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Press Dossier

By Date

27/05/2023

	UAE President issues law establishing minor affairs authority in Capital His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi, has issued a law establishing the Awqaf and Minors Affairs Authority (AMAA) in Abu Dhabi.
	UAE announces new corporate tax rules to support companies' transition once law takes effect in June The UAE's Ministry of Finance (MoF) on Friday announced a new decision specifying corporate tax rules that aim to ease companies' transition period once the law comes into effect on June 1.
	UAE: Up to Dh5,000 fine for owners of some vehicles who fail to register in tracking system before October 30 The Federal Authority for Identity, Citizenship, Customs & Port Security called on owners of means of transporting goods and trucks registered in the United Arab Emirates to register in the Electronic National System for Tracking Trucks and Shipments during the approved registration period, which ends on October 30, 2023.
	Police issue warning against fake news claiming they are offering jobs to all nationalities Ajman Police has issued a clarification regarding job vacancies at the department.
	UAE Central Bank removes insurance company's board of directors for violating laws The Central Bank of the UAE (CBUAE) on Tuesday announced the removal of the board of directors of an insurance company and replaced it with a temporary committee of experts for six months for not adhering to the local laws.
	Saudi Arabia’s merchandise exports rise 4.4% to $28bn Saudi Arabia’s total merchandise exports rose 4.4 percent in March to SR106.1 billion ($28.29 billion), compared to SR101.1 billion in the previous month, according to the latest report released by the Kingdom’s General Authority for Statistics.
	Saudi Venture Capital invests $7.5m to back SMEs, startups Entrepreneurs in Saudi Arabia are set to benefit from an investment of $7.5 million by Saudi Venture Capital into a fund aimed at helping early and late-stage startups.
	Saudi Arabia’s PIF announces $3bn investment unit for Iraq Aligning with its strategy to seek new investments in the Middle East and North Africa region, Saudi Arabia’s sovereign wealth fund has created a unit with a capital of $3 billion to invest in industries across Iraq.

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SAUDI LAWS

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