Other Briefings
Bahrain Permits Family Office Business Licences
Bahrain’s Central Bank has issued new regulations that expand the scope of family offices in the country. A new category of investment licenses has been introduced, to provide regulated investment and wealth management services to family offices coming under the Central Bank of Bahrain’s supervision.
Abraham Accords Celebrate Third Anniversary
The Abraham Accords, signed on the US Presidential White House lawn on September 2020, was a landmark moment, normalising diplomatic relations between Israel and the UAE and Bahrain, with Morocco and Sudan following suit. The agreements have bolstered stronger ties between the nations, offering all parties advantages in areas of economic cooperation, cultural exchanges, and […]
Saudi Arabia To Establish Investment Office In India
Saudi Arabia’s Investment Minister Khalid Al-Falih has announced that the government is looking into setting up an investment office in India. He was speaking at the India-Saudi Investment Forum in New Delhi, saying “I will commit today that we will open an office in India for investment facilitation.”
UAE Directives On Maintaining Audited Financial Statements
With the UAE going through a transition from a no tax to a low tax jurisdiction, businesses based in the country now need to prepare additional annual reports to justify their business performance. In this article we discuss the need for preparing financial statements and explain the Government’s position – and business owners responsibilities.
Saudi Arabia and BRICS: The Consequences of Joining, Multilateral Trade and Prospects
By Farzad Ramezani Bonesh with additional commentary by Chris Devonshire-Ellis Saudi Arabia’s Membership Process in BRICS “BRICS Plus” was created in 2017 and provided an opportunity for the multi-dimensional presence of Saudi Arabia in BRICS mechanisms. After the beginning of some changes in foreign policy, Riyadh participated in meetings and summits of the bloc. Over […]
The UAE At The G20 Summit
UAE joins the Global Biofuels Alliance Amongst regional Middle East transportation cooperation The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has attended the G20 summit in New Delhi, stating that he engaged in “constructive talks”.
Dubai DIFC Updates Data Protection Laws
The Dubai International Financial Centre (DIFC) has enacted amendments to the current framework of Data Protection Regulations. Regulation 10 is the first enacted regulations in the MEASA region on the processing of personal data via autonomous and semi-autonomous systems such as artificial intelligence (AI) or generative, machine learning technology.
Impact Of New BRICS Members In The Middle East
The entry of oil producers Saudi Arabia, the UAE, and Iran, along with Egypt, Argentina, and Ethiopia, to BRICS is expected to bring limited near-term economic boost for member countries, according to a report issued by S&P Global Ratings.
UAE Introduces Regulatory Body For The Gaming and Casino Industries
The UAE has created a federal authority to introduce a world-leading regulatory framework for national lottery and commercial gaming. The General Commercial Gaming Regulatory Authority (GCGRA), will create a socially responsible and well-regulated gaming environment while ensuring that all participants adhere to strict guidelines and comply with the highest standards.
Applying For Small-Medium Business Tax Relief In The UAE
With new SMEs flocking to the UAE to take advantage of the opportunities within the UAE and the Middle East region, in conjunction with ushering in a new tax regime, the UAE government have also provided guidance on Small Business Relief (SBR) to help entrepreneurs and smaller foreign investors quickly find their operational feet. We […]
