Egypt’s Economy Shows Signs of Recovery Amid IMF Support and Reforms
We discuss recent developments in the Egypt economy per the latest IMF report, highlighting progress, challenges, and ongoing reform efforts. The post Egypt’s Economy Shows Signs of Recovery Amid IMF...
View ArticleSaudi Arabia’s Trade Surplus Reaches US$26.13 Billion in Q2 2024, Setting a...
Saudi Arabia's international trade in Q2 2024 totaled SAR 490.657 billion, with merchandise exports leading the way at SAR 294.51 billion. The post Saudi Arabia’s Trade Surplus Reaches US$26.13 Billion...
View ArticleUAE’s Non-Oil Foreign Trade Soars to Record US$381 Billion in H1 2024
The UAE has achieved a historic milestone in its non-oil foreign trade, reaching a record AED 1.4 trillion (US$381.17 billion) in H1 2024. The post UAE’s Non-Oil Foreign Trade Soars to Record US$381...
View ArticleHow to Open a Bank Account in the UAE
We discuss the requirements to open a current bank account in the UAE, including specific eligibility criteria and documentation. The post How to Open a Bank Account in the UAE appeared first on Middle...
View ArticleSaudi Arabia Extends Expat Fee Waiver for the Industrial Sector to Boost Growth
Saudi Arabia has extended its expatriate fee waiver for industrial sector workers until December 31, 2025, building on the policy introduced in 2019. This extension aims to stimulate further growth and...
View ArticleShenzhen and Dubai Forge Stronger Financial Ties with New Cross-Border ETF...
The Shenzhen Stock Exchange and Dubai Financial Market recently signed an MoU to facilitate cross-border investing between China and the UAE. The post Shenzhen and Dubai Forge Stronger Financial Ties...
View ArticleWorking Capital Management in the Middle East: Trends and Strategies
Effective working capital management in the Middle East is critical for navigating economic pressures, with companies seeing varied success across different sizes and sectors. The post Working Capital...
View ArticleKhalifa Economic Zones Abu Dhabi (KEZAD) Announces Major Manufacturing and...
In light of major new manufacturing and renewable sector investments, we discuss the appeal of Abu Dhabi's KEZAD zones for business set up. The post Khalifa Economic Zones Abu Dhabi (KEZAD) Announces...
View ArticleResolving Tax Disputes in the UAE – A Brief Guide for Companies
Learn how companies in the UAE can effectively resolve tax disputes with the Federal Tax Authority and protect their financial interests through the proper legal channels. The post Resolving Tax...
View ArticleBahrain Introduces New Top-Up Tax for Multinational Firms
Bahrain announced a domestic minimum top-up tax for large multinational enterprises, effective January 1, 2025, aligning with OECD guidelines to promote fairness in international taxation. The post...
View ArticleUAE Unveils New Telemarketing Rules: What Businesses Need to Know
The UAE's new telemarketing regulations emphasize consumer protection and ethical business practices, requiring companies to adhere to strict guidelines and penalties to ensure transparency and respect...
View ArticleCarrefour Partners with Dubai’s Apparel Group to Make a Comeback in India...
French retail giant Carrefour has teamed up with Dubai-based Apparel Group to launch its operations in India by 2025. Founded in Dubai in 1996, the Apparel Group operates in both the retail clothing...
View ArticleA Comprehensive Guide to Abu Dhabi’s Economic Licenses
Abu Dhabi offers seven types of economic licenses, each designed to meet the diverse needs of businesses and individuals, encouraging growth across various sectors. The post A Comprehensive Guide to...
View ArticleItaly’s Saipem Expands Offshore Portfolio with Major Contracts in Qatar and...
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...
View ArticleSaudi Arabia’s US$5-Billion-Investment Pledge in Egypt: Strengthening...
Saudi Arabia has strengthened its economic ties with Egypt, as Crown Prince Mohammed bin Salman announced a US$5 billion investment by the Public Investment Fund (PIF) during a meeting with Egyptian...
View ArticleMiddle East Pivot for Chinese EV Firms: Dealmaking, Market Sales
The Middle East, driven by sustainability efforts and strategic investments, offers key opportunities and challenges for Chinese EVs as the region seeks to boost adoption and infrastructure. The post...
View ArticleChina Deepens Economic Cooperation with Saudi Arabia and UAE in New Energy...
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 post...
View ArticleVAT in the UAE: Registration, Rates, and Compliance
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...
View ArticleUAE Mandates Women on Boards of Private Joint-Stock Companies Starting 2025
From January 2025, private joint-stock companies in the UAE must allocate at least one seat on their boards of directors to women. The post UAE Mandates Women on Boards of Private Joint-Stock Companies...
View ArticleNavigating the Dip: Opportunities Amidst Declining Deal Activity in the...
The Middle East and Africa (MEA) region experienced a notable decline in deal activity, falling by 10.4 percent in the first eight months of 2024, as reported by GlobalData. The post Navigating the...
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