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Foreign Direct Investments in Europe on Decline
- 04.05.2024
- Posted by: Uwe Hohmann
- Categories: Middle East, Europe
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Europe’s Foreign Direct Investment dropped by 4%, influenced by economic uncertainties, energy security concerns, and a surge in regulatory measures across various sectors.
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Saudi Arabia’s GDP and Trade on the Rise
- 04.05.2024
- Posted by: Uwe Hohmann
- Category: Middle East
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.
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CBUAE Holds Base Rate: What does this mean for your business
- 04.05.2024
- Posted by: Uwe Hohmann
- Category: Middle East
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.
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DIFC Courts Gain Popularity – Stronger and Faster Legal Solutions for Businesses
- 26.04.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The DIFC Courts handled more and larger cases than before in 2023, with the main court settling 111 cases worth AED 16.5 billion.
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Dubai – Leading Digital Economy Hub
- 26.04.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
Dubai has once again shown itself as a leader in digital innovation by attracting nine multinational companies, worth more than AED 304 billion.
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UAE Corporate Income Tax Regulations: Accounting Standards and Tax Obligations
- 26.04.2024
- Posted by: Uwe Hohmann
- Categories: Tax, Middle East
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.
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A Simple Guide to Understanding Your Rights and Duties with the FTA’s New Taxpayer Charter
- 20.04.2024
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai, Middle East
The FTA’s new Taxpayer Charter guarantees fair treatment, privacy, and access to accurate information, ensuring a transparent and equitable tax environment for all.
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Leveraging Spanish Investments in Saudi Arabia for Business Opportunities
- 20.04.2024
- Posted by: Uwe Hohmann
- Category: Middle East
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.
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Exploring Business Opportunities in the UAE Tourism Sector
- 20.04.2024
- Posted by: Uwe Hohmann
- Category: Middle East
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.
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Why Now is the Time to Invest in Saudi Arabia’s Economy
- 13.04.2024
- Posted by: Uwe Hohmann
- Category: Middle East
Saudi Arabia’s economy offers great opportunities for growth, and we believe it is a good moment to start a business there.
