TOP STORIES THIS WEEK:

How to Open a Bank Account in the UAE

We offer a detailed overview of the process for opening a bank account in the UAE as well as the eligibility criteria, necessary documentation, and additional considerations.

Bank of Singapore to Expand Middle East Presence, Targets 5-Year Growth Plan

The Bank of Singapore is evaluating the potential of making Dubai one of its booking centers in the future, complementing its existing centers in Singapore and Hong Kong.

UAE’s Non-Oil Foreign Trade Soars to Record US$381 Billion in H1 2024

The UAE has achieved a historic milestone in its non-oil foreign trade, reaching a record AED 1.4 trillion (US$381.17 billion) in H1 2024.

Saudi Arabia’s Trade Surplus Reaches US$26.13 Billion in Q2 2024, Setting a New High

Saudi Arabia recorded a significant trade surplus of SAR 98.36 billion (US$26.13 billion) in the second quarter of 2024, marking the highest level of the year. This represents a strong quarterly growth of 13.2 percent, an increase of SAR 11.495 billion compared to the SAR 86.873 billion surplus reported in the first quarter.

Egypt’s Economy Shows Signs of Recovery Amid IMF Support and Reforms

In the first half of the fiscal year 2023/24, Egypt’s economic growth averaged 2.5 percent, signaling a slowdown compared to previous periods. Despite this, the IMF’s latest review underscores a pathway toward stronger economic performance in the near future, supported by several positive developments.

COMPLIMENTARY BUSINESS RESOURCES:

Guide to HR Compliance and Best Practices in China

The Guide to HR Compliance and Best Practices in China explains key considerations for foreign employers from hiring to staff management and compliance with legislative updates and data security laws.

From Recruitment to Retention: India HR Insights for 2024

This HR report offers an essential guide for foreign invested firms to attract and retain the best talents in India’s dynamic hiring environment.

This publication examines Singapore's 2024 business landscape: economic trends, strategic advantages, and investment opportunities for foreign firms in this key Asian hub.

UPCOMING EVENTS FOR ASIA:

Managing your Company in Dubai: Financial, Tax and Compliance Requirements

Webinar | Thursday, September 12 , 2024 | 2:30 GST / 5:00 PM Vietnam Time / 6:00 PM China Time

Data Compliance in China's Healthcare Sector: Insights for Pharma, MedTech, and Hospital Collaborations

Webinar | Thursday, September 5, 2024 | 4:00 PM China / 10:00 AM CEST / 9:00 AM UK / 6:00 PM AEST

ESG Compliance in the ASEAN-6: Aligning with EU Standards and Regional Legal Frameworks

Webinar | Thursday, September 19, 2024 | 4:00 PM Singapore / 3:00 PM Vietnam / 10:00 AM CET