Middle East Briefing

Due to their rapid economic growth, the Middle East and Dubai are increasingly serving as a bridge between East and West. The #UAE, of which #Dubai is just one of the seven Emirates, experienced its highest growth in over a decade during 2022 and was one of the fastest growing economies in the world last year. Neighbouring #SaudiArabia is expected to be the world’s fastest growing major #economy in 2023. Numerous #trade and #investment opportunities emerge, especially those that extend from Europe and the US to Dubai and the Middle East, then on to Asia. This new publication is a unique introduction to the United Arab Emirates with a special focus on Dubai. It deals with the corporate #legal, #tax, and compliance mechanisms involved in #establishing and #managing a business in Dubai and contains all the latest details of the new 2023 Dubai tax code, set to come into effect from June 1st, 2023. We will shed light on: 👉 Dubai’s position as a bridge between Europe and Asia 👉 Relations within the Gulf and Asian regions 👉 Free trade and CEPA relations with other countries including China, India, ASEAN, Turkiye, etc. 👉 Case studies and investment trends for businesses Considering setting up your business in Dubai? Find comprehensive information in our guide ➡️ http://ow.ly/hv0650NKfN1. #MiddleEastBriefing #Dubai #MiddleEast #DubaiBusiness #BusinessIntelligence #BusinessSetup #CompanyEstablishment #MarketEntry

The spirit of piety and blessings as Ramadan begins in the UAE on March 11 For businesses operating in the UAE, Ramadan presents a dual landscape. On the one hand, the altered working hours and cultural sensitivities could be challenging for foreign firms who are new to the market. Yet, on the other hand, it offers opportunities, especially for those who can adapt to the shifting consumer needs during the period. Experience the sacred month with reduced working hours for both public and private sector workers: https://ow.ly/V7s250QXmYn #MiddleEastBriefing #UAEbusiness #RamadanSpirit #RamadanOpportunities #CulturalSensitivities

How have the UAE's strategic investments in Africa's booming sectors surged past $60 billion, rivaling global giants? The United Arab Emirates (UAE) is the fourth largest investor in Africa over the last decade, following China, the European Union (EU), and the United States (US). UAE investments in Africa are primarily directed towards the high-growth sectors of infrastructure, energy, transport, and logistics and has likely crossed US$60 billion in the period since 2012. Explore opportunities for growth and collaboration: https://ow.ly/5gBc50QWn09 #MiddleEastBriefing #UAEInvestments #AfricaGrowth #InfrastructureDevelopment #TransportationIndustry #InvestmentOpportunities

The UAE's transition from reliance on oil to diversified economic growth, led by dynamic sectors primed for rapid expansion For decades, the UAE’s economic landscape has been firmly rooted in its renowned oil and gas industry, serving as a cornerstone of its prosperity. However, in recent years, a discernible shift towards diversification has taken center stage. With a keen eye on the future, the UAE government has initiated a proactive strategy aimed at nurturing emerging industries. Discover the lucrative opportunities and potential investments in the UAE's burgeoning sectors: https://ow.ly/s9LX50QVk5h #MiddleEastBriefing #UAEeconomy #sustainablegrowth #investmentopportunities

How are the region's youthful demographic and tech-driven innovation shaping its retail landscape? The MEA region has emerged as a powerhouse in the retail landscape. A pivotal factor in this ascent is the region’s youthful demographic. In recent years, the MEA has experienced a remarkable surge in tech-savvy middle-class youth, whose ambitious shopping behavior is propelling the development and innovation of the region’s retail growth, with a particularly positive effect in Saudi Arabia. Dive into the dynamic world of retail with Kearney's Global Retail Development Index (GRDI): https://ow.ly/nbC450QU1q8 #MiddleEastBriefing #MEAretail #TechDrivenMEA #SaudiRetail #KearneyInsights #GRDI

The financial achievements of the UAE in 2023, as scrutinized by His Highness Sheikh Mohammed bin Rashid Al Maktoum The review revealed that the UAE’s Cabinet issued a total of 151 decisions related to the financial sector during that year, encompassing the promotion of a variety of new policies and initiatives, laws and legislations, and the approval of international agreements. Discover how the UAE's strategic decisions are shaping a prosperous future: https://ow.ly/HBsL50QSXtX #MiddleEastBriefing #UAEFinance #UAEeconomy #FinancialSectorUAE #InternationalAgreements

NIO's groundbreaking deal with Forseven opens doors to a new era of electric vehicles The cooperation between NIO and Forseven Limited in technology is based on the complementary advantages of both parties. NIO has an advanced intelligent EV platform and a series of technical solutions, while Forseven Limited has rich market resources and research and development experience. Through technical cooperation, the two sides can jointly develop, manufacture, sell, and promote new energy vehicles that meet market demand and achieve win-win results. Stay ahead in the evolving world of sustainable mobility: https://ow.ly/oomx50QRUlP #MiddleEastBriefing #NIOElectric #EVTechnology #GreenTech #ElectricVehicleMarket #SustainableMobility

Embrace the spirit of piety, charity, and blessings as the United Arab Emirates gears up for the auspicious 2024 Ramadan United Arab Emirates (UAE)’s Moon-Sighting Committee announced that the 2024 Ramadan will commence on Monday, March 11 in the country. It will span 30 days and conclude on Tuesday, April 9. Ramadan is the ninth month of the Islamic calendar, which is the month of piety, charity, and blessings. During this month, capable Muslims are required to fast from dawn to dusk. Reduced working hours for a meaningful and fulfilling Ramadan: https://ow.ly/aRmF50QQTN4 #MiddleEastBriefing #Ramadan2024 #UAE #RamadanPreparation #Blessings #IslamicCalendar

The crucial deadlines and requirements for businesses to register for corporate tax under the UAE's new regime The UAE’s Federal Tax Authority (FTA) has issued a new Decision specifying the time frames for businesses to register for corporate tax (CT) under the country’s new CT regime. The registration deadlines vary depending on the month in which a company obtained its business license. The new Decision took effect on March 1, 2024. Here's what you need to know: https://ow.ly/YWjc50QPWs4 #MiddleEastBriefing #UAEBusiness #CorporateTaxUAE #TaxRegime #TaxCompliance #VATUAE

UAE's removal from FATF's 'grey list' signifies a robust commitment to combat financial crime The removal from the FATF grey list is a significant achievement for the UAE; it reflects the country’s prioritization of delisting and the strengthening of anti-money laundering measures. The UAE has implemented various measures to achieve this goal, including enhancing financial investigations and prosecutions, fostering international cooperation, and aligning virtual asset regulations with global standards. Discover how this transformation can benefit your ventures and investments: https://ow.ly/M7Ug50QOeMU #MiddleEastBriefing #UAE #FATF #financialcrime #investments #virtualassets #financialinvestigations