Middle East Briefing News

India, UAE Hold First Talks on Advancing the India-Middle East-Europe Economic Corridor

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The discussions regarding the India-Middle East-Europe Economic Corridor (IMEEC) involved key stakeholders, such as DP World UAE, AD Ports Group, and the UAE’s Federal Customs Authority.

Saudi Arabia Introduces New Duty-Free Regulations in Arrival Lounges

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Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has introduced new regulations for duty-free markets in arrival lounges, aimed at enhancing the travel retail sector.

UAE-China Trade & Investment Profile

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The UAE is a pivotal partner in China’s trade and commercial engagements within the Middle East, particularly the Arab Gulf region.

Setting Up in Sharjah, UAE: A Foreign Investment Guide

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The UAE emirate of Sharjah is not reliant on oil and gas reserves, and has well-developed manufacturing, construction, and service sectors. We highlight top sector opportunities and key locations for investors.

Iran Inks 10-Year Port Deal with India: Strengthening Trade Routes and Economic Partnerships

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After prolonged negotiations, Iran and India have successfully concluded a 10-year bilateral contract for the operation of Chabahar Port.

UAE and New Zealand Launched Free Trade Agreement Negotiations

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On May 6, 2024, New Zealand and the United Arab Emirates (UAE) launched negotiations on a free trade agreement (FTA).

China and Saudi Arabia Collaborate on Energy Transition

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China and Saudi Arabia are collaborating to accelerate the energy transition towards renewable sources, marking a strategic move towards sustainability and economic diversification.

Statevolt to Invest US$3.2bn and Build New Battery Cell Gigafactory in UAE

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Statevolt, a US-based company focused on sustainable industrialization and low carbon energy solutions, will build a new cutting-edge battery cell gigafactory in the UAE emirate of Ras Al Khaimah (RAK).

Dubai International Financial Center Announces Digital Assets Law

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The Dubai International Financial Center has unveiled the world’s first Digital Assets Law. We discuss implications for the financial system.

Business Prospects in the GCC-Asia Trade and Investment Corridor

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Trade between the GCC region and Emerging Asia reached around 35 percent between 2021 and 2022, supported by the rapid development, expanding energy needs, large populations, growing consumer power, and high-tech capabilities in key Asian markets.

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