Other Briefings
How to Open a Bank Account in the UAE
We discuss the requirements to open a current bank account in the UAE, including specific eligibility criteria and documentation.
UAE’s Non-Oil Foreign Trade Soars to Record US$381 Billion in H1 2024
The UAE has achieved a historic milestone in its non-oil foreign trade, reaching a record AED 1.4 trillion (US$381.17 billion) in H1 2024.
Saudi Arabia’s Trade Surplus Reaches US$26.13 Billion in Q2 2024, Setting a New High
Saudi Arabia’s international trade in Q2 2024 totaled SAR 490.657 billion, with merchandise exports leading the way at SAR 294.51 billion.
Egypt’s Economy Shows Signs of Recovery Amid IMF Support and Reforms
We discuss recent developments in the Egypt economy per the latest IMF report, highlighting progress, challenges, and ongoing reform efforts.
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.
