Middle East Briefing News

Hong Kong and Saudi Arabia Announce US$1 Billion Investment Fund to Forge Closer Ties

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The Hong Kong Monetary Authority (HKMA) and Saudi Arabia Public Investment Fund (PIF) have signed an MoU establishing a US$1 billion investment fund aimed at strengthening their economic relationship.

Understanding the KSA National Address System

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A key requirement for residents and businesses seeking to operate in Saudi Arabia (KSA) is obtaining and registering a National Address. This article outlines the essential steps involved and highlights the e-governance and online platforms that have been optimized to facilitate this process.

Türkiye Revised VAT Rates: Impact on Healthcare and Telecom Sectors

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Turkey recently revised VAT rates, reducing the tax on approved medical products and special-purpose foods to 10 percent, while telecom equipment faces a standard 20 percent VAT.

UAE Federal Tax Authority Releases Guide on Corporate Tax (CT) Return: Key Obligations

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The UAE Federal Tax Authority (FTA) has published a guide on filing the corporate tax return, outlining procedural and reporting requirements.

Investing in Kuwait: Vision 2035 and Strategic Development Opportunities

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For entities investing in Kuwait, the GCC country presents a stable, strategically connected market with an array of opportunities in the non-oil, technology, healthcare, and private sectors, facilitated by the Vision 2035 approach.

Oman-India Free Trade Agreement Stalls Over Market Access Demands

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The Oman-India FTA status is currently at a deadlock, with Oman seeking revisions to India’s market access offer.

Australia and the UAE Forge Stronger Bilateral Ties Through Landmark CEPA

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The CEPA with UAE, signed on November 6, 2024, will be implemented after Australia’s domestic treaty-making process, ensuring comprehensive stakeholder engagement.

Investing in Oman’s Education Sector: A Growing Opportunity

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Oman’s education sector is evolving rapidly, presenting investment opportunities for foreign investors and local entrepreneurs.

Asia-Middle East Investment Dynamic Poised to Reshape Global Capital Flows, Says HSBC

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A recent report by HSBC highlights that Asia and the Middle East and Africa (MEA) are at the forefront of changing global capital flows.

UAE Tax Authority Announces Grace Period for Updating Tax Records: Key Details

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The UAE Federal Tax Authority (FTA) has introduced a grace period from January 1, 2024, to March 31, 2025, allowing businesses to update their tax records without incurring administrative penalties.

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