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Press Dossier   By Date  22/01/2023
UAE corporate tax: Ministry explains 9 key aspects of new law
Tax professionals, business owners and a host of experts were recently invited to the second awareness session that the Ministry of Finance had held to explain important aspects of the upcoming corporate tax (CT) regime in the UAE.
Dubai short-term rental market poised for a surge
As Dubai’s real estate sector continues its surge, a number of homeowners who were renting out in the short-term rental space are now moving towards long-term contracts. But that is not necessarily a bad thing, says an expert.
Jordanian industrial delegation begins visit to Saudi Arabia
Jordan and Saudi Arabia will discuss ways to expand economic relations and build joint industrial partnerships during a Jordanian delegation’s visit that started on Saturday.
UAE fintech InvestSky raises $3.4m in pre-seed funding
UAE-based InvestSky has raised $3.4 million in a pre-seed funding round led by Saudi venture capital firm Emkan Capital with participation from other investors.
MoCI warns against using state leaders, emblem photos on products
The Ministry of Commerce and Industry warned Friday against marketing or selling any product or publication bearing the image of His Highness the Amir, His Highness the Crown Prince or state emblem of Kuwait.
Assembly panel to withdraw loans bill if govt hikes wages
The National Assembly financial and economic affairs committee is prepared to withdraw a controversial draft law to purchase bank loans of Kuwaiti citizens, which has strained relations with the government, if the government pledges to raise wages and improve the standard of living, head of the panel said.
KOC signs contract to study exploitation of renewable energy
Kuwait Oil Company (KOC) signed on Thursday a consulting contract with Worley Consulting to conduct a detailed feasibility study for the exploitation of renewable energy in its fields. In a press statement, the KOC said that this step came in accordance with the roadmap regarding the energy transition to reach net zero carbon emissions by 2050.
Dhaman signs MOU with ECG to promote trade and Investment
Kuwait-based Arab Investment & Export Credit Guarantee Corporation (Dhaman) signed a memo of understanding (MOU) with Export Credit Greece (ECG) for bilateral cooperation and exchange of information to promote trade and investment between Kuwait and Greece.
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