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Press Dossier   By Date  20/05/2023
UAE: Ministry warns public against 'unreliable interpretations' of corporate tax laws
The Ministry of Finance (MoF) on Friday issued a statement urging the public to rely only on official publications and posts when looking for details on the UAE's corporate tax laws.
UAE: 88% drop in collective labour disputes in Q1 2023, says ministry
In the first quarter of 2023, the Ministry of Human Resources and Emiratisation reported an 88 per cent drop in collective labour disputes compared to 2022.
Dubai: Court cases' processing time slashed to less than 100 days in 2022
The time required to complete cases at the Dubai Court of First Instance has gone down from 109 days in 2020 to only 96 in 2020. Processing time for cases in the appellate court was also slashed from 158 days to 136 during the same period, according to the latest data.
Saudi Arabia, Italy sign MoU to foster cultural cooperation
Italy and Saudi Arabia on Friday signed a memorandum of understanding to foster cooperation in the sectors of archaeology, conservation, restoration and protection of cultural heritage, film and literature.
Saudi Tourism Development Fund signs deal with Hyatt Hotels
The Saudi Tourism Development Fund has signed an agreement with Hyatt Hotels to establish luxury hotels throughout the Kingdom, Saudi Press Agency reported on Thursday
Saudi trade balance surplus surges to $12bn in February
Saudi Arabia’s balance of trade witnessed its first increase in nine months as it grew by SR6 billion ($1.6 billion) in February 2023 compared to a month earlier.
ACWA Power signs deals worth over $120m with Uzbek energy companies
ACWA Power Co. has inked agreements valued at over $120 million for energy projects in Uzbekistan in what is a further strengthening of bilateral energy relations between Saudi Arabia and the Central Asian country.
Saudi Arabia’s M3 money supply surges 4.74% since end of December
Saudi Arabia’s M3 money supply has surged 4.74 percent since December 2022, according to data released by the Saudi Central Bank, also known as SAMA.
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