Middle East Briefing News

Understanding the Dubai Unified Licence: Scope and Benefits

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The Dubai Unified Licence (DUL) is issued to existing and newly established businesses operating with either a mainland or a free zone licence.

Unveiling Opportunities: The United Arab Emirates Emerges as a Prime Destination for Entrepreneurs

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The UAE’s tax and regulatory environment and lifestyle indices has ranked it as a prime destination globally for entrepreneurs to launch a startup business in 2024 per a new report.

Saudi Arabia Gives Status Update on NEOM Projects, Downsizes Area Under ‘The Line’ to 2.4KM

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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

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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

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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

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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

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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

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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

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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

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Government ministers and stakeholders are discussing the potential implementation of a so-called “golden license” for business in the UAE.

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