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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Tax
Banking & Finance
UAE announces new tax rules regarding non-resident nexus for corporate regulations
This decision eases compliance for foreign investors and highlights the UAE's commitment to investment appeal
Energy
Oil prices hit four-year low of $63.93 amid Trump tariff fears
Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand
Economy
U.S. economy adds 228,000 jobs in March amid looming trade war escalation
Job growth rebounded significantly from last month’s revised total of 117,000 new jobs added
Economy
IMF urges U.S. to collaborate on trade as tariffs pose economic risks
Georgieva stated the IMF will assess tariffs during meetings from April 21-26
Economy
U.S. tariffs could constrict global trade by 1 percent in 2025, WTO warns
Trump recently announced a 10 percent import tax and higher tariffs on trade surplus nations.
Economy
U.S. tariff rate soars to 22 percent from just 2.5 percent, highest since 1910: Fitch
Tariffs are expected to generate approximately $700 billion in annual revenue
Economy
UAE tops ranking in Global Entrepreneurship Monitor 2025 Report for 4 years running
The country achieved the highest rank among high-income nations in 11 out of 13 key indicators
Energy
Oil prices rise to $72.77 following two-month low as traders evaluate mixed U.S. inventory report
Crude Oil WTI Futures, set to expire in March, also saw a gain of 0.4 percent, reaching $68.53
Banking & Finance
UAE: FTA registers intellectual property for ‘Muwafaq’ package
The package aims to boost innovation in taxes, enhancing SME empowerment and tax compliance
Banking & Finance
Saudi Arabia’s ZATCA urges commercial sector to submit VAT statements for January
The decision applies to those whose annual revenues from goods and services exceed $10.7 million
Banking & Finance
Etihad Airways reports $6.9 billion revenue, 25 percent year-on-year growth
This growth was fueled by remarkable performance in both passenger and cargo sectors
Banking & Finance
Dubai’s Emaar Properties posts $9.7 billion in revenue, $5.1 billion profit following record year
Property sales reached $19 billion, a 72 percent increase from $11 billion in 2023
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