The UAE will introduce a new tax at the start of 2025 and is mulling options for incentives to support businesses driving the economy. The UAE Ministry of Finance has announced updates in relation to certain provisions of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. These amendments include
Dubai’s meteoric rise as a global hub for entrepreneurship is well-documented, but its burgeoning reputation as a hotspot for public relations (PR) is quickly gaining momentum. As the city experiences an unprecedented boom in initial public offerings (IPOs) and attracts a wave of entrepreneurial talent, the need for robust communication
Riyadh, Saudi Arabia — Excitement filled the air in Riyadh as the city’s long-awaited metro system officially began operations, marking a significant milestone in the capital’s transportation infrastructure. Residents flocked to the metro on its inaugural day, eager to experience the ride that promises to transform their daily commutes. “My
Saudi Arabia’s non-oil economic activity surged to a 16-month high in November, underscoring the success of its diversification strategy under Vision 2030. The S&P Saudi Arabia Purchasing Managers’ Index (PMI), a key indicator of the non-oil private sector’s health, climbed to 59, up from 56.9 in October. This marked the
The United Arab Emirates (UAE) has solidified its reputation as a global leader in innovation, sustainable development, and societal progress, according to a report by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat). Released to mark the 53rd Eid Al Etihad, the report
The UAE economy is forecasted to expand from 3.7% in 2024 to 4.5% in 2025, according to the latest ICAEW Economic Insight report by Oxford Economics. While the non-energy sector is expected to see slight moderation, with growth dipping from 4.5% to 4.3% due to capacity constraints, the UAE continues
Innovation is more than just a buzzword—it’s the driving force behind business success and long-term sustainability. For any company aiming to stay competitive and relevant, a strong focus on innovation is essential. In this guide, we’ll dive into the true value of innovation, the risks of not adapting, and the
Riyadh: Saudi Arabia’s budget deficit shrank to SR30.23 billion ($8.06 billion) in Q3 2024, marking a 15% year-on-year decrease, according to the Ministry of Finance. This adjustment aligns with previous forecasts and brings the total deficit to SR57.96 billion for the nine months ending in September. Fueled by a 20%
Saudi Arabia and Turkey recently made a significant leap in their bilateral relationship, signing 10 cooperation agreements during a prominent business forum in Istanbul. This event marks a new chapter in the economic partnership between the two nations, focusing on an array of sectors crucial to both economies. From agriculture