Middle East Briefing News

Dubai Attracts 9 Technology Multinational Firms, Fueling its Digital Economy

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The Dubai Assets Law and the Business in Dubai platform are among key initiatives in the emirate that aim to attract high-quality technology investors, fintech firms, startups, and digital innovators.

UAE’s First Vertiport: Pioneering Advanced Air Mobility

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The UAE seeks to build an industry-service ecosystem around advanced air mobility (AMM) like eVTOL and other disruptive mobility solutions.

Spinneys and LuLu’s Public Offerings Pave the Way for Family-Owned Businesses

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Public offerings from Spinneys and LuLu Group are being hailed as game changers for the UAE market. Traditionally, IPOs in the UAE have been dominated by government utilities and private corporations.

Over 15,000 Indian Companies Joined Dubai Chamber of Commerce in 2023

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In 2023, 15,481 Indian enterprises joined the Dubai Chamber of Commerce, indicative of the UAE market’s appeal among global investors.

UAE Central Bank Calls on Lenders to Extend Loan Repayment Following Unstable Weather Conditions

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UAE directs banks and insurers to allow six-month loan repayment delay for customers affected by unstable weather.

Saudi Arabia Directs Enterprises to Submit VAT Returns for March and Q1 2024

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As Saudi Arabia’s tax regulator reminds businesses to file their VAT returns on time, we take note of key timelines and the filing mechanism.

Dubai Introduces New Judicial Authority to Resolve Conflicts Between DIFC and Local Courts

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Dubai has introduced a new judicial authority to address jurisdictional conflicts between DIFC Courts and local judicial bodies, with the goal of streamlining legal proceedings.

Navigating UAE Tax Compliance: Insights from the FTA’s Taxpayer Charter

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The UAE Taxpayer Charter outlines taxpayer obligations for compliance with tax laws and educates them about their rights, with the goal to establish greater transparency and mitigate tax avoidance.

Understanding the Dubai Unified Licence: Scope and Benefits

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The Dubai Unified Licence (DUL) is issued to existing and newly established businesses operating with either a mainland or a free zone licence.

Unveiling Opportunities: The United Arab Emirates Emerges as a Prime Destination for Entrepreneurs

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The UAE’s tax and regulatory environment and lifestyle indices has ranked it as a prime destination globally for entrepreneurs to launch a startup business in 2024 per a new report.

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