Disruptions affecting the Strait of Hormuz are increasing pressure on global shipping routes, raising force majeure concerns and creating new challenges for energy and logistics supply chains. Businesses involved in Gulf trade should reassess contracts, insurance coverage, and contingency planning to manage force majeure risks and supply chain disruption.
The UAE has officially launched Phase 1 of its Research and Development (R&D) Tax Incentives Program, introducing a non-refundable corporate tax credit of up to 50 percent on qualifying R&D expenditure capped at AED 5 million per tax period.
Oman's sustainable tourism industry is becoming a core investment sector under Vision 2040, with growth driven by eco-tourism, heritage assets, and selective hospitality projects rather than mass-market development.
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Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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