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The First Virtual Assets Law in Dubai Establishes a New Regulator

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The First Virtual Assets Law in Dubai Establishes a New Regulator
  • Newsletter, U.A.E.

The First Virtual Assets Law in Dubai Establishes a New Regulator

  • Overview  As UAE takes giant strides toward becoming an international hub for virtual assets and generating long term economic growth through digital innovation, the country announces a new law for regulating virtual assets and creating a regulated onshore

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Oman Aims to Increase the Non-oil Sector’s Share of Total GDP to 90%
  • Newsletter, Oman

Oman Aims to Increase the Non-oil Sector’s Share of Total GDP to 90%

  • The national GDP contribution of non-oil sectors in Oman is expected to reach 90% by 2040, noted Ahmed Al Hajri, Director General of Nizwa Industrial City. Ahmed Al Hajri, in a seminar titled ‘Nizwa Industrial City: Reality and

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UAE Joins Singapore Convention to Boost Trade and Promote Commercial Dispute Mediation
  • Newsletter, Singapore, U.A.E.

UAE Joins Singapore Convention to Boost Trade and Promote Commercial Dispute Mediation

  • In its bid to boost global trade and investment and promote mediation to settle cross-border commercial disputes, the UAE has joined the Singapore Convention on Mediation as the 56th signatory of the convention. The UAE is all set

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Saudi Accreditation Center and UK Accreditation Services Sign Pact to Improve National Quality Assurance Infrastructure
  • Newsletter, Saudi Arabia

Saudi Accreditation Center and UK Accreditation Services Sign Pact to Improve National Quality Assurance Infrastructure

  • A five-year Memorandum of Understanding (MoU) has been signed between the Saudi Accreditation Centre (SAC) and the UK Accreditation Service (UKAS) to help improve quality infrastructure and boost consumer confidence. This is one of the most notable among

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India-UAE Comprehensive Economic Partnership Agreement: The Key Impacts and Benefits
  • India, Newsletter, U.A.E.

India-UAE Comprehensive Economic Partnership Agreement: The Key Impacts and Benefits

  • India-UAE CEPA was signed on February 18 in New Delhi during the India-UAE Virtual Summit. The CEPA holds strategic importance to both countries as the UAE is currently India’s third-largest trade partner and second-largest export destination after the

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Singapore Introduces a New Assessment Framework for Employment Pass
  • Newsletter, Singapore

Singapore Introduces a New Assessment Framework for Employment Pass

  • A new  Complementary Assessment Framework (COMPASS) for evaluating applications for Employment Pass in Singapore (EP) will come into effect from September 2023 and would enable employers to select highly qualified foreign talents and diversify the workforce. COMPASS will

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UAE Central Bank Forecasts Stronger Economic Recovery In 2022
  • Newsletter, U.A.E.

UAE Central Bank Forecasts Stronger Economic Recovery In 2022

  • The Growth Forecast The UAE Central Bank (CBUAE) in its December report projected a stronger economic growth of 4.2% in 2022 more than the previously estimated 3.8%. The UAE’s economic recovery is expected to strengthen further in 2022

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UAE's VAT for MNCs
  • Newsletter, U.A.E.

Retail Payment Services and Card Schemes Regulations Marks an Innovative Era of Retail Digital Payment in the UAE

  • Key Highlights RPSCS regulation came into force on 15.07.2021 Allows financial service companies and FinTech’s to participate in retail payment services Ensures greater safety during retail digital payment Includes four-category licenses with nine types of payment services The

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Oman Vision 2040: Encourages Partnership of Private Sector Investors
  • Newsletter, Oman

Oman Vision 2040: Encourages Partnership of Private Sector Investors

  • The private sector in Oman is a key partner in the Sultanate’s efforts towards economic expansion and social development as embodied in Vision 2040, stated Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion. He

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Cost-Effectiveness Drives Adoption of Outsourced Accounting Services Amongst SMEs Across the Globe
  • Newsletter

Cost-Effectiveness Drives Adoption of Outsourced Accounting Services Amongst SMEs Across the Globe

  • The recent outbreak of COVID-19 throughout the world has had a tremendous adverse impact on the economy and brought a massive shift in the way companies did business. SMEs and startups have been the hardest hit with insurmountable

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