2022

UAE: New Corporate Taxes

UAE: New Corporate Taxes

The latest developments come as the UAE moves to tighten regulations following criticism that it is a hub for illicit financial activity. 

Citi Speeds Asia Exit

Citi Speeds Asia Exit

Citi is selling its consumer businesses in Asia and EMEA to local and regional competitors.

2021

Miami To Offer Bitcoin Yield To Residents

Miami To Offer Bitcoin Yield To Residents

Miami has gotten exchanges including blockchain.com and eToro to relocate to the city as part of Suarez’s drive to create a crypto ecosystem and establish the city as a mining hub. 

UAE Liberalizes Corporate Ownership

UAE Liberalizes Corporate Ownership

The UAE, led by Dubai, earlier created a number of offshore business parks dubbed “free zones,” which permit 100% foreign ownership.

Bank Of Russia Prepares For Digital Ruble Launch

Bank Of Russia Prepares For Digital Ruble Launch

The Bank of Russia’s announcement is the latest move by central banks to harness the advantages of distributed ledger technology to stave off the rapid ascendancy of competing but regulatory-light cryptocurrencies like Bitcoin and Ethereum.

Oman At A Crossroads

Oman At A Crossroads

Already pressed fiscally, Oman’s new leader will need to walk a fine line to restore growth and avoid domestic unrest. 

2020

China And Australia Face Off

China And Australia Face Off

For now, Australia’s most vital exports, which include liquid natural gas, iron ore and copper, have not been affected by rising tensions with China.

Arabtec Faces Uncertainty

Arabtec may struggle to meet the end of November deadline set by shareholders to formally submit liquidation plans to a court. 

Historic Israel-UAE Deal Promises To Boost Commerce

Historic Israel-UAE Deal Promises To Boost Commerce

Israel’s Economy Ministry calculates that the normalization of ties could increase exports to the UAE to US$300 million to $500 million annually while according to Moody’s Investors Services, UAE investments in Israel could reach US$350 million a year.

Uncertain Future For GCC SMEs

Uncertain Future For GCC SMEs

Outdated lending practices and a structural focus on government-related enterprises are keeping banks from backing the region’s beleaguered smaller companies.

Saudi Arabia: Austerity Drive Kicks In

Saudi Arabia: Austerity Drive Kicks In

Economic reforms are hampered by worries they might undo the tacit cradle-to-grave social compact between the monarchy and Saudi citizens that provides a safety net in return for political stability.