Egypt’s Tourism and Real Estate Prospects: Recent Trends and Outlook
Projects such as the "South Med" initiative and the development of New Alamein City exemplify Egypt's commitment to positioning itself as a premier global destination for tourists and investors alike....
View ArticleOman Labor Authority Prohibits Expat Hiring in 30 Professions, Details Awaited
The Ministry of Labor (MoL) has announced that 30 new professions will be reserved exclusively for Omanis. However, details are awaited before the regulation comes into effect in September. The post...
View ArticleRed Sea Security Concerns Hit Suez Canal Earnings
Suez Canal earnings fell nearly 25 percent from July 2023 to June 2024 as shipping companies chose alternative routes to avoid Houthi attacks in the Red Sea. The post Red Sea Security Concerns Hit Suez...
View ArticleIntellectual Property Regulations in the UAE
For business owners and entrepreneurs in the UAE, understanding the country's intellectual property rights regime is essential for protecting their creations and business secrets, thereby securing...
View ArticleGCC and Turkey Launch Free Trade Agreement Negotiations in Ankara
Turkey and the GCC countries seek to boost inter-regional economic ties, potentially creating one of the world's largest FTAs with a US$2.4 trillion trade opportunity. The post GCC and Turkey Launch...
View ArticleUAE FTA Network: Key Agreements in Place, Under Negotiation
The United Arab Emirates (UAE) has a comprehensive free trade agreement (FTA) framework that includes both bilateral and multilateral agreements. The post UAE FTA Network: Key Agreements in Place,...
View ArticleRevolutionizing GCC Logistics: Impact of the Proposed Kuwait-Saudi Railway
As the GCC continues to invest in infrastructure and modernize its logistics networks, the Kuwait-Saudi Railway will play a central role in shaping the future of freight transport in the region. The...
View ArticleGulf Nations Invest in AI Capabilities
GCC countries are making impressive strides in artificial intelligence (AI) development, with Qatar leading the charge in terms of investment. The post Gulf Nations Invest in AI Capabilities appeared...
View ArticleEgypt’s Fiscal Performance in the 2023-24 Financial Year
While Egypt's fiscal performance in 2023-24 shows significant achievements, ongoing economic reforms are essential for sustainable growth. The post Egypt’s Fiscal Performance in the 2023-24 Financial...
View ArticleAccepted Transfer Pricing Methods in the UAE: Guidelines from the Federal Tax...
We discuss the main transfer pricing methods accepted by the UAE government under the Corporate Tax Law and aligned with OECD guidance. The post Accepted Transfer Pricing Methods in the UAE: Guidelines...
View ArticleAbu Dhabi’s Office Space: Addressing the Demand for Grade A Assets
Abu Dhabi is experiencing a significant increase in demand for office space, driven by a growing private sector, rising business confidence, and an influx of foreign direct investment (FDI). The post...
View ArticleSaudi Arabia Tourism Soars in 2023: Key Insights
Tourism in Saudi Arabia surged to unprecedented levels in 2023, with the country recording over 100 million overnight visitors across the year. The post Saudi Arabia Tourism Soars in 2023: Key Insights...
View ArticleAn Overview of the UAE’s Double Tax Avoidance Agreement (DTA) Treaty Network
Using the example of the UAE-UK DTA, we discuss how the UAE's double tax treaty framework provides tax certainty and prevents double taxation of income. The post An Overview of the UAE’s Double Tax...
View ArticleSaudi Arabia and UAE Drive M&A Activity to US$10 Billion in H1 2024,...
In the first half of 2024, MENA M&A activity surged to US$49.2 billion, with Saudi Arabia and the UAE leading with US$10 billion in deals, driven by strategic investments from sovereign wealth...
View ArticleChina and UAE Strengthen Economic Ties with Landmark Intellectual Property...
On May 30, 2024, China's CNIPA and the UAE Ministry of Economy signed an MoU to enhance cooperation in the field of intellectual property. The post China and UAE Strengthen Economic Ties with Landmark...
View ArticleIndia Pushes for Rupee-Dirham Trade Settlement to Reduce Dollar Dependence
India’s central bank has encouraged banks involved in transactions with the UAE to settle a portion of their trade payments directly in Indian rupees and Emirati dirhams. The post India Pushes for...
View ArticleSaudi Arabia’s PIF Eyes New Cargo Airline to Strengthen Logistics Hub Ambitions
In a strategic move to position Saudi Arabia as a global logistics powerhouse, the Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, is reportedly exploring the creation of a new cargo...
View ArticleThe UK’s New Trade Priorities and Investment Prospects in the Middle East
Under Prime Minister Keir Starmer and Business and Trade Secretary Jonathan Reynolds, the Labour government aims to make the UK the fastest-growing economy in the G20, with a strategic focus on...
View ArticleEgypt Announces 30 GW Renewable Energy Expansion
Egypt aims to diversify its energy mix, reduce fuel costs, and meet the country's goal of 42 percent renewable energy by 2035. The post Egypt Announces 30 GW Renewable Energy Expansion appeared first...
View ArticleBank of Singapore to Expand Middle East Presence, Targets 5-Year Growth Plan
The Bank of Singapore is evaluating the potential of making Dubai one of its booking centers in the future, complementing its existing centers in Singapore and Hong Kong. The post Bank of Singapore to...
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