A breakthrough double tax treaty signed between the UAE and the KSA is now published
The verdict for approving the DTT in KSA was published in the official Saudi Gazette and Umm Al-Qura, recently along with the text of the DTT. This publication of the decision done in the official Gazette brings an end to the ratification process for KSA. Both the countries involved have to inform the other about the completion of the process as per their law so as to bring the DTT into force.
Dubai Announces the Second Stimulus to Boost SMEs and Public-Private Partnership
The Government of Dubai’s Department of Finance (DoF) has announced the second package with some economic growth initiatives which aim to augment the emirate’s current economic incentive package under the government’s response to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Singapore Upgrading to get Fresh Opportunities and Cater to New Business Models
Singapore is planning to upgrade its trade pacts to get improved access to global markets for its local firms and businesses, and also to cater to new business models as shared by the Minister for Trade and Industry, Chan Chun Sing.
Saudi Arabia has Permitted Shipping Agent Licenses for Full Foreign Ownership
Kingdom of Saudi Arabia’s (KSA) government authorities are working towards enhancing the investment environment, which was planned under the National Transformation Plan and Vision 2030.
India Ranks as the Fastest Emerging Economies World-wide
India is going to surpass UK with regards to world’s largest economy rankings as its GDP growth is projected to be 7.6 percent in 2019. Data trends show that US growth is estimated to be temperate from 2.8 percent in 2018 to approximately 2.3 percent in 2019.