Turikye’s Ecommerce Sector Grew 100% In 2022
Significant opportunities in EU’s gateway to the Middle East Türkiye’s buoyant e-commerce sector registered a growth of more than 100% in 2022, hitting a volume of a staggering TL 800 billion (around US$29.8 billion), according to an industry report prepared by iyzico, ETİD and Dogma Alares. It showed e-commerce transactions soared to nearly 4.8 billion […]
Dubai Chamber Establishes Joint Serbian Business Council
Bilateral Serbia-Dubai Trade Up 42% In 12 Months The Dubai Chamber of Commerce, increasingly active in Eastern Europe, has opened a second Business Council following last week’s announcement it had established one in Romania.
Significant Growth In Turkiye – UAE Growth Anticipated: UAE Ambassador
Bilateral CEPA comes into effect September 1st and will boost trade and manufacturing. The upcoming five years will see substantial growth in trade and new projects between the United Arab Emirates (UAE) and Türkiye, UAE Ambassador to Ankara Saeed Thani Hareb Al Dhaheri has said on Wednesday (August 2).
Foreign Investors In the UAE: Non-Compliance Tax Rules – Compliance and Non-Compliance Penalties
With the UAE Ministry of Finance setting the penalty structure for non-compliance on corporate tax, all UAE businesses, including foreign investors, have a nine-month window to make sure that all their submissions are in order.
Bilateral Trade Between Pakistan and Saudi Arabia, Status and Prospects
An expanded CPEC could fast track Saudi-Pakistan development By Farzad Ramezani Bonesh Introduction The relations between Saudi Arabia and Pakistan go back to the 1940s and before the independence of Pakistan. Pakistan has had close relations with Saudi Arabia since its independence in 1947. Relationships are rooted in religious, cultural, and commercial links and common […]
Starting A Business In The UAE? Points To Consider
The UAE and Middle Eastern are booming and attracting huge volumes of new businesses wanting to set up in the region. However, this has coincided this year with significant changes in the UAE corporate tax regime, which came into effect from June 1st this year. This is a landmark move that has marked a departure […]
Dubai Chamber Establishes Joint Romanian Business Council
The Dubai Chamber of Commerce has taken a significant step in strengthening economic relations between Dubai and Romania with the establishment of the Romanian Business Council. The recently launched business council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai, as well as support Dubai’s presence in Europe and attract new […]
Dubai Chamber Of Commerce Opens Office In Ho Chi Minh City
The Dubai International Chamber has opened a representative office in Vietnam to explore opportunities for trade and investment. The new Ho Chi Minh City office is its third in Southeast Asia after Indonesia and Singapore.
Gulf and Central Asian Countries Hold First CA+GCC Heads Of State Summit
Summit will redefine regional dynamics, strengthen ties in trade, economy, culture, and streamline investment projects. By Chris Devonshire-Ellis Saudi Arabia has been hosting the first summit of the Central Asia + Cooperation Council for the Arab States of the Persian Gulf (GCC) in Jeddah. This new format of interregional cooperation, labelled the CA+GCC, has been […]
China’s Total Middle East and Africa Trade Up To US$1.63 Trillion
Sarmad Lone, the Regional Head of client coverage, corporate, and commercial and institutional banking in Africa, the Middle East and Pakistan at Standard Chartered has said that China’s trade and investment links with Africa and the Middle East have become deeper and increasing mature, with Chinese enterprises active in all sorts of sectors, ushering in […]