Other Briefings
Greece Extends Turkish Express Visa Scheme Until April 2026
The European Commission has confirmed Greece’s plan to extend express visa scheme for Turkish visitors arriving to select Greek islands until April 2026. We discuss the reasons for the extension and the positive outlook for Greek-Turkish relations.
New UAE E-invoicing Regulations: What Service Providers Need to Qualify for MoF Accreditation
Understand the UAE Ministry of Finance’s accreditation rules for eInvoicing service providers under Ministerial Decision No. 64 of 2025, including eligibility, testing, and compliance.
UAE’s New Dirham Symbol and Digital Currency: Q4 2025 Launch
The UAE’s Digital Dirham, a blockchain-based central bank digital currency (CBDC), is set to launch by late 2025. Alongside this, a new symbol for the Dirham has been introduced, reinforcing the nation’s commitment to financial modernization and global competitiveness.
Egypt Approves Budget for FY2025-26 Amidst IMF Pressure
Egypt’s FY2025-26 budget, totaling EGP 4.6 trillion (US$90.97 billion), focuses on fiscal discipline, social protection, and economic growth, aligning with IMF-backed reforms. Key measures include increased subsidies, higher public sector wages, and targeted investments in productivity and infrastructure.
Sharjah Natural Resources Tax 2025: Implications for Extractive and Non-Extractive Businesses
Sharjah’s Natural Resources Tax, effective February 2025, imposes a 20% tax on extractive and non-extractive natural resources businesses.
Saudi Arabia Introduces New Ultimate Beneficial Ownership Rules
Saudi Arabia introduced the new Ultimate Beneficial Ownership (UBO) Rules, mandating all companies to identify, disclose, and maintain up-to-date records of their ultimate beneficial owners.
Egypt-India Economic Ties Eyeing US$12 Billion Trade Target & Investment
Egypt and India are strengthening trade and investment ties, aiming to increase bilateral trade from US$4.2 billion in 2024 to US$12 billion in five years, with key sectors including renewable energy, pharmaceuticals, and infrastructure.
UAE-US Economic Relations: Trade, Investment, and Strategic Cooperation
The UAE is strengthening its trade and investment ties with the US through significant investments in energy, technology, and infrastructure.
Saudi Arabia Releases Draft Real Estate Transaction Tax (RETT) Regulations
Saudi Arabia introduced a new regulatory framework for real estate transactions with the publication of RETT draft regulations by ZATCA, clarifying the application of the 5 percent RETT, exemptions, compliance obligations, and enforcement mechanisms.
Eid al Fitr 2025 Holidays and Private Sector Guidelines in GCC
Eid al Fitr holidays for the private sector in GCC countries vary by nation, with most granting three to five days off. Labor laws ensure fair compensation for employees required to work during this period.
