Other Briefings
Dubai Opens Hong Kong Trade Office, Eye On Free Trade Agreement
The Dubai International Chamber of Commerce has announced the establishment of its new international office in Hong Kong, to drive mutual economic and business growth. The announcement was made on the sidelines of the UAE-Hong Kong Business Forum, which took place on February 9, in Dubai.
China’s Luxury Auto Brand Hongqi – As Used By Xi Jinping – To Be Sold In UAE
Chinese autos are making inroads into the luxury middle eastern market after Saudi Arabian auto distributor Altawkilat launches its dealership for the prestigious luxury Chinese auto brand Hongqi.
Turkiye-Syria Earthquake – Death Toll Could Reach 20,000 With Hundreds of Thousands Without Food, Heat Or Shelter
Article contains links to relief donation and contributions assistance The devastating earthquake that hit Southern Turkiye on Monday could result in a death toll of over 20,000, according to the WHO. The quake was 67km north-east of Kahramanmaraş, a city in the Mediterranean Region of the country, close to the border with Syria. Extensive […]
UAE-Cambodia CEPA Agreement Expected Later In 2023
Local Cambodian officials expect the Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement (CAM-UAE CEPA) to be signed in Phnom Penh later this year, at the fourth round of formal negotiations for the deal.
UAE-India Bilateral Trade ‘Can Easily Surpass US$100 billion’
The UAE-India Closer Economic Partnership Agreement (CEPA) deal is leading to ‘deeper border integration’ in global value chains, according to Piyush Goyal, India’s Minister of Consumer Affairs, Food and Public Distribution. Goyal, speaking at the India-UAE Partnership Summit in Dubai. He said that the food and the agriculture sectors are an area of high priority […]
Dubai’s Wooden Dhow Gulf Trade Grew 12% In 2022
The enigmatic and often ancient Wooden Dhows based from Dubai and carrying smaller cargo across the Middle East and as far as Indian an MENA ports increased by 12% in 2022. Not just scenic tourist attractions, these craft ply important Gulf and North African trade routes.
UAE Sets Zero Corporate Tax Threshold At US$100,000
The UAE has set the ‘Applicable Taxable Income’ threshold for Corporate Tax. A zero per cent rate will apply to taxable income that does not exceed Dh375,000 (US$102,000) during the same tax period regardless of the number of businesses or business activities the taxable person is engaged in during that period.
Saudi Arabia Launches Four-Day Access ‘Transit’ Visa
The Ministry of Foreign Affairs, in coordination with the relevant authorities and cooperation with national airlines, has launched an electronic service that will allow passengers stopping over in the Kingdom to obtain an entry visa.
Updates on the UAE’s New 9% Corporate Income Tax Charges and Applicability
The UAE is undergoing some tax changes this year, with the introduction of a 9% corporate income tax rate from June 2023 for the first time. There are some allowances however, and some of these apply to businesses registered in Free Trade Zones. These though are awaiting clarification as concern ’qualifying income’ for ‘free zone […]
Dubai Expecting A Busy 2023 In Developing An International IPO Market
Dubai is ready for more IPO listings from state-owned and private enterprises, driven in part by the recently launched Dubai Economic Agenda (D33) goals. Helal Saeed Al Marri, Director-General of Dubai Department of Economy, has stated that “Despite the many challenges faced, we saw robust GDP growth in 2022 and several other positive indicators, including […]
