Other Briefings
UAE Clarifies Free Zone Commodity Traders, IP, and Related Party Services Tax Exposure
The much sought after zero per cent tax opportunity has been further clarified and expanded A new cabinet decision and a corresponding ministerial decision – repealing earlier decisions – has been issued with retrospective effect from June 1, 2023, introducing some new concepts and clarifying several pertinent issues.
Production of Russia’s Luxury Aurus Car Begins in UAE
Russia has started to assemble the domestic luxury car brand Aurus in the United Arab Emirates, Russia’s Deputy Prime Minister Denis Manturov has announced. The brands Aurus Senat will be the first Russian vehicle to be assembled in the Emirates, and will later be joined by the Aurus Komendant SUV. According to Russia’s Panavto car […]
Applying For A UAE Green Visa: A Step by Step Guide
New visa category offers 5 year residency status for entrepreneurs and skilled workers and their families The UAE government has introduced a variety of new entry visas and residence permits as well as expanded the categories of Golden Visas. One of these is the UAE green visa. The UAE’s Green visa is a type of […]
Syria and Russia: The 2023-24 Trade and Investment Dynamics
By Michael Barantschik As we move through 2023 and into 2024, the trade and investment dynamics between Russia and Syria are witnessing a substantial shift. Russia, facing persistent Western sanctions, is pivoting towards strengthening its trade relationships within the Middle East, with Syria emerging as a key partner. For Syria, embattled by years of conflict […]
The Gulf Cooperation Council Approves Unified Gulf Visa
Jassim Mohammed Al Budaiwi, the Secretary General of the Cooperation Council for the Arab States of the Gulf, (GCC) has announced that the organisation has approved the issuance of a unified GCC visa.
UAE-Iran 2023/24 Bilateral Trade, Status, and Prospects
By Farzad Ramezani Bonesh Background After independence and the formation of the United Arab Emirates in 1971, Iran and the UAE have experienced political ups and downs and have reduced or expanded their diplomatic and political relations several times.
Egypt To Launch Sharia-Compliant Stock Index
A new Sharia-compliant index is expected to be launched on the Egyptian Exchange (EGX) within the first half of next year, EGX chairman Ahmed El Sheikh has stated.
Dubai Announces US$67.1 Billion Budget for 2024-2026
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the fiscal cycle of 2024-2026, with total expenditures of AED246.6 billion (US$67.1 billion).
Saudi Arabia Starts 12 Month, Multi Entry E-Visa Service
Muhammad Aba Hussein, the Undersecretary of the Saudi Ministry of Investment for Integrated Investor Services, has announced that potential foreign investors and employees of foreign companies can apply for an electronic visit visa through the platform affiliated with the Ministry of Investment, named “Invest in Saudi Arabia”.
UAE Issues New Rules On Tax Payment Concerning Intellectual Property Income
The UAE has announced new rules on payment of tax in the country, clarifying the amount of tax payable on intellectual property, as well as a tax exemption on income earned trading selected items on registered stock exchanges.
