Middle East
Middle East | 7 Sep 17
Saudi Arabia scales back Vision 2030 plan to diversify economy
Saudi Arabia is redrafting a series of reforms aimed at boosting the country’s non-oil revenue, amid concerns some of the initiatives could negatively impact the economy.
Middle East | 4 Sep 17
Saudi Arabia opens registration for VAT to top up oil revenue
Saudi Arabia has opened registration for the new 5% value added tax (VAT), which begins on 1 January next year as part of a move to diversify its economy away from a reliance on oil revenues.
Middle East | 30 Aug 17
Leading advisers predict new UAE rules will cull firms by 50%
New capital requirements for licensed UAE insurance brokers will amount to a “cull” that could see the number of regulated firms drop by more than half, the heads of two large advisory firms operating in the region have suggested.
Middle East | 29 Aug 17
UAE issues new tax law to implement 5% VAT
The government of the United Arab Emirates has issued a decree paving the way for its new value added tax (VAT) system to be implemented from 1 January 2018, which will cover the financial services sector.
Hong Kong and Dubai market watchdogs partner on fintech
Hong Kong and Dubai-based securities watchdogs have penned a cooperation agreement on fintech innovation.