Other Briefings
Kazakhstan Eyes UAE As Agricultural Export Market
Kazakhstan is interested in exporting agriculture production to the United Arab Emirates, Kassym-Jomart Tokayev, President of Kazakhstan has stated. Speaking at the Kazakhstan-UAE Investment Roundtable, President Tokayev said that cooperation in this field has the potential to lead to mutually beneficial results for both nations.
UAE, South Korea Sign 23 Bilateral Trade Agreements
The UAE and South Korea have signed 23 trade and investment agreements to bring businesses in the two countries closer together and mutually benefit from each other’s expertise.
Emirates Airlines Increases Frequency Of China Routes
Emirates has increased the number of flights it operates to China, coinciding with the Chinese New Year. The Dubai-based airline is increasing connectivity to three major cities – Shanghai, Beijing and Guangzhou – in response to intense travel demand after China reopened its borders on January 8 to tourists following three years of COVID-19 related […]
Turkiye’s 2022 Central Asian Trade Reaches Over US$12 Billion
Türkiye’s foreign trade turnover with Central Asian countries reached US$11.3 billion from January through November 2022, according to the Turkish Statistical Institute. This implies an overall 2022 Turkiye-Central Asian trade turnover of about US$12.33 billion.
Arabic Stock Exchanges Reach Record Highs
The market cap of Arab stock exchanges exceeded US$4 trillion by the end of 2022, according to the Arab Monetary Fund (AMF).
Dubai’s DMCC Free Trade Zone Attracts Over 3,000 New Investors in 2022
Dubai’s DMBB Free Trade Zone signed 3,049 new investing companies in 2022, taking the total of businesses invested by the free zone to 22,000. Among the newly licensed are crypto and blockchain focussed businesses, which means the DMCC’s Crypto Centre alone has more than 500 clients. Dubai is attractive to such businesses due to its […]
Saudi Arabia To Be World’s Fastest-Growing Major Economy in 2023
Saudi Arabia is poised to jump ahead of India as the fastest-growing major economy in 2023, as India’s growth takes a hit from weakening demand at home and abroad. India’s GDP will grow 7% in the 2023-24 fiscal year ending in March 2024, according to the first official estimate released by the National Statistics Ministry […]
UAE-Russia Non-Energy Bilateral Trade Up 57%
The non-oil trade between the United Arab Emirates (UAE) and Russia increased by 57% during the first nine months of 2022, according to the UAE Minister of State for Foreign Trade, Thani bin Ahmed Al-Zeyoudi. He stated on Wednesday (January 4) that non-oil foreign trade between Abu Dhabi and Moscow reached 20.2 billion dirhams (US$5.5 […]
Dubai Cancels 30% Alcohol Tax
The Dubai Emirate has ended a 30% tax on alcoholic drinks while making obligatory liquor licenses free to obtain. The initiative is apparently aimed at boosting tourism. However, a 5% VAT rate still applies.
Dubai And UAE Foreign Investors Must Prepare For New Tax Rules Effective June 1st
Foreign investors in the UAE must start preparations to be in compliance with the new tax reporting regime. The United Arab Emirates has announced Federal Law No. 47 of 2022 on the taxation of companies. Under the new regime, UAE registered businesses become subject to corporate tax in their first financial year that starts on […]
