Other Briefings
Gulf and Central Asian Countries Hold First CA+GCC Heads Of State Summit
Summit will redefine regional dynamics, strengthen ties in trade, economy, culture, and streamline investment projects. By Chris Devonshire-Ellis Saudi Arabia has been hosting the first summit of the Central Asia + Cooperation Council for the Arab States of the Persian Gulf (GCC) in Jeddah. This new format of interregional cooperation, labelled the CA+GCC, has been […]
China’s Total Middle East and Africa Trade Up To US$1.63 Trillion
Sarmad Lone, the Regional Head of client coverage, corporate, and commercial and institutional banking in Africa, the Middle East and Pakistan at Standard Chartered has said that China’s trade and investment links with Africa and the Middle East have become deeper and increasing mature, with Chinese enterprises active in all sorts of sectors, ushering in […]
China’s Multilateral Trade With Saudi Arabia, 2023/24 Status and Prospects
By Farzad Ramezani Bonesh Trade relations between China and the Arab countries go ack at least 1,500 years, when Chinese goods came to the Arabian Peninsula and Arab goods were transported to East Asia. China and Saudi Arabia established diplomatic relations in July 1990, with bilateral relations developing comprehensively over the past few decades. In […]
UAE Plans To Double GDP To Over US$800 Billion By 2030
Plus the latest on UAE-Turkiye economic engagement following Erdogan’s visit The United Arab Emirates is looking to accelerate economic growth over the coming six-seven years as it seeks to double its gross domestic product to over US$800 billion by the end of the decade.
How The UAE-India Currency Deal Will Help Bilateral Trade & Investment
The recent agreement between the UAE and India to allow businesses in the two countries to invoice and pay for goods and services in the Indian rupee (INR) and the UAE dirham (AED) – will have a significant impact on the trade and manufacturing sectors in both countries.
Qualifying “Adequate Substance” Now Key To Attaining UAE Free Zone Zero Per Cent Corporate Tax Rates
Discussions on qualifying for the 0 per cent tax rate for UAE free zone companies has focused on qualifying income (QI), qualifying activities (QAs), excluded activities and de-minimis rules. However, attention on maintaining ‘adequate substance’ has also become a key technical issue. In this article we explain what this is and how to achieve it.
Turkiye’s Erdogan Goes On Middle Eastern Investment Raising Tour
Saudi drone exports deal biggest ever in Turkiye’s defense industry Turkish President Recep Tayyip Erdogan is currently half way through a three-day tour to the Persian Gulf countries, which is expected to result in the signing of investment agreements worth more than US$50 billion. About 200 Turkish businessmen will accompany him on the trip.
Consolidating Your UAE Businesses Into ‘Tax Groups’
There can be operational cost benefits for larger businesses with subsidiaries in the UAE by restructuring the corporate entity. As the UAE tax authorities provide more updates on the new corporate tax regime, the next set of updates will focus on the formation of ‘Tax Groups’.
Bilateral Trade and Investment Between Saudi Arabia & India, 2023/24 Situation and Prospects
By Farzad Ramezani Bonesh Introduction After the independence of India in 1947, diplomatic relations between New Delhi and Riyadh were established. Although the relations were not close until the early 1990s, various causes strengthened the motivations in relationships. King Abdullah bin Abdulaziz Al Saud’s visit to India in January 2006 was a milestone in increasing […]
Russia Upsets Iran Over UAE Persian Gulf Islands Stance
Tehran has summoned Russia’s ambassador to complain over a Moscow-endorsed statement on three Gulf islands disputed by Iran and the United Arab Emirates.
