India, UAE Sign MoU on Industries and Advanced Technologies
On 9 June 2022, the Union Cabinet of Ministers chaired by the Prime Minister, Shri Narendra Modi, approved the proposal for signing a bilateral Memorandum of Understanding (MoU) between India and the United Arab Emirates (UAE) on Cooperation in the field of Industries and Advanced Technologies. The MoU followed a resolution to boost up joint […]
UK GCC Free Trade Agreement Kicks off in Riyadh
On 22nd June 2022, The Rt Hon Anne-Marie Trevelyan, Secretary of State for International Trade of the United Kingdom and H.E. Dr Nayef Falah M. Al-Hajraf, Secretary-General of the Gulf Cooperation Council (GCC) officially announced the launch of the UK-GCC FTA negotiations. The UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia are the six middle […]
Corporate Tax on Corporate Income: UAE Announces New Tax Regime for the First Time
The UAE Ministry of Finance (MoF) announced on 31 January 2022 to introduce federal corporate tax or Corporate income tax (CIT) regime that will apply to all UAE businesses except for the entities involved in the extraction of natural resources. Under certain conditions, the UAE CIT regime may also apply to individuals who own a […]