Middle East Briefing News

SAIC Motor’s US$135 Million Deal in Egypt: A Strategic Move Amid Global Trends

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Chinese state-owned SAIC Motor Corp. Ltd. has partnered with Egypt’s Mansour Group in a US$135 million deal to set up an automotive plant in New October City, Egypt.

Saudi Arabia’s Green Financing Framework and How it Works

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The Green Financing Framework aims to mobilize financial resources to fund green projects and contribute to Saudi Arabia’s commitment to achieving net-zero emissions by 2060.

Navigating Arbitration Procedures in the UAE

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The UAE’s arbitration framework, aligned with the UNCITRAL Model Law, provides an efficient and flexible mechanism for resolving domestic and cross-border disputes.

Qatar’s Construction Sector to Surpass US$68 Billion by 2025 Amid Rapid Economic Growth

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Qatar’s construction sector is poised for rapid growth, with market size projected to exceed US$68 billion by 2025, driven by ambitious infrastructure projects and government investments.

Oman Launches Three Digital Services to Streamline Business Operations

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The three new digital services launched on the Oman Business Platform are the Rental Contracts Service, the Financial Reports Service, and the Interactive Guide for Trade Names.

Corporate Tax in Kuwait: New 15% Tax Law to Impact 350 Foreign Firms

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Kuwait’s new 15 percent corporate tax law is in effect from tax periods beginning on or after January 1, 2025. Read to understand how multinational entities operating in the country will be impacted.

Kuwait Investment Outlook 2025: Navigating Challenges and Opportunities

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By Giorgia Sgueglia Kuwait’s economic trajectory is set for transformation, guided by the government’s Vision 2035 initiative, which aims to position the country as a financial and trade hub both regionally and internationally. This ambitious vision underscores the nation’s commitment to economic diversification, infrastructure development, and private-sector growth. Vision 2035, also known as “New Kuwait,” […]

2025 Outlook: Expanding UAE CEPA Network to Drive Economic Growth

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The UAE will continue to expand its global trade network through CEPA deals in 2025 as it chases a US$1-trillion target for non-oil trade by 2031.

Bahrain Publishes Supplementary Regulations for Domestic Minimum Top-Up Tax (DMTT)

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Bahrain has officially released a Domestic Minimum Top-Up Tax (DMTT) regulation, complementing its primary DMTT law released in September 2024. With the registration deadline (January 30, 2025) looming, swift action is necessary to avoid penalties.

Ajman’s 2025 Budget and Business Opportunities: Driving Sustainable Growth

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Ajman’s 2025 budget of AED3.7 billion (US$964.65 million) focuses on community development, public safety, economic growth, and sustainability, positioning the emirate as a thriving investment hub.

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