Middle East and North Africa M&A deals rise by 66% in 2021 amid economic recovery with UAE and Saudi Arabia leading the surge with energy and tech sectors according to EY MENA M&A Insights report. M&A levels in 2021 increased to 366 deals from just 192 in 2020, primarily driven by domestic deals. The value […]
M&A boom in MENA gets close to $100 billion Read More »
182 days, 192 countries, and over 22 million visitors. As Expo 2020 came to a close on 31 March, it brought the world together in this historical event that showcased innovation and collaboration. It has become a meeting point for culture and art, science and learning, and work and creativity. Despite several challenges it faced
Expo 2020: Impact on the UAE economy Read More »
The UAE Cabinet has approved crowdfunding activity for both the public and private sectors to assist small and medium-sized enterprises access funds to grow their business and finance new innovative business ideas. In 2020, the Central Bank of UAE launched a new Regulation on “Loan Based Crowdfunding” which sought to establish an appropriate framework for
UAE approves crowdfunding activity for public and private sectors Read More »
According to a new report by EZDubai and Euromonitor International, e-commerce in the UAE reached just over $5 billion in 2021 and is expected to exceed $8 billion by 2025. As of 2021, the total market size of e-commerce in MENA was estimated at $31.7 billion. Over the course of 2021-2025, e-commerce is projected to grow
UAE e-commerce market valued at over $5bn in 2021 Read More »
Al Hamra has outlined an ambitious five-year (2023-2027) roadmap for driving sustained growth through strategic developments, in accordance with the vision of Ras Al Khaimah’s leadership to develop the Emirate into one of the world’s leading investments, business, residential, and tourism destinations. Recently, Al Hamra sold its 27,000 sqm Al Hamra Mall to Aldar Properties
Dubai adopted its first Virtual Asset Regulation Law. The provisions of this law are applicable throughout the Emirate, including special development zones and free zones, except for the Dubai International Financial Centre. The new law seeks to protect investors and establish a framework of international standards for virtual asset (VA) industry governance to promote responsible
Dubai issues Virtual Asset Regulation Law Read More »
All those who could not attend our webinar on 24 August on “Expected amendments to the Double Taxation Agreement Austria – UAE” can now download the presentation and/or watch the recorded webinar on YouTube. For the previous newsletter see link. Our next webinar will be held on 7 September:“What makes me a tax-resident?”How can you
Webinar Update: Double Taxation Agreement Austria-UAE & Tax Residency Read More »
Opontia successfully secured its first of many M&A deals in the e-commerce sector by purchasing 100% of the shares in Novimed, an e-commerce medical company in Dubai. Opontia is a fast growing e-commerce company which acquires and scales high-performing e-commerce businesses across The Middle East, Eastern Europe, Turkey & Africa. Opontia has just closed a seed
OPONTIA SECURES FIRST E-COMMERCE ACQUISITION IN DUBAI WITH STROHAL LEGAL Read More »
Almost all jurisdictions require disclosing the ultimate beneficial owner. What is a UBO? To whom to disclose? Who is responsible for the correctness of disclosure? How to install a UBO and still control the business? Who is entitled to receive information from the UBO register? Dr. Theodor Strohal and Jakob Kisser from Strohal Legal invite you
The Issue of the Ultimate Beneficial Owner (UBO) Read More »
