Other Briefings
China’s Multilateral Trade With Saudi Arabia, 2023/24 Status and Prospects
By Farzad Ramezani Bonesh Trade relations between China and the Arab countries go ack at least 1,500 years, when Chinese goods came to the Arabian Peninsula and Arab goods were transported to East Asia. China and Saudi Arabia established diplomatic relations in July 1990, with bilateral relations developing comprehensively over the past few decades. In […]
UAE Plans To Double GDP To Over US$800 Billion By 2030
Plus the latest on UAE-Turkiye economic engagement following Erdogan’s visit The United Arab Emirates is looking to accelerate economic growth over the coming six-seven years as it seeks to double its gross domestic product to over US$800 billion by the end of the decade.
How The UAE-India Currency Deal Will Help Bilateral Trade & Investment
The recent agreement between the UAE and India to allow businesses in the two countries to invoice and pay for goods and services in the Indian rupee (INR) and the UAE dirham (AED) – will have a significant impact on the trade and manufacturing sectors in both countries.
Qualifying “Adequate Substance” Now Key To Attaining UAE Free Zone Zero Per Cent Corporate Tax Rates
Discussions on qualifying for the 0 per cent tax rate for UAE free zone companies has focused on qualifying income (QI), qualifying activities (QAs), excluded activities and de-minimis rules. However, attention on maintaining ‘adequate substance’ has also become a key technical issue. In this article we explain what this is and how to achieve it.
Turkiye’s Erdogan Goes On Middle Eastern Investment Raising Tour
Saudi drone exports deal biggest ever in Turkiye’s defense industry Turkish President Recep Tayyip Erdogan is currently half way through a three-day tour to the Persian Gulf countries, which is expected to result in the signing of investment agreements worth more than US$50 billion. About 200 Turkish businessmen will accompany him on the trip.
Consolidating Your UAE Businesses Into ‘Tax Groups’
There can be operational cost benefits for larger businesses with subsidiaries in the UAE by restructuring the corporate entity. As the UAE tax authorities provide more updates on the new corporate tax regime, the next set of updates will focus on the formation of ‘Tax Groups’.
Bilateral Trade and Investment Between Saudi Arabia & India, 2023/24 Situation and Prospects
By Farzad Ramezani Bonesh Introduction After the independence of India in 1947, diplomatic relations between New Delhi and Riyadh were established. Although the relations were not close until the early 1990s, various causes strengthened the motivations in relationships. King Abdullah bin Abdulaziz Al Saud’s visit to India in January 2006 was a milestone in increasing […]
Russia Upsets Iran Over UAE Persian Gulf Islands Stance
Tehran has summoned Russia’s ambassador to complain over a Moscow-endorsed statement on three Gulf islands disputed by Iran and the United Arab Emirates.
UAE Free Zone Companies: Updated Zero Percent Tax Clarifications
Foreign investors operating in the UAE Free Zone must take immediate notice of the updated frequently asked questions (FAQs) issued by the Ministry of Finance. Over 50 new Q&A have been added/updated on the free zone tax regime pursuant to the announcement made during the awareness sessions held last month. We highlight many of these […]
UAE Expands ‘Emiratisation’ Employment Plan: Foreign Investors Take Note
The UAE Ministry of Human Resources and Emiratisation has announced a significant expansion of its Emiratisation programme for the private sector. The new plan now includes companies and individual establishments employing between 20 to 49 workers, focusing on 14 specific main economic activities.
