Other Briefings
Turkiye To Raise Corporate Income Tax Rates, But Provides Export Incentives
Move comes to assist with required US$100 billion needed after earthquake devastations Turkiye will raise corporate taxes to fund the recovery from major earthquakes that struck the country in February, according to a draft law presented to parliament by President Tayyip Erdogan’s ruling AK Party. The earthquakes in southern Turkey killed more than 50,000 people […]
UAE Corporate Tax: Non-Resident Entities Tax Obligations: Clarifications
With the June 1st changes to the UAE’s tax structure, it is apparent that Foreign companies and Non-UAE resident individuals (collectively ‘non-residents’) have on some occasions been a bit confused by the UAE corporate tax compliance requirements.
UAE, India Multilateral Trade: 2023/24 Status and Prospects
By Farzad Ramezani Bonesh India and the UAE established diplomatic and political-economic relations in the 1970s, and mutual embassies were then opened. But the relations between UAE and India have been significantly strengthened over the last decade.
UAE – Eurasian Economic Union Hold Free Trade Agreement Talks
Russian and UAE senior trade representatives shake hands in Moscow UAE-EAEU trade now US$6.3 billion and rising fast The UAE and the Eurasian Economic Union (EAEU) have held a second round of negotiations in Moscow concerning a potential free trade economic partnership. The discussions took place from June 20-22. The EAEU includes Armenia, Belarus, Kazakhstan, […]
Using Dubai As A Remote Working Base
New opportunities for Digital Nomads in the UAE The global workforce is in the midst of a monumental shift, one that has been years in the making but accelerated rapidly in the aftermath of the Covid pandemic. Once considered an unusual option for exceptional circumstances, remote work has become a critical element of every successful […]
Presidents Raisi and Putin Discuss Iran-Russia INSTC Connectivity
Direct rail route via Azerbaijan should be completed by mid 2025 The President of Iran, Ebrahim Raisi and the Russian President, Vladimir Putin have discussed the development of the International North-South Transport Corridor. Earlier this year, Russia and Iran signed an agreement on the construction of one significant part of the North-South Corridor – a […]
The GCC – China Free Trade Agreement – Latest Updates From Saudi Arabia
The free trade agreement currently being negotiated between China and the Saudi Arabia-dominated Gulf Cooperation Council needs to protect emerging Gulf industries, Khalid al-Falih, the Saudi investment minister said on Sunday, (June 25) adding he hoped it would be finalised soon.
Turkiye – UAE Bilateral Trade: 2023-24 Status and Prospects
By Farzad Ramezani Bonesh Since the beginning of the 21st century, Turkiye’s relations with the UAE have gained more dimensions with the strengthening of political and economic relations. But political and ideological differences, tensions in relations, and fallout over the alleged murder of Jamal Khashoggi reduced the trade turnover to about US$7 billion in 2018. […]
The UAE & Saudi Arabia’s Potential BRICS Membership
The expansion of the BRICS grouping shows a need of the moment for the restructuring of global economic needs By Mohammed Al Asoomi The changes brought about by the Russian-Ukrainian war are spreading at an accelerated pace, driven by objective developments and historical influences. These warrant a reconsideration when adapting to economic and geopolitical shifts. […]
Dubai Chamber of Commerce Opens Offices In Singapore
The UAE and Singapore have a Free Trade Agreement and offer each other regional access to new markets The Dubai International Chamber has opened a new international representative office in Singapore, reinforcing the existing and well-established business links between Singapore and the UAE. The step comes as part of the ‘Dubai Global’ initiative, which was […]
