The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force
The decision aims to clarify the application of the corporate tax regime for individuals and ensures that only business income is taxed
The economies of the Gulf Cooperation Council are projected to grow by 2.5 per cent in 2023 and 3.2 per cent in 2024
The Sydney office is the second to be inaugurated in 2023 and expands the chamber’s global network to 17 representation offices
The city’s non-oil sectors witnessed significant growth of Dhs43bn in 2022 and contributed 50 per cent to the overall GDP
Economic expansion was driven by a 5.8 per cent increase in non-oil activities
Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector
Both the countries agreed to double the volume of trade and investment exchange over the next seven years
Jessica Wong, managing partner at eWTP Arabia Capital looks at how Saudi Arabia is uniquely placed to leapfrog innovation hurdles and build businesses with global impact
Ministry of Industry and Advanced Technology hosts around 30 German companies to discuss expanding cooperation in fields such advanced technologies and de-carbonisation
The UAE is one of Brazil’s largest trading partners and President Lula’s visit is expected to boost bilateral relations between the two countries
Spot gold was up 0.1 per cent at $2,042.01 per ounce, as of 5.34am GMT
The economic zones are expected to accelerate growth, increase export competitiveness, attract talent and improve the country’s global links
The latest IMF World Economic Outlook update found that recession concerns have gained prominence, while worries about stubbornly high inflation persist
The Ministry of Finance said government entities, government-controlled entities as well as extractive businesses are exempted from corporate tax
The authority applies the latest and most important global standards in innovation and creativity strategy
The programme’s goals will be supported by an international network of fellows known for their achievements in government, technology and future sectors
The tax relief seeks to support startups and other small businesses by reducing their corporate tax burden and compliance costs
The pre-event phase contributed around one-quarter of gross value and the legacy phase will add 62 per cent
The country’s non-oil sector grew by 6.2 per cent in 2022, the highest growth rate recorded over the past ten years
Additionally, the UAE cabinet meeting reviewed more than 19 initiatives to attract talent to the country
The ASEAN nation continues to be an excellent market for Islamic fintech players to make a mark in the region
Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher
The strategy aligns with the fund’s aim to support the private sector in increasing its contribution to GDP by up to 65 per cent by 2030
The promotion is valid on return and one-way journeys on Etihad-operated flights booked on the carrier’s website
Developments within the art market over the last decade have been followed almost as closely as those within the stock market
The country’s GDP crossed the $1tn mark for the first time in 2022 as higher oil prices boosted government revenues
Spot gold was little changed at $1,845.34 an ounce as of 8:52 a.m. in Singapore, after falling 0.5 per cent on Monday
The platform features a comprehensive set of specialised services to enhance communication between the chamber and private sector
In 2021, non-oil trade between the two countries totalled almost $60bn, resulting in a 27 per cent growth on the previous year