Middle East Briefing News

UAE Issues New Rules On Tax Payment Concerning Intellectual Property Income

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The UAE has announced new rules on payment of tax in the country, clarifying the amount of tax payable on intellectual property, as well as a tax exemption on income earned trading selected items on registered stock exchanges.

Egypt and India Bilateral Trade: 2023 Status and Future Prospects

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Commitments to develop mutual trade to US$25 billion can lead to opportunities By Farzad Ramezani Bonesh Background India and Egypt are among the oldest civilizations in the world and have had commercial and economic contacts for thousands of years. In the modern era, after India’s independence in 1947, diplomatic relations were established in August 1947.

UAE Tax Authority Issues New Tax Rules For Non-Residents

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The UAE Federal Tax Authority (FTA) has announced a new guide for the criteria for determining non-residents subject to corporate tax in the country. This clarification comes as part of the corporate tax law, which came into effect on June 1, 2023.

Bahrain’s Gulf Air To Start Direct Flights To China From January 2024

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Bahrain’s national carrier Gulf Air has confirmed that it will begin flights to China from January 2024. The carrier will operate to two cities in China – Guangzhou and Shanghai – from its hub of Bahrain International airport.

Turkiye’s bilateral trade with Iran, 2023/24 Situation and Prospects

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Bilateral trade is growing as mutual East-West connectivity unites sovereign development plans By Farzad Ramezani Bonesh Turkiye and Iran have about 534 kilometers of common border and a long history of relations. In the past few centuries, historical, geographical, cultural, political, and economic factors have played a role in their bilateral relations. Trade relations between […]

Oman – Indonesia Bilateral Trade Up

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A delegation from the Oman Chamber of Commerce and Industry (OCCI) have been attending the 38th Indonesian International Trade Fair (Trade Expo 38), which is organized by the General Directorate of National Export Development of the Ministry of Commerce in Indonesia.

Saudi Arabia, India Looking To Boost Bilateral Trade Ties

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Saudi Arabia and India are looking to develop economic ties and boost the current US$52 billion bilateral trade relations between the two countries.

Saudi Arabia and Indonesia’s Bilateral Trade: Status and Prospects

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Bilateral trade US$7 billion with plenty of room for significant growth By Farzad Ramezani Bonesh Background Civilization and economic relations between the two regions go back centuries before Islam. In modern history, after Saudi Arabia recognized Indonesia’s declaration of independence on November 4, 1947, diplomatic relations between Indonesia and the Kingdom began with the opening […]

Iran, Russia Engage in Talks Concerning Israel Conflict and Bilateral Trade & Development

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The INSTC and suppressing the Israel-Palestine conflict are both high on the bilateral diplomatic agenda  By Emil Avdaliani with additional commentary by Chris Devonshire-Ellis  Iran’s Foreign Minister, Hossein Amir-Abdollahian has been hosting talks with the Russian Foreign Minister, Sergey Lavrov, and has been discussing expanding bilateral cooperation within high-level agreements in Tehran, according to the […]

Israel’s Relationship With The Gulf Cooperation Council

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By Michael Barantschik The current problems surrounding Israel and Palestine have shaken the Middle East and impacted global trade and security. Just as an integration of Israel into the wider region had appeared promising, serious and violent obstacles have arisen. In this article we examine Israel’s relationship with the Gulf Cooperation Council (GCC) – six […]

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