Other Briefings
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).
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 […]
