russia: The 2023 –24 Trade and Investment Dynamics
Growth is apparent but INSTC connectivity is required to boost bilateral trade By Emil Avdaliani Political and economic trends across Eurasia have pushed Saudi Arabia and Russia to seek closer ties. Riyadh seeks to diversify its foreign policy and foreign economic relations in order to implement its Saudi Vision 2030 strategic development programme, while it […]
UAE – Russia: 2023-24 Trade and Investment Dynamics
Already bilateral dynamic trade will be further boosted as the UAE joins the BRICS By Emil Avdaliani Russia’s re-orientation of trade from the West to Asia has benefited the United Arab Emirates (UAE). Trade grows as does the potential for investments. However, the Russia-West confrontation does not solely account for the burgeoning UAE-Russia ties. Those […]
The UAE’s Trade and Investment Dynamics with the BRICS
With the United Arab Emirates having just been invited to join the BRICS group, we provide an analysis of existing UAE – BRICS trade By Emil Avdaliani Introduction The 2023 annual BRICS summit has just concluded in Johannesburg, with the BRICS member countries – Brazil, Russia, India, China and South Africa issuing invitations to another […]
Türkiye, UK To Discuss Upgrading Their Free Trade Agreement
Services sector opportunities for the UK as Türkiye emerges as a North-South-East-West transport hub for Europe By Chris Devonshire-Ellis Türkiye and the United Kingdom have agreed to commence discussions on a expanding their current free trade deal, with talks tabled to start early next year. With Türkiye and the UK being the part of the […]
Are Employee Bonuses and Commissions Liable For Individual Income Tax In The UAE?
In the UAE, employers often pay additional bonus and/or commission to incentivise employees. A notion is being created that a company should not pay commission or bonus to its employees as these could be treated as employees’ individual business income.
UAE Free Zones See High Foreign Establishment Demand
Boom time in Dubai for foreign investors as corporate rents competition incentivizes tenant overheads lower Free zones in the UAE are celebrating their status as the go-to places for new businesses – both domestic and foreign investors – as it becomes clear that businesses based in qualifying free zones can apply for a 0 per […]
Pakistan’s Regional Trade Barter Mechanism Has Stalled
Middle Eastern suppliers want cash, not produce to pay for their production overheads Pakistan’s bailout deal with the International Monetary Fund has brought a degree of relief to the cash-strapped country, but another aspect of Islamabad’s strategy for easing its economic crisis is bearing little fruit so far. The Pakistani government has authorized barter trade […]
Dubai Chamber Of Commerce Sets Up Trade Office In Sydney
Australia-UAE Non-Oil Trade Up 28.6% In Past 12 Months The Dubai International Chamber of Commerce has announced the opening of a new international office in Sydney, Australia in addition to signing of a Memorandum of Understanding (MoU) with the Australia Arab Chamber of Commerce & Industry (AACCI).
