Other Briefings
Bank of Singapore to Expand Middle East Presence, Targets 5-Year Growth Plan
The Bank of Singapore is evaluating the potential of making Dubai one of its booking centers in the future, complementing its existing centers in Singapore and Hong Kong.
Egypt Announces 30 GW Renewable Energy Expansion
Egypt aims to diversify its energy mix, reduce fuel costs, and meet the country’s goal of 42 percent renewable energy by 2035.
The UK’s New Trade Priorities and Investment Prospects in the Middle East
Under Prime Minister Keir Starmer and Business and Trade Secretary Jonathan Reynolds, the Labour government aims to make the UK the fastest-growing economy in the G20, with a strategic focus on expanding trade abroad to drive domestic economic growth.
Saudi Arabia’s PIF Eyes New Cargo Airline to Strengthen Logistics Hub Ambitions
In a strategic move to position Saudi Arabia as a global logistics powerhouse, the Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, is reportedly exploring the creation of a new cargo airline.
India Pushes for Rupee-Dirham Trade Settlement to Reduce Dollar Dependence
India’s central bank has encouraged banks involved in transactions with the UAE to settle a portion of their trade payments directly in Indian rupees and Emirati dirhams.
China and UAE Strengthen Economic Ties with Landmark Intellectual Property Agreement
On May 30, 2024, China’s CNIPA and the UAE Ministry of Economy signed an MoU to enhance cooperation in the field of intellectual property.
Saudi Arabia and UAE Drive M&A Activity to US$10 Billion in H1 2024, Enhancing MENA’s Global Influence
In the first half of 2024, MENA M&A activity surged to US$49.2 billion, with Saudi Arabia and the UAE leading with US$10 billion in deals, driven by strategic investments from sovereign wealth funds and a rise in cross-border transactions.
An Overview of the UAE’s Double Tax Avoidance Agreement (DTA) Treaty Network
Using the example of the UAE-UK DTA, we discuss how the UAE’s double tax treaty framework provides tax certainty and prevents double taxation of income.
Saudi Arabia Tourism Soars in 2023: Key Insights
Tourism in Saudi Arabia surged to unprecedented levels in 2023, with the country recording over 100 million overnight visitors across the year.
Abu Dhabi’s Office Space: Addressing the Demand for Grade A Assets
Abu Dhabi is experiencing a significant increase in demand for office space, driven by a growing private sector, rising business confidence, and an influx of foreign direct investment (FDI).
