Other Briefings
LuLu’s Landmark IPO Set to Reshape the GCC Retail Market
LuLu Group International is preparing for one of the UAE’s largest IPOs of 2024, offering a 25 percent stake to raise US$1.7–US$1.8 billion, valuing the company at US$6.5–US$7 billion.
UAE Amendments to Economic Substance Regulations: Impact on Businesses
The UAE Ministry of Finance announced amendments to the Economic Substance Regulations (ESR) through Cabinet Resolution No. (98) of 2024, published on September 16, 2024. A key change limits the ESR’s application to accounting periods from January 1, 2019, to December 31, 2022.
Saudi Arabia and Italy Strengthen Business and Industrial Ties Amid High-Level Visit
Saudi Arabia and Italy are boosting economic ties after the Saudi Industry Minister’s visit to Italy, focusing on manufacturing, mining, and renewable energy collaboration to advance Saudi Arabia’s Vision 2030 diversification goals.
Saudi Arabia Expands E-Invoicing Regime to Cover More Businesses in 2025: Key Details
More businesses will be subject to e-invoicing compliance in Saudi Arabia by 2025 as the 15th and 16th waves of integration get implemented by March 1 and April 1, respectively. We discuss the criteria of applicability and how businesses can prepare.
UAE Amends VAT Executive Regulations, Effective November 15
The UAE has made substantial changes to its Value Added Tax (VAT) Executive Regulations, effective from November 15, 2024, carrying implications for businesses across various sectors, especially trade and financial services.
UAE to Address India’s Concerns Over Increased Silver, Platinum Alloy, and Dry Date Imports Under CEPA
The United Arab Emirates (UAE) has agreed to address India’s concerns over a significant rise in imports of silver products, platinum alloy, and dry dates, taking advantage of lower tariffs under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Saudi Arabia’s Pension Reforms Boost Mercer Global Pension Index Ranking
Saudi Arabia’s Global Pension Index score rose to 60.5 in 2024, reflecting its pension reforms and leading to an upgrade of its pension system rating to C+ from C.
Saudi Arabia-Germany Trade and Investment Relations: Key Opportunities for German Businesses
With Germany as Saudi Arabia’s fourth-largest supplier of goods, both nations have expanded cooperation in sectors such as renewable energy, healthcare, and advanced industries.
How to Get a Driving License in Saudi Arabia for Expats
For expatriates, this guide outlines everything you need to know about obtaining a driving license in Saudi Arabia, driving regulations, and vehicle ownership.
Saudi Arabia Holidays and Key Dates for 2025: A Guide for HR and Businesses
Effective planning around public holidays is essential for businesses in Saudi Arabia in 2025 to maintain operational efficiency and ensure employee satisfaction.
