Other Briefings
Getting Regionally Prepared For The Middle East’s New Tax Regimes
Sweeping changes are taking place amongst the Gulf Cooperation Council members that will significantly impact Foreign Investors In the Middle East’s rapidly evolving business investment environment, a transformative digital tax wave is sweeping through Saudi Arabia and the Gulf Cooperation Council (GCC) region, which also brings changes to Bahrain, Kuwait, Oman, Qatar and the UAE. […]
Russian President Putin Visits Saudi Arabia and the UAE; Talks With Iran: The Political, Trade and Development Dynamics
Implications for Israel, Palestine, and future energy collaboration in addition to Caspian Sea trade between the Middle East, Russia, and Central Asia By Chris Devonshire-Ellis The Russian President Vladimir Putin has been on an official visit to Saudi Arabia and the UAE, and is holding discussions with the Iranian President Raisi in Moscow today (Thursday, […]
Iran, Oman, Planning To Sign Preferential Trade Agreement
Iran and Oman are planning to boost their economic ties by signing a preferential trade agreement in the near future, the head of Trade Promotion Organization of Iran (TPOI), Mehdi Zeighami has said. According to Zeighami, the two countries are to hold talks on the details of the agreement, which will cover various sectors such […]
Saudi Arabia and Turkiye Target US$30 Billion in Bilateral Trade
Saudi Arabia and Turkiye are looking to develop closer economic and investment ties as they explore new trading opportunities. The volume of trade between Saudi Arabia and Turkiye reached US$5.9 billion in 2022, recording a growth rate of 32.6%. However, at a business council meeting between the two countries, plans were discussed to expand this […]
UAE and Philippines Look To Increase US$1.9 Billion Non-Oil Trade Via a CEPA Agreement
The UAE and the Philippines are looking to boost US$1.9 billion non-oil trade ties as they negotiate details of a Comprehensive Economic Partnership Agreement (CEPA) between the two countries.
Saudi Arabia and Uzbekistan Expand Ties As Riyadh Makes US$12 Billion Investment
By Emil Avdaliani Expanding relations between Saudi Arabia and Uzbekistan Arabia are based on the two countries’ close cultural and religious ties. Saudi Arabia has offered educational support to Uzbek students and participated in restoring Islamic holy sites in Central Asia. Additionally, but perhaps more importantly, Tashkent and Riyadh also see each other as partners […]
Türkiye’s Trade With The GCC: 2023/24 Status and Prospects
A more considered approach to the Middle East from Ankara is driving multilateral trade and investment forward into developments worth tens of billions of dollars By Farzad Ramezani Bonesh with additional commentary by Chris Devonshire-Ellis The foundations of the economic and trade relations between Turkiye and the Gulf Cooperation Council (GCC) states were laid in […]
UAE Releases New 500 Dirham Banknote
The UAE Central Bank has issued a new 500-dirham polymer banknote with designs that reflect the UAE’s leadership in sustainability, featuring the Museum of the Future building on the front. The new banknote will be put into circulation starting Thursday, November 30, along with all paper and polymer banknotes currently in circulation. 500 Dirhams is […]
The Philippines Enters Islamic Financing Sukuk Bond Market
Manila to issue US$1 billion Sukuk bond in a national first as it targets Middle East financing In a groundbreaking move, the Philippines has officially declared its entrance into the Islamic finance market. The Philippines Bureau of Treasury (BTr) disclosed plans for a benchmark-sized Sukuk offering denominated in US dollars with a 5.5-year tenure.
Kuwait’s Economy: Opportunities, Challenges, & 2024 Outlook
Kuwait has the world’s largest sovereign wealth fund but economic reforms are still needed By Farzad Ramezani Bonesh Kuwait gained independence from the United Kingdom in 1961, and has since developed to become one of the most stable economies in the Middle East region after oil discoveries. It is located at the tip of the […]
