Middle East Briefing News

UAE’s New Dirham Symbol and Digital Currency: Q4 2025 Launch

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The UAE’s Digital Dirham, a blockchain-based central bank digital currency (CBDC), is set to launch by late 2025. Alongside this, a new symbol for the Dirham has been introduced, reinforcing the nation’s commitment to financial modernization and global competitiveness.

Egypt Approves Budget for FY2025-26 Amidst IMF Pressure

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Egypt’s FY2025-26 budget, totaling EGP 4.6 trillion (US$90.97 billion), focuses on fiscal discipline, social protection, and economic growth, aligning with IMF-backed reforms. Key measures include increased subsidies, higher public sector wages, and targeted investments in productivity and infrastructure.

Sharjah Natural Resources Tax 2025: Implications for Extractive and Non-Extractive Businesses

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Sharjah’s Natural Resources Tax, effective February 2025, imposes a 20% tax on extractive and non-extractive natural resources businesses.

Saudi Arabia Introduces New Ultimate Beneficial Ownership Rules

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Saudi Arabia introduced the new Ultimate Beneficial Ownership (UBO) Rules, mandating all companies to identify, disclose, and maintain up-to-date records of their ultimate beneficial owners.

Egypt-India Economic Ties Eyeing US$12 Billion Trade Target & Investment

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Egypt and India are strengthening trade and investment ties, aiming to increase bilateral trade from US$4.2 billion in 2024 to US$12 billion in five years, with key sectors including renewable energy, pharmaceuticals, and infrastructure.

UAE-US Economic Relations: Trade, Investment, and Strategic Cooperation

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The UAE is strengthening its trade and investment ties with the US through significant investments in energy, technology, and infrastructure.

Saudi Arabia Releases Draft Real Estate Transaction Tax (RETT) Regulations

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Saudi Arabia introduced a new regulatory framework for real estate transactions with the publication of RETT draft regulations by ZATCA, clarifying the application of the 5 percent RETT, exemptions, compliance obligations, and enforcement mechanisms. 

Eid al Fitr 2025 Holidays and Private Sector Guidelines in GCC

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Eid al Fitr holidays for the private sector in GCC countries vary by nation, with most granting three to five days off. Labor laws ensure fair compensation for employees required to work during this period.

UAE’s Corporate Tax Deadlines and Compliance for 2025

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Stay informed about the UAE’s corporate tax deadlines, compliance requirements, and potential penalties in 2025. Learn key steps to ensure timely registration and avoid fines.

2025年土耳其自由贸易区出口目标:关键行业、核心优势与投资潜力分析

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土耳其计划至2025年通过其自由贸易区实现125亿美元的出口目标,重点聚焦于汽车制造、可再生能源开发以及豪华游艇生产等关键行业。为达成这一目标,土耳其将依托税收激励政策、灵活的运营机制以及对核心产业的战略性投资。

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