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Saudi Arabia’s New SME Strategy: 500,000 Jobs and a 35% GDP Push by 2030
Saudi Arabia’s New SME Strategy: A Bold Bet on Small Business Growth Saudi Arabia just placed one of its biggest economic bets yet on small and medium enterprises. On September 15, 2026, the Saudi Cabinet approved the National Entrepreneurship and Small and Medium Enterprises Strategy, a sweeping plan designed to
ADGM Removes the Nexus Requirement for SPVs: What Global Investors Need to Know
For international investors, family offices and business groups, establishing a UAE holding structure has become more accessible. Abu Dhabi Global Market or ADGM has removed the nexus requirement for applicants to demonstrate an existing connection, commonly called a “nexus,” to ADGM, the UAE or the wider GCC when establishing a
UAE Input VAT Rules 2026: Supplier Due Diligence Required from 1 October
UAE Input VAT Rules Are Changing: Supplier Due Diligence Required from 1 October 2026 Recovering input VAT in the UAE will soon require more than holding a valid tax invoice. From 1 October 2026, businesses must perform and document specific checks on their suppliers and transactions before deducting input VAT.
UAE Tightens Corporate Governance and Anti-Money Laundering Rules: What It Means for Businesses in 2026 Category: Corporate Compliance & Business Advisory
The United Arab Emirates has taken another decisive step to cement its reputation as one of the world’s most trusted and investor-friendly business destinations. In a recent meeting of the country’s Economic Integration Committee, senior officials reviewed a fresh set of measures designed to strengthen corporate governance, tighten the framework
UAE Corporate Tax Clarifications 2026: 15 Important Lessons for Businesses
The UAE Corporate Tax framework is entering a more mature stage. Businesses are no longer dealing only with questions about registration, applicable tax rates, and filing deadlines. Increasingly, the focus is shifting towards how the Federal Tax Authority may interpret specific business structures, transactions and operating arrangements in practice. The
Saudi POS Spending Hits $3.36 Billion: A Strong Signal for Business Confidence in the Kingdom
Saudi Arabia’s point-of-sale spending has once again highlighted the strength of consumer activity in the Kingdom. According to recent market reports based on Saudi Central Bank data, weekly Saudi POS spending edged up by 1.9% to $3.36 billion, reflecting continued movement across retail, food, services, lifestyle, and other consumer-driven sectors.
GCC-UK Free Trade Agreement: Key Business Opportunities for Companies in the Gulf
The newly concluded GCC-UK Free Trade Agreement marks an important milestone in trade relations between the United Kingdom and the Gulf Cooperation Council. The agreement is expected to reduce trade barriers, remove tariffs on key goods, strengthen access to services, and create new business opportunities across the UAE, Saudi Arabia,
The Dual Mandate: When Internal Auditors Must Both Use AI – and Audit It
The Dual Mandate – A strategic framework for GCC organizations navigating algorithmic accountability “When did your internal audit function last issue a finding about an AI system? Not cybersecurity in general – but specifically about an algorithm your organization uses to make consequential decisions?” If the answer is never, you
Audit-Ready Financial Statements Under UAE Corporate Tax: What Businesses Need to Know
The UAE Corporate Tax regime is moving into a more mature phase. The focus is no longer only on registration, filing deadlines, and tax calculations. Businesses are now expected to demonstrate that their financial records are reliable, complete, and ready for review. Ministerial Decision No. 84 of 2025 has clarified
UAE VAT & Tax Rules Are Changing from January 1, 2026 – What Every Business Owner Must Know
The UAE has overhauled core sections of its VAT and Tax Procedures framework through two landmark decrees – Federal Decree-Law No. 16 of 2025 (amending the VAT Law) and Federal Decree-Law No. 17 of 2025 (amending the Tax Procedures Law). Both took effect on 1 January 2026. If your business is VAT-registered in the
Share Application Money – Account, Collection and Refunds
The arrival of joint-stock companies was indeed a revolutionary step in the industrial scenario of the Indian economy. The Companies Act that came in 1956 to govern joint-stock companies in India was recently replaced by an improved and enhanced Act passed in 2013. Even 6 years later, there are a
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FDI Strategy: Bahrain ranked in top five globally.
Abu Dhabi (6th) and Dubai (8th) are also ranked in the top 10. The fDi intelligence magazine of Financial Times, in their ‘2021 Global Cities of the Future’ index, has awarded Bahrain’s capital city Manama with the fifth position globally among cities of all sizes and first position among small
Saudi Arabia’s Pre Budget Update FY 2022
The Ministry of Finance under the umbrella of Saudi Vision 2030, has issued the Pre-Budget Statement. Economic recovery and revived growth constitute key pillars underpinning fiscal and economic targets for FY 2022 . The governments effort in combating the pandemic have led to minimising the impact, has minimised the threat
PIF’s 2026–2030 Strategy: A New Framework for Saudi Arabia’s Economic Transformation
Saudi Arabia’s Public Investment Fund (PIF) has introduced its 2026–2030 strategy, setting out a renewed framework to guide its investment priorities over the next phase of the Kingdom’s economic development. The strategy reflects PIF’s evolving role as both a global investor and a key institution supporting Saudi Arabia’s long-term transformation.
Restrictions on cash transaction -III
We have seen how Demonetization process was initiated, and the supply of cash in the economy was regulated through exercising Disallowance on expenses incurred in cash, or by imposing higher tax rates on several transactions. This part of the article intends to discuss the other restrictions initiated post-demonetisation phase C-
Restrictions on cash transactions
Its almost 2 years …!! November 8, 2016, was a remarkable day in the history of the evolution of Indian Economy. It was on that night that the prime minister of India announced of demonetization of all 500 and 1000 rupee notes. It was an utmost secret operation, and people