Sharjah's Natural Resources Tax, effective February 2025, imposes a 20% tax on extractive and non-extractive natural resources businesses.
Saudi Arabia introduced the new Ultimate Beneficial Ownership (UBO) Rules, mandating all companies to identify, disclose, and maintain up-to-date records of their ultimate beneficial owners.
Egypt and India are strengthening trade and investment ties, aiming to increase bilateral trade from US$4.2 billion in 2024 to US$12 billion in five years, with key sectors including renewable energy, pharmaceuticals, and infrastructure.
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