Other Briefings
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
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.
Delays Anticipated to Oman-India FTA Over Duty Concessions on Petrochem Products
Customs duty concessions on petrochemical products, utilized heavily in the plastics industry, are raising concerns among Indian stakeholders.
Saudi Arabia Upgrades Digital Platforms for Visa Applications
Saudi Arabia continues to modernize its visa application process to promote ease of access, boost tourism and business travel, and enhance transparency with regards to labor management.
