Other Briefings
UAE VAT Exemptions: Impact on Crypto and Investment Firms
From November 15, 2024, businesses in the UAE, including cryptocurrency firms and investment funds, will benefit from new VAT exemptions.
UAE’s New Organizational Framework to Combat Financial Crimes
Amending its organizational framework to combat financial crimes, the UAE has established the NAMLCFTC, which replaces the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).
Navigating Saudi Arabia’s Personal Data Protection Law and Regulatory Framework
Saudi Arabia’s Personal Data Protection Law (PDPL), effective September 14, 2024, requires organizations to follow comprehensive guidelines from the Saudi Data and Artificial Intelligence Authority (SDAIA) to ensure data privacy compliance.
UK FDI Interest in the GCC Markets: Opportunities for Strategic Growth
The Gulf Cooperation Council countries present a fertile ground for UK foreign direct investment, with opportunities across diverse sectors from renewables to healthcare to technology. These prospects will foster greater business collaboration, market penetration, and job creation, and are fueling the UK’s drive to secure a free trade agreement with the GCC.
A Guide to AML/CFT Compliance and Reporting in the UAE
This guide provides an overview of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) compliance requirements for Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE, reporting best practices, and area-wise supervisory authorities.
Turkey Revises Economic Outlook for 2025-2027: Balancing Inflation, Growth, and Opportunities
Turkey’s revised economic outlook for 2025-2027 reflects a strategic shift amid high inflation and slowing growth.
Egypt Introduces Business-Friendly Tax Relief Measures to Boost Economic Growth
A key reform is the introduction of a simplified tax regime for businesses with an annual turnover of up to EGP 15 million. For international companies, the government has raised the threshold for the preparation and submission of transfer pricing studies to EGP 30 million.
GCC Central Banks Follow US Fed in Rate Cuts
Following the recent decision by the US Federal Reserve to lower its benchmark interest rate by 50 basis points, GCC central banks have implemented similar cuts.
Oman’s Strategic Move to Attract Foreign Investment: Exploring the New Opportunities
Oman, under the stewardship of Invest Oman, has unveiled a series of strategic investment opportunities worth over OMR 166 million (approx. US$430 million) in the manufacturing sector.
The UAE’s National In-Country Value (ICV) Program: A Comprehensive Guide to Certification and Registration
The UAE’s National In-Country Value (ICV) Program fosters local economic growth by encouraging investments, employment of Emiratis, and sourcing from domestic suppliers.
