UAE Tax Authority Issues New Tax Rules For Non-Residents
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
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
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
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
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
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
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
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 […]
Gulf Cooperation Council Unified Visa To Be Available From 2024-25
A Gulf Cooperation Council (GCC)unified Gulf tourist visa, which will allow visa holders to travel across the six Gulf countries, will be rolled out next year, according to Abdullah bin Touq Al Marri, the UAE’s Minister of Economy.
Ras Al Khaimah Launches Digital Economic Free Trade Zone
Sheikh Mohammed bin Saud bin Saqr Al Qasimi, the ruler of the Ras Al Khaimah Emirate within the UAE has inaugurated the new RAK Digital Assets Oasis (RAK DAO), an economic free zone dedicated to supporting companies involved in digital and virtual assets, blockchain, Web3 and artificial intelligence (AI). The ceremony took place on October […]