Other Briefings
Saudi Arabia Gives Status Update on NEOM Projects, Downsizes Area Under ‘The Line’ to 2.4KM
NEOM, Saudi Arabia’s urban megaproject, has revised its development plans for its futuristic city, ‘The Line’ amidst funding challenges. However, the kingdom remains focused on executing other development projects under NEOM, and shared key targets and timelines.
Non-Oil Sector Driving Bahrain’s GDP Growth: Data Released for 2023
Key non-oil sectors such as hospitality, financial services, construction, transportation, and communication are driving GDP growth in Bahrain.
The UAE’s New Digital Law for Payments and Transactions
Enacted in 2023, the UAE’s New Digital Law regulates e-commerce activities, enhances consumer protection, and promotes digital innovation.
Oman-India FTA Negotiations Reportedly Conclude, But Indian Elections Will Delay Implementation
Oman-India CEPA negotiations have reportedly concluded but the trade deal now has to wait for the Indian elections over the summer and a new central government to be formed in New Delhi.
Eid Al Fitr Holiday Schedule for the Private Sector in GCC Countries
Employees in GCC countries will enjoy a long break for Eid festivities in the week of April 8-13. Eid Al Fitr will likely fall on April 10, depending on the local moon sighting.
Oman Establishes Financial Services Authority: Key Highlights and Implications
Oman is establishing the Financial Services Authority (FSA), which will replace the Capital Market Authority.
Investopia 2024 Launches “Next50” Initiative to Support Innovative Companies in the UAE
On April 1, 2024, Investopia UAE launched its new “Next50” initiative, in collaboration with the emerging market research center EMIR.
UAE Mulls 10-Year “Golden License” to Boost Business Continuity
Government ministers and stakeholders are discussing the potential implementation of a so-called “golden license” for business in the UAE.
UAE Corporate Tax Registration via Government Service Centers
The UAE Federal Tax Authority will enable taxpayers subject to Corporate Tax to submit registration requests at 23 Government Service Centres across the Emirates.
UAE Federal Tax Authority Upgrades Three Key Services
The UAE Federal Tax Authority has streamlined actions to expedite service delivery and enhance customer satisfaction under the Government Service 2.0 Framework.
