The new modifications of the Competition Law No. (33) of 2004, aim to protect the fairness in commercial transactions and to prevent any monopolistic prohibited practices that obstructs the nature of a free competitive market. These amendments are introduced in conjunction with the...

It is noteworthy that UAE has announced the introduction of Corporate Tax from 1st June 2023, at a nine percent rate for taxable business profits exceeding AED375,000. The new Federal Decree-Law No. (47) of 2022 on Corporate and Business Tax, was announced in December 2022 and is set...

The Kingdom has issued in 2021, Royal Decree No. (M/19) of 1443H regarding the Personal Data Protection Law. A series of changes to the law were published and implemented by Royal Decree No. (M/147) of 1444H; Personal Data Protection Law (PDPL) to enter into force in September 2023...

The UAE is leading with its green, sustainability, and climate change commitment through new policies and initiatives introduced to drive change forward. As per the latest resolution from the Emirates Securities and Commodities Authority (ESCA), businesses can now issue "green bonds...

The Small Business Relief (SBR) introduced by the Ministry of Finance aims to support SMEs and Start-ups by reducing their Corporate Tax (CT) burden and compliance costs.

The legal services provided electronically were increased to 85% in 2022 of the total services of the Ministry of Justice in the Kingdom; noting that in 2022, Saudi Arabia has launched its first virtual enforcement court to enhance litigation procedures in the Kingdom, making it...

The Cooperation Council for the Arab States of the Gulf is strengthening the economies of the Council States amidst the global economic developments and enhancing their competitive capabilities by approving the establishment and creation of a linkage system for payment systems in the...