Middle East Briefing News

End of Service Benefits: Saudi Labor Law

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End of service benefits in Saudi Arabia provide financial security to employees upon contract termination, with entitlements based on service length and termination type.

UAE Announces Domestic Minimum Top-up Tax from January 1, 2025

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The UAE Ministry of Finance has announced pivotal amendments to Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, including the introduction of the domestic minimum top-up tax (DMTT) and proposed tax incentives to boost R&D and create high-value employment.

Kuwait Proposes 15% CIT in 2025 Amid Phased Tax Reform

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The draft Business Profits Tax Law introduces major changes to the corporate income tax regime in Kuwait. MNCs should note compliance rules.

Saudi Arabia Takes Steps Towards Environmental Sustainability: COP16 and National Green Initiatives

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Saudi Arabia offers numerous business and commercial opportunities for foreign investors, especially as the Kingdom undergoes a transformative shift towards sustainability, diversification, and modernization.

Israel’s Osek Za’ir: A Simplified Tax System for Small Businesses

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The Osek Za’ir tax system promises to save time, reduce costs, and provide small business owners in Israel with much-needed financial relief.

Global Billionaire Wealth Surges, with UAE Emerging as a Top Destination for Wealth Transfer

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The UAE’s attractive legal structures, healthcare, and education systems have played a crucial role in this trend, drawing billionaires from across the globe.

Türkiye Transport and Logistics Sector: Market Outlook & Opportunities

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Türkiye’s transport and logistics sector is poised for sustained growth, driven by strategic investments in infrastructure, technological advancements, and its pivotal role in global trade.

Business Opportunities Under UAE-Vietnam CEPA Deal

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The UAE-Vietnam CEPA boosts market access in Southeast Asia and the Middle East, unlocking key investment and trade opportunities.

Egypt’s Push for Industrial Growth: Central Bank and Government Support for Producers

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By fostering local industrial production, attracting investments, and supporting green energy initiatives, Egypt is laying the groundwork for sustainable economic growth and global competitiveness.

The Cost of Living in Dubai

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The rising cost of living in Dubai is fueled by economic expansion, high housing demand, global supply chain disruptions, and fluctuating currency rates. Yet, Dubai still offers more affordable living compared to major global expat hubs like Hong Kong, Singapore, Zurich, and New York.

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