Middle East Briefing News

Saudi Arabia Directs Enterprises to Submit VAT Returns for March and Q1 2024

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As Saudi Arabia’s tax regulator reminds businesses to file their VAT returns on time, we take note of key timelines and the filing mechanism.

Dubai Introduces New Judicial Authority to Resolve Conflicts Between DIFC and Local Courts

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Dubai has introduced a new judicial authority to address jurisdictional conflicts between DIFC Courts and local judicial bodies, with the goal of streamlining legal proceedings.

Navigating UAE Tax Compliance: Insights from the FTA’s Taxpayer Charter

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The UAE Taxpayer Charter outlines taxpayer obligations for compliance with tax laws and educates them about their rights, with the goal to establish greater transparency and mitigate tax avoidance.

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.

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