Hong Kong Leads as the World’s Most Competitive Economy
The IMD World Competitiveness Center has again ranked Hong Kong as the world’s most competitive economy for 2 years in a row, besting 62 other countries. Hong Kong has been consistently in the top 5 ranking in the published research for the past 4 years. The country’s Financial Secretary Paul Chan Mo-po said that Hong […]
VAT Law (Draft) Published in KSA
Introduction The GCC nations have announced the introduction of VAT from the next year and preparation for the same is in full swing. Kingdom of Saudi Arabia (KSA) already published the draft VAT law on the website of General Authority of Zakat and Tax (GAZT). It is considered to one of the major steps towards […]
Saudi-China business talks to boost trade and investment
RIYADH: The meeting of the Saudi-China Business Council in Beijing is expected to help boost trade and investment between the Kingdom and China, an official has said. Abdullah Al-Mobty, chairman of the council, told Arab News that the business talks will coincide with King Salman’s visit to Beijing. Al-Mobty said the discussions at the bilateral […]
New Government rules in Commercial Company Law of UAE
Introduction-Commercial Company Law There has been New Government Rules issued by the authority recently, The Provisions are related to “Related Parties”, “Insiders”, and “Conflict of Interest”. The purpose of this article is to provide an overview between the New Government Rules and Commercial Company Law. To suffice the purpose of this article, let us first […]
KSA to Plans Boost Investment in Private Sector
Introduction Economy of Kingdom of Saudi Arabia (KSA) has faced the worst hit of a sharp fall in oil prices and to deal with the situation efficiently and overcome the menace, the Government has launched various development and transformation programs to divert the economy from its dependence on oil. Mr. Salman, King of the nation […]