| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | The UAE implemented VAT in 2018 with a standard rate of 5 percent, applied at each stage of the supply chain. Businesses must adhere to compliance regulations, and failure to do so can result in significant penalties. | | | | | Chinese Premier Li Qiang’s recent visits to Saudi Arabia and the UAE have marked a significant step towards strengthening economic cooperation with two of the Gulf region’s wealthiest nations. The visits focused on expanding collaboration in traditional sectors like oil and gas, while forging new ties in critical emerging industries, including new energy, electric vehicles (EVs), and digital economy initiatives. | | | | | The Middle East, driven by growing sustainability efforts and strategic investments, presents a crucial market for Chinese EVs, with key opportunities and challenges as the region aims to boost EV adoption and infrastructure. This is also acquiring importance as Chinese EVs face higher tariffs in key Western markets. | | | | | The US$5 billion investment marks a significant milestone in Saudi-Egyptian relations, with both countries working to finalize an agreement on joint investment protection. | | | | | Italian energy contractor Saipem continues to strengthen its position in the Middle East with the recent award of significant offshore engineering, procurement, and construction (EPC) contracts in both Qatar and Saudi Arabia. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. | | | | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. | | | | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Tuesday, September 24, 2024 | 4:00 PM Vietnam / 5:00 PM Singapore / 10:00 AM CET | | | | | Webinar | Tuesday, September 24, 2024 | 11:00 AM Jakarta / 2:00 PM AEST | | | | | Webinar | Wednesday, September 25, 2024, | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China |
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