The UAE implemented VAT in 2018 with a standard rate of 5 percent, applied at each stage of the supply chain. Businesses must adhere to compliance regulations, and failure to do so can result in significant penalties.
We explain how setting manufacturing standards to produce high-quality goods can maximize productivity and allow your manufacturing enterprise to be a part of global supply chains.
As the year draws to a close, firms will likely need to perform a stock take. With this in mind, the Vietnam Briefing runs through what firms need to do to ensure their stocktake is as simple, quick, and effective as possible.
Chinese Premier Li Qiang’s recent visits to Saudi Arabia and the UAE have marked a significant step towards strengthening economic cooperation with two of the Gulf region’s wealthiest nations.
The Middle East, driven by sustainability efforts and strategic investments, offers key opportunities and challenges for Chinese EVs as the region seeks to boost adoption and infrastructure.
Saudi Arabia has strengthened its economic ties with Egypt, as Crown Prince Mohammed bin Salman announced a US$5 billion investment by the Public Investment Fund (PIF) during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh.
Italian energy contractor Saipem continues to strengthen its position in the Middle East with the recent award of significant offshore engineering, procurement, and construction (EPC) contracts in both Qatar and Saudi Arabia.
In our manufacturing tracker for Southeast Asia in 2024, we note the PMI values, workforce data, GDP contributions, and policy responses, highlighting the region's growth opportunities and challenges.
India and Portugal's strategic partnership is driving growth in trade, investment, and innovation, with key opportunities in renewable energy, technology, and infrastructure, making them valuable gateways to Asian and European markets.