Other Briefings
Saudi Arabia Lifts 3-Year Ban on Expats Violating Re-entry Visa
Saudi Arabia has lifted the three-year ban on foreign workers who failed to return before the expiration of their exit and re-entry visas.
China Construction Bank Lists US$600 Million Green Bond on Nasdaq Dubai
China Construction Bank’s (DIFC Branch) listing of a US$600 million green bond on Nasdaq Dubai is a significant commitment to sustainable financing.
GCC Countries 2024 Economic Outlook and Growth Trends
In 2024, the GCC anticipates robust economic growth, led by the UAE and Saudi Arabia, with the World Bank highlighting positive trends and the rebound from slower 2023 performance.
India-UAE Business Summit Held at 2024 Vibrant Gujarat Global Investor Conclave
By Melissa Cyrill The UAE-India Business Summit, under the theme “Two Nations, One Vision,” took place January 10 during the Vibrant Gujarat Global Summit 2024, signifying a significant milestone in their economic collaboration.
GCC-South Korea Free Trade Agreement to Eliminate Almost 90% of Tariffs
On December 28, 2023, the Gulf Cooperation Council (GCC) and South Korea signed a joint statement committing to a free trade agreement (FTA).
China’s High-Net-Worth Individuals Flock to Dubai in Search of New Lucrative Business Opportunities
China’s high-net-worth individuals (HNWI) are attracted by the favorable policies and stable political and economic environment in Dubai.
China’s Rongsheng Petrochemical and Saudi Aramco Forge Closer Energy Ties with New MoU
Discussions are ongoing between Saudi Aramco and China’s Rongsheng Petrochemical regarding their mutual intent to acquire ownership stakes in each other’s subsidiary entities.
UAE Criteria to Determine Natural Persons Subject to Corporate Tax
We discuss the applicability of corporate tax on natural persons in the UAE, that is individuals conducting a business or business activity, as well as key exemptions.
The UAE F&B Market: Opportunities for Businesses
The UAE’s F&B market, the Gulf’s second-largest after Saudi Arabia, thrives on consumption driven by an affluent local population, large expat presence, and the country’s role as a regional commercial hub attracting millions of global visitors yearly.
Dubai Ban on Single-Use Plastic Bags Began on January 1
Dubai has introduced a phased ban on single-use products in its market, starting with single-use plastic bags from January 1, 2024. We list key details for businesses to pay attention to for compliance.
