Middle East Briefing News

India Pushes for Rupee-Dirham Trade Settlement to Reduce Dollar Dependence

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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

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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

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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

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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

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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

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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).

Accepted Transfer Pricing Methods in the UAE: Guidelines from the Federal Tax Authority

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We discuss the main transfer pricing methods accepted by the UAE government under the Corporate Tax Law and aligned with OECD guidance.

Egypt’s Fiscal Performance in the 2023-24 Financial Year

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While Egypt’s fiscal performance in 2023-24 shows significant achievements, ongoing economic reforms are essential for sustainable growth.

Gulf Nations Invest in AI Capabilities

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GCC countries are making impressive strides in artificial intelligence (AI) development, with Qatar leading the charge in terms of investment.

Revolutionizing GCC Logistics: Impact of the Proposed Kuwait-Saudi Railway

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As the GCC continues to invest in infrastructure and modernize its logistics networks, the Kuwait-Saudi Railway will play a central role in shaping the future of freight transport in the region.

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