Europe's Foreign Direct Investment dropped by 4%, influenced by economic uncertainties, energy security concerns, and a surge in regulatory measures across various sectors.

Saudi Arabia's GDP rose by 1.3% in the first quarter of 2024, driven by growth in both oil and non-oil sectors, an example of economic resilience and diversification efforts.

The Central Bank of the UAE has maintained its Base Rate for the Overnight Deposit Facility at 5.40%, signaling stability and control in the monetary environment, crucial for the country’s economic balance.

The DIFC Courts handled more and larger cases than before in 2023, with the main court settling 111 cases worth AED 16.5 billion.

Dubai has once again shown itself as a leader in digital innovation by attracting nine multinational companies, worth more than AED 304 billion.

Businesses operating in the UAE must align their accounting practices with the standards set by the Federal Tax Authority to avoid penalties and optimize tax positions.

The FTA's new Taxpayer Charter guarantees fair treatment, privacy, and access to accurate information, ensuring a transparent and equitable tax environment for all.

Spanish investments in Saudi Arabia, surpassing EUR 3 billion over the last decade, highlight the strong economic ties and opportunities for European businesses considering entering the KSA market.

The projected increase in employment and visitor spending within the UAE's tourism sector for 2024 offers opportunities for entrepreneurs to establish and expand businesses in hospitality, travel, and related services.