Saudi Arabia’s clamping on corrupt officials, including princes and ministers, has put this Gulf nation on the forefront of the battle to refurbish the decades-old system. Undoubtedly it was a decisive action of Saudi Arabia’s Crown Prince Mohammed bin Salman to detain dozens of princes, businessmen and senior officials on the charges of corruption. Later…

Long-simmering tensions between Turkey and Germany bubbled over this summer, with the once-strong ties approaching historic lows amidst exchanges over espionage, covert support of terrorism and allegations of economic blackmail. While conciliatory noises are coming out of Ankara, it may not be until late autumn or beyond before the temperature cools. The two countries risk…

Organizers of the annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), hosted by ADNOC, have confirmed the event’s technical conference, already the world’s largest for oil and gas professionals, will see a significant increase in scope for 2017 to include the downstream industry for the first time, as well as more sessions for specialized…

The Federal Tax Authority (FTA) has announced that it will open online registration for tax purposes for businesses in mid-September 2017,providing an integrated system to serve the business sectors as per the highest international standards. This marks a major step underlining the UAE’s leading position in the application of a world-class tax system. The announcement was…