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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

21/05/2023

	UAE ranks second globally in customer trust: UAE Banks Federation UAE Banks Federation (UBF), the representative and unified voice of UAE banks, revealed that the rate of digital banking services use through a number of banking channels has risen to 100 per cent reflecting the impressive advancements made by the UAE in deploying the latest technologies, as well as conforms the customer confidence in the levels of security of these services.
	UAE: Will 9% corporate tax apply to personal income, investments? Ministry clarifies The Ministry of Finance on Wednesday clarified that individuals conducting business activities in the UAE will be subject to corporate tax only if their combined turnover exceeds Dh1 million a year.
	Saudi aid agency signs deal to provide aid to Somalia The King Salman Humanitarian Aid and Relief Center has signed a cooperation agreement with the Somalia-based regional mission of the Organization of Islamic Cooperation to provide support for the Emergency and Rescue Unit of the Somalian Health Ministry, benefiting 821,250 people.
	Etihad Rail partners with Italian firm Arsenale to launch luxury train service in the UAE Travelers will have access to a luxury train service in the UAE after national railway network operator Etihad Rail partnered with Italian hospitality firm Arsenale Group in a move to boost tourism and showcase the country’s heritage and scenic attractions.
	Enhanced economic integration between Arab countries is essential, says Saudi finance minister Saudi Minister of Finance Mohammed Al-Jadaan said on Friday that a series of global crises have highlighted the importance of economic integration among Arab nations, the necessity for increased cooperation, and the need for the development of sustainable economic and financial models.
	Saudi, Iran agreement brings optimism in region: Sheikh Mishal There is a sense of optimism following the breakthrough in relations witnessed among countries in the region including the recent agreement between Saudi Arabia and Iran, Kuwait’s Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah said. However, this sense of optimism is mixed with concern due to the persisting challenges that the Arab World still faces, he added.
	Court says ‘not competent to rule on stopping polls’ The Court of First Instance said on Thursday that it was not competent to rule on a motion demanding to halt the June 6 snap polls until the Constitutional Court rules on another petition demanding the reversal of a March 19 ruling that annulled the September 2022 election.
	Kuwait’s consumer spending solid in Q1 Official consumer, monetary and banking data in the first quarter of 2023 continued to signal a normalization in Kuwait’s non-oil economy post-pandemic.

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SAUDI LAWS

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