TOP STORIES THIS WEEK:

Saudi Arabia Expands Saudization Requirements in Key Professions: 2025 Compliance

Saudi Arabia’s Ministry of Human Resources and Social Development (MHRSD) has introduced new Saudization requirements, to be in phases across 2025, to enhance local employment across 269 professions. Companies should note the increased Saudization rates to maintain labor compliance. Government support programs will aid companies in recruiting and training Saudi nationals for affected roles.

GCC Ports: Key Pillars of Global Trade and Maritime Connectivity

GCC ports are among the world's most efficient, with 10 featured in the top 70 globally in 2024, according to a study of 405 ports by GCC-Stat.

Chinese Investment in the Khalifa Economic Zone Abu Dhabi (KEZAD)

Chinese investment in the Khalifa Economic Zone Abu Dhabi (KEZAD) has been significant under the Belt and Road Initiative (BRI). Promoted industries in KEZAD include equipment manufacturing, fine chemical engineering, renewables, and metal processing, and support Abu Dhabi’s economic diversification on the one hand, while facilitating the international growth of Chinese companies on the other.

Kenya Partners with UAE to Extend Standard Gauge Railway, Boost Regional Connectivity

A feasibility study for the railway extension has been agreed upon as part of the partnership between Kenya and the UAE. This study will pave the way for improved regional connectivity and economic integration, benefiting not only Kenya but also Uganda and South Sudan.

Egypt-UAE: PM Madbouly Meets Emirati Ministers to Review Strategic Projects

A focal point of the UAE-Egypt discussions was the Ras El-Hekma project, a high-profile strategic development zone located on Egypt’s northwestern coast. The long-term investments in Ras El-Hekma are projected to reach a staggering US$110 billion by 2045, positioning it as a key component of Egypt’s economic future.

COMPLIMENTARY BUSINESS RESOURCES:

Halal Markets Unveiled: Opportunities in Southeast Asia’s Economic Powerhouses

This latest issue of ASEAN Briefing magazine provides a detailed exploration of these opportunities in the Halal industry. Through country-specific analysis, regulatory insights, and actionable strategies, we examine the unique contributions of Indonesia, Malaysia, and Thailand.

Guide to Accounting and Audit in China 2025

This guide aims to walk foreign businesses through the annual audit and compliance process from start to finish, in addition to introducing China’s accounting framework in a comparative context.

An Introduction to Doing Business in Vietnam 2025

This 2025 edition of An Introduction to Doing Business in Vietnam offers essential insights for companies aiming to establish or expand their business presence in this rapidly evolving market. The guide provides an updated overview of market entry requirements, intellectual property considerations, taxation policies, and HR & payroll regulations.

UPCOMING EVENTS FOR ASIA:

Decoding India's Union Budget 2025-26: What’s in it for Businesses?

Webinar | Wednesday, February 12, 2025 | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China 

Strategic Manufacturing and Supply Chain Insights in Asia: Trends and Opportunities in 2025

Webinar | Thursday, February 13, 2024 | 3:00 PM JKT / 4:00 PM China / 9:00 AM CET

Diversifying and Maximizing ASEAN Opportunities in Trade and Investment Agreements [Partner Event by National University Singapore]

Seminar | Tuesday, February 18, 2025 | 9:00 AM - 5:00 PM Singapore time