Middle East Briefing News

Foreign Investors In the UAE: Non-Compliance Tax Rules – Compliance and Non-Compliance Penalties

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With the UAE Ministry of Finance setting the penalty structure for non-compliance on corporate tax, all UAE businesses, including foreign investors, have a nine-month window to make sure that all their submissions are in order.

Bilateral Trade Between Pakistan and Saudi Arabia, Status and Prospects

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An expanded CPEC could fast track Saudi-Pakistan development By Farzad Ramezani Bonesh Introduction The relations between Saudi Arabia and Pakistan go back to the 1940s and before the independence of Pakistan. Pakistan has had close relations with Saudi Arabia since its independence in 1947. Relationships are rooted in religious, cultural, and commercial links and common […]

Starting A Business In The UAE? Points To Consider

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The UAE and Middle Eastern are booming and attracting huge volumes of new businesses wanting to set up in the region. However, this has coincided this year with significant changes in the UAE corporate tax regime, which came into effect from June 1st this year. This is a landmark move that has marked a departure […]

Dubai Chamber Establishes Joint Romanian Business Council

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The Dubai Chamber of Commerce has taken a significant step in strengthening economic relations between Dubai and Romania with the establishment of the Romanian Business Council. The recently launched business council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai, as well as support Dubai’s presence in Europe and attract new […]

Dubai Chamber Of Commerce Opens Office In Ho Chi Minh City

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The Dubai International Chamber has opened a representative office in Vietnam to explore opportunities for trade and investment. The new Ho Chi Minh City office is its third in Southeast Asia after Indonesia and Singapore.

Gulf and Central Asian Countries Hold First CA+GCC Heads Of State Summit

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Summit will redefine regional dynamics, strengthen ties in trade, economy, culture, and streamline investment projects. By Chris Devonshire-Ellis Saudi Arabia has been hosting the first summit of the Central Asia + Cooperation Council for the Arab States of the Persian Gulf (GCC) in Jeddah. This new format of interregional cooperation, labelled the CA+GCC, has been […]

China’s Total Middle East and Africa Trade Up To US$1.63 Trillion

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Sarmad Lone, the Regional Head of client coverage, corporate, and commercial and institutional banking in Africa, the Middle East and Pakistan at Standard Chartered has said that China’s trade and investment links with Africa and the Middle East have become deeper and increasing mature, with Chinese enterprises active in all sorts of sectors, ushering in […]

China’s Multilateral Trade With Saudi Arabia, 2023/24 Status and Prospects

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By Farzad Ramezani Bonesh Trade relations between China and the Arab countries go ack at least 1,500 years, when Chinese goods came to the Arabian Peninsula and Arab goods were transported to East Asia. China and Saudi Arabia established diplomatic relations in July 1990, with bilateral relations developing comprehensively over the past few decades. In […]

UAE Plans To Double GDP To Over US$800 Billion By 2030

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Plus the latest on UAE-Turkiye economic engagement following Erdogan’s visit  The United Arab Emirates is looking to accelerate economic growth over the coming six-seven years as it seeks to double its gross domestic product to over US$800 billion by the end of the decade.

How The UAE-India Currency Deal Will Help Bilateral Trade & Investment

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The recent agreement between the UAE and India to allow businesses in the two countries to invoice and pay for goods and services in the Indian rupee (INR) and the UAE dirham (AED) – will have a significant impact on the trade and manufacturing sectors in both countries.

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