Bahrain's economy is experiencing growth, guided by Bahrain Economic Vision 2030, the kingdom’s long-term socio-economic development plan, and driven by a dynamic private sector and rising foreign investment. Relatively low inflation and interest rate cuts in September and November 2024 enhance its appeal as a business destination. The country's robust financial services sector supports private…
Bahrain’s strategic location, business-friendly environment and proactive reforms have made it an attractive destination for international investors. The kingdom has a diverse economy, with a strong focus on financial services, industry and financial technology. Although hydrocarbons remain central to the economy, Bahrain has expanded its industrial and technology sectors. The country’s growing…
Oman Petroleum & Energy Show (OPES) is Oman’s leading international oil, gas and energy event, scheduled to be held from 12 to 14 May 2025 at the Oman Convention & Exhibition Centre, Muscat, Oman. The event is organised under the patronage of the Ministry of Energy & Minerals Oman and hosted by Petroleum Development Oman (PDO). OPES offers an invaluable platform for fostering business…
Oman Sustainability Week (OSW) is the Sultanate of Oman’s national event for future energy, power, water, waste, future mobility, environment and society held under the patronage of the Ministry of Energy and Minerals as Host Ministry and Petroleum Development Oman (PDO) as Host Organisation. The 2025 edition will be held from 11 to 15 May 2025, incorporating a week-long series of activities that…
Oman Design & Build Week (ODBW) is Oman’s most prominent B2B exhibition and conference for the building construction, design and real estate industry. The 20th edition of ODBW which includes the Oman Design & Build Expo, the Real Estate Conference and the Oman Real Estate Expo will take place from 19 to 21 May 2025 at the Oman Convention & Exhibition Centre. Oman Real Estate Expo…
On September 1, 2024 Bahrain became the first GCC country to implement a domestic minimum top-up tax (DMTT) aligned with pillar two of the OECD base erosion profit shifting inclusive framework. The DMTT law applies the global minimum tax of 15% on Bahraini constituent entities of multinational enterprises (MNEs) and contains key operative provisions of pillar two of the OECD global anti-base erosion…
Bahrain has seen its economy expand through diversification efforts, with a focus on finance, industry and technology. Projects in infrastructure, digital transformation and tourism aim to drive growth and attract foreign investment. The kingdom is committed to sustainability, targeting a 30% reduction in carbon emissions by 2035. The financial sector is a key contributor with innovation in financ
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A transformation is sweeping through Saudi Arabia’s legal landscape, marking a pivotal moment in the country’s journey towards modernisation and transparency. With a focus on aligning with global standards, Saudi Arabia is ushering in an era of reform that promises to reshape its legal system and redefine its role on the international stage. These changes are part of the broader Vision 2030 initiative,…
Businesses across Saudi Arabia face an evolving and increasingly complex tax environment as the Kingdom continues to diversify its economy under Vision 2030. With the introduction of value-added tax (VAT) in 2018, the implementation of excise taxes and the forthcoming zakat (a payment under Islamic law used for charitable or religious purposes) and income tax reforms, the regulatory landscape is rapidly…
