Saudi Arabia and Egypt Sign Visa Exemption Agreement for Official Passport Holders

Economy & Trade Mar 26
Saudi Arabia and Egypt have signed a reciprocal visa exemption agreement for holders of diplomatic, special, and service passports to facilitate official travel and strengthen bilateral coordination. The move reflects broader efforts by both countries to deepen political cooperation while expanding trade and investment ties, which have continued to grow through 2025.
Industries

Saudi Arabia’s Renewable Energy Investment Surge: Implications for Businesses in the Middle East

Mar 25

Saudi Arabia’s US$34 billion investment in renewable energy in 2025 marks its entry into the global top ten and signals a rapid shift toward diversifying its energy mix under Vision 2030. This expansion is creating new opportunities across infrastructure, manufacturing, and energy-intensive industries, while reshaping the competitive landscape of the Middle East energy market.

Economy & Trade

Strait of Hormuz Disruption: Managing Force Majeure and Supply Chain Risks

Mar 24

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.

Tax & Accounting

UAE Launches Up to 50% R&D Tax Credit for Businesses

Mar 24

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.

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