Middle East Briefing News

Dubai-Based Ports and Logistics Giant DP World Plans US$3bn Investments into Africa by 2029

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Nine of the world’s 20 fastest-growing economies in 2024 are in Africa, attracting companies like DP World despite challenges.

UAE Midday Break for Open-Air Workers Begins June 15 – Employer Obligations

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UAE employers are obliged to ensure the 12:30 to 15:00 midday break for open-air workers from June 15 to September 15, 2024. The Ministry of HR and Emiratisation has also released a list of exemptions and worker amenities to be provided in such scenarios.

Economic Substance Regulations in the UAE 2024: Key Insights and Deadlines

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The UAE’s Economic Substance Regulations require entities engaged in specified activities to submit annual notifications and reports. We discuss the compliance requirements and deadlines for 2024.

QIA Reported to Acquire 10 percent Stake in China Asset Management Co

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The QIA-China AMC deal comes amid Gulf investors actively seeking investment opportunities while their Western counterparts scale back their exposure in the Chinese market.

Choosing Dubai as Your Investment Base and Setting Up in the IFZA

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Dubai’s IFZA is a dynamic international free zone community that leverages the UAE’s strategic location and world-class infrastructure.

UAE and Qatar Sign Double Taxation Avoidance Agreement, Boost Economic Cooperation

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The UAE and Qatar are set to fully restore diplomatic ties and have signed a landmark double taxation agreement.

Corporate Establishment in the UAE Mainland – A Guide for Foreign Investors

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Setting up a business in the UAE mainland offers numerous opportunities for investors. We discuss key steps and approvals required.

Setting Up a Free Zone Establishment (FZE) in Jafza: A Guide

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With no foreign ownership restrictions, Jebel Ali Free Zone (Jafza) in Dubai appeals to international investors in the region.

UAE Federal Decree No. 32 of 2021 on Commercial Companies: Key Provisions

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The UAE’s New Companies Law (Federal Decree 32/2021), in effect since January 2022, introduced significant reforms geared towards enhancing the business environment and enticing foreign investment. We note key provisions.

How to Obtain a Virtual License to Set Up a Business in Dubai and Abu Dhabi

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Obtaining a virtual license to operate a business in Abu Dhabi and Dubai provides entrepreneurs access to dynamic business opportunities in these markets at reduced costs.

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