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Press Dossier   By Date  03/01/2023
Are you out of the scope of UAE Corporate Tax Law
By taking the overview of the corporate tax (CT) law of the UAE, the persons can be classified into taxable, exempt and out-of-scope persons. In our previous articles, we have discussed taxable and exempt persons, and in this article, we have covered the persons which are out of the scope of UAE CT law.
Saudi, UN body sign agreement to combat human trafficking
The Saudi Human Rights Commission and the UN Office on Drugs and Crime on Monday signed the second phase of an agreement to implement activities to strengthen national capabilities in preventing and punishing human trafficking.
Saudi Arabia’s job numbers rise at strongest rate since Jan 2018 as PMI stays firm at 56.9
Saudi Arabia’s job numbers witnessed their strongest growth rate since January 2018 in December 2022, as non-oil companies witnessed a sharp expansion in business activity driven by robust market demand and business intake, according to a report.
AJEX Logistics Services inks deal with Dammam Airports Co. to expand Saudi operations
AJEX Logistics Services has inked a new partnership agreement with Dammam Airports Co. to enable it to operate from King Fahd International Airport.
Saudi Arabia’s ICT market value hit $40.9bn in 2022
Saudi Arabia’s first global spectrum auction, the launch of the latest generation of Wi-Fi, and the initial application of fifth-generation technology in the region all helped the Kingdom’s information and communications technology market hit SR154 billion ($40.9 billion) in 2022, according to new figures released by the Communications, Space, and Technology Commission.
Saudi Arabia announces new shipping service to connect Jubail Port with 11 global ports
Saudi Arabia’s ports sector has added yet another trade link from a leading shipping line, with the Kingdom’s Jubail Commercial Port linking with Turkey, the Indian Subcontinent, Africa, and the Middle East, announced the Saudi Ports Authority, also known as Mawani.
CBK: Six Kuwaiti banks join GCC cross-border payment system
Six local banks have joined the GCC Cross-border Payment System (AFAQ) in the State of Kuwait, the Central Bank of Kuwait (CBK) announced on Monday.
Effects of reforms on Kuwait economy still unclear: Expert
Economic researcher Mohammad Ramadan spoke to Kuwait Times about the economic expectations for Kuwait for 2023, saying that due to the political instability in the country and the economic situation that is not a priority for the government, representatives or citizens themselves, therefore, it is hard to predict the economic situation for the country in 2023.
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