| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | Saudi Arabia offers a tax-friendly environment with no personal income tax, inheritance tax, or wealth tax for individuals. Key taxes applicable to individuals include VAT, social insurance contributions, and Zakat, while various wealth management structures, including trusts and investment companies, offer tax advantages. | | | | | Businesses operating in Saudi Arabia’s technology and data sectors must navigate an increasingly complex legal landscape to ensure compliance and seize emerging opportunities. We list some of the more recent developments shaping the regulation of Saudi Arabia’s technology and data economy. | | | | | The 15 percent Domestic Minimum Top-Up Tax (DMTT) will apply to multinational enterprises (MNEs) operating in the UAE, which have annual revenues exceeding EUR 750 million for at least two of the past four fiscal years. This means that both foreign MNEs with UAE-based subsidiaries and UAE-based MNEs operating globally will be subject to this tax. | | | | | The Abu Dhabi Investment Office (ADIO) has signed landmark agreements with Fosun International Limited, Wind Information, and Hejun Group to bolster economic collaboration and facilitate investment between Abu Dhabi and China. These agreements reinforce Abu Dhabi’s position as a global investment hub and gateway to the Middle East for Chinese enterprises. | | | | | Private equity (PE) activity in MENA reached US$27.6 billion (2020–2024), with a 14 percent CAGR, per MAGNiTT’s ‘MENA PE 5-Year Report.’ The UAE led deals during 2020–2022, while Saudi Arabia dominated in 2023 with 41 percent of transactions. Egypt also emerged as a key player, accounting for 9 percent of deal volume and US$2.5 billion in transactions over the 5-year period. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | The India-Singapore partnership is entering a new era of economic collaboration. In this edition of India Briefing magazine, we explore India-Singapore ties in renewable energy, semiconductors, urban planning, and ESG governance. The publication is available for free download. | | | | | 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. | | |  |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Wednesday, March 5, 2025 | 4:30 PM China / 9:30 AM CET | | | | | Webinar | Wednesday, March 12, 2025 | 4:00 PM China / 9:00 AM CET / 8:00 AM UK | | | | | Webinar | Thursday, March 20, 2025 | 4:00 PM AEDT / 3:00 PM AEST/ 1:00 PM China |
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