YEMEN

By Mohamed Alqubati, Managing Partner of Moore Stephens Yemen

BUSINESS AS USUAL

This is a story of 30 people who found hope and achieved success, despite the difficulties and hardships of conflict in Yemen and who have inspired many more people since. The background is a mid-size auditing firm of 30 people who through adversity and loss of hope resolved that they only have one choice to make.

Value Added Tax (VAT) has been introduced in the UAE on 1 January 2018. The VAT Law in UAE is framed in accordance with the GCC VAT Framework and is governed by Federal Decree-Law No. (8) of 2017 read with the related Regulations issued by the Federal Tax Authority (FTA). 

Saudi Arabia now in MSCI EM

MSCI announced the inclusion of Saudi Arabia into the MSCI EM Index, as expected, with a weight of 2.6%. MSCI, in its annual market classification review, on 20 June added Saudi Arabia to the MSCI Emerging Market (EM) Index. Saudi Arabia, on the other hand, gains a substantial lead in the Gulf Cooperation Council (GCC) region with a 2.6% weight, when compared to Qatar’s 0.8% and the UAE’s 0.6%.

- MEEZA, QDB, MOORE STEPHENS & SMART MANAGEMENT PARTNERSHIP AGREEMENT
- SINGLE WINDOW INITIATIVE “OWN YOUR FACTORY IN QATAR IN 72 HOURS”
- HAMAD PORT OPENING

 

Code of Corporate Governance for Listed Companies

Since its first implementation in the year 2002, the Code of Corporate Governance, for listed companies of the country, has witnessed various changes over the period. A round has recently been carried out by Securities and Exchange Commission of Pakistan (SECP) for a 360 degree review of corporate governance practices in the country.

OMAN DEVELOPMENTS AT A GLANCE

- WITH HOLDING TAX
- CO-OPERATION WITH OECD
- BUDGET FOR 2018
- OMANISATION INCENTIVE FROM EMPLOYING STUDENTS
- BRANCH REGISTRATION FACILITATED FOR GCC COMPANIES

 

Offshore Holding Companies in Morocco

An exceptional arrangement for the development of its investments abroad

KUWAIT postpone VAT implementation to 2021

Kuwait will not implement value-added tax before 2021 but will push ahead with introducing excise tax

Iraq’s 2018 Federal Budget: Key features and trends

Iraq’s parliament approved the 2018 federal budget on 03 March 2018 after amendments were made by the parliamentary finance committee to the original bill submitted by the government.

- Bahrain announces biggest oil find since 1932
- Bahrain will introduce VAT before the end of 2018
- Manama named the world's best city for expats