Other Briefings
Egypt Introduces Business-Friendly Tax Relief Measures to Boost Economic Growth
A key reform is the introduction of a simplified tax regime for businesses with an annual turnover of up to EGP 15 million. For international companies, the government has raised the threshold for the preparation and submission of transfer pricing studies to EGP 30 million.
GCC Central Banks Follow US Fed in Rate Cuts
Following the recent decision by the US Federal Reserve to lower its benchmark interest rate by 50 basis points, GCC central banks have implemented similar cuts.
Oman’s Strategic Move to Attract Foreign Investment: Exploring the New Opportunities
Oman, under the stewardship of Invest Oman, has unveiled a series of strategic investment opportunities worth over OMR 166 million (approx. US$430 million) in the manufacturing sector.
The UAE’s National In-Country Value (ICV) Program: A Comprehensive Guide to Certification and Registration
The UAE’s National In-Country Value (ICV) Program fosters local economic growth by encouraging investments, employment of Emiratis, and sourcing from domestic suppliers.
Navigating the Dip: Opportunities Amidst Declining Deal Activity in the Middle East and Africa
The Middle East and Africa (MEA) region experienced a notable decline in deal activity, falling by 10.4 percent in the first eight months of 2024, as reported by GlobalData.
UAE Mandates Women on Boards of Private Joint-Stock Companies Starting 2025
From January 2025, private joint-stock companies in the UAE must allocate at least one seat on their boards of directors to women.
VAT in the UAE: Registration, Rates, and Compliance
The UAE implemented VAT in 2018 with a standard rate of 5 percent, applied at each stage of the supply chain. Businesses must adhere to compliance regulations, and failure to do so can result in significant penalties.
China Deepens Economic Cooperation with Saudi Arabia and UAE in New Energy and Emerging Sectors
Chinese Premier Li Qiang’s recent visits to Saudi Arabia and the UAE have marked a significant step towards strengthening economic cooperation with two of the Gulf region’s wealthiest nations.
Middle East Pivot for Chinese EV Firms: Dealmaking, Market Sales
The Middle East, driven by sustainability efforts and strategic investments, offers key opportunities and challenges for Chinese EVs as the region seeks to boost adoption and infrastructure.
Saudi Arabia’s US$5-Billion-Investment Pledge in Egypt: Strengthening Economic Ties and Industrial Cooperation
Saudi Arabia has strengthened its economic ties with Egypt, as Crown Prince Mohammed bin Salman announced a US$5 billion investment by the Public Investment Fund (PIF) during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh.
