Middle East Briefing News

Asia-Middle East Investment Dynamic Poised to Reshape Global Capital Flows, Says HSBC

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A recent report by HSBC highlights that Asia and the Middle East and Africa (MEA) are at the forefront of changing global capital flows.

UAE Tax Authority Announces Grace Period for Updating Tax Records: Key Details

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The UAE Federal Tax Authority (FTA) has introduced a grace period from January 1, 2024, to March 31, 2025, allowing businesses to update their tax records without incurring administrative penalties.

What is the Iqama (Saudi Arabia Residence Permit)? A Guide for Employers

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The Iqama is an official residency permit issued by the Saudi Arabian government, allowing foreign nationals to live and work in the Kingdom.

UAE to Implement E-Invoicing Mandate by July 2026: What Businesses Need to Know

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The UAE e-invoicing mandate will be implemented in three stages from Q4 2024 to July 2026, starting with accrediting service providers, followed by legislative updates, and culminating in mandatory compliance for B2B and B2G transactions via the Peppol network.

UAE Real Estate Investment Income and Tax Liability

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Real estate income for individuals in the UAE is generally excluded from Corporate Tax unless the activity requires a business license.

Understanding Saudi Arabia’s Civil Transactions Law: A Cornerstone of Vision 2030 Reforms

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Saudi Arabia’s Civil Transactions Law, effective December 16, 2023, codifies Shari’ah principles and aligns with international standards, aiming to enhance legal certainty and attract investments as part of Vision 2030.

Managing Construction Disputes in the United Arab Emirates: A Quick Guide

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We briefly outline the frameworks, methods, and considerations for managing construction disputes in the UAE.

Understanding Permanent Establishment Status in the UAE and the Small Business Relief Mechanism

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Entities with permanent establishment (PE) status of foreign companies in the UAE are ineligible for Small Business Relief (SBR) benefits.

Guide to International Arbitration in Qatar

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The Arbitration Law (Law No. 2 of 2017) represents Qatar’s first standalone legislation governing arbitration.

UAE’s Digital Transformation: A Blueprint for Global Leadership

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The Dubai government’s 2022-2024 strategy prioritizes growing Dubai’s digital economy and attracting international business and investment.

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