Tehran, Iran — Iran has waived visa requirements for passport holders from 33 nations, signaling a significant step in opening its doors to global visitors. “The government intends to open the country's doors to the world,” Iranian Minister of Tourism Ezzatollah Zarghami, said on Wednesday as reported by Saudi Gazzete....
Debt Settlement Fund waives default loans worth over US$107m in UAE
DUBAI, UAE - The Citizens Debts Settlement Fund announced the exemption of 1,244 citizens from their debts with a total value of US$107 million (AED394,586,000), in cooperation with 18 banks and financial institutions in the country. The initiative follows the directives of President Sheikh Mohamed bin Zayed Al Nahyan and...
SCA to waive off registration fee for listing of green bonds, sukuk in local market
Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) board of birectors has approved a proposal to exempt companies wishing to list their green or sustainability-linked bonds or sukuk in a local market from registration fees for the year 2023. The decision aims to highlight the actions taken by the UAE...
UAE Corporate Tax: Ministry streamlines accounting standards, social security funds, tax exemptions
The latest decisions aim to enhance UAE's Corporate Tax regime's flexibility and support all business sectors, minimizing the compliance burden, says the Ministry of Finance.
UAE issues decision on conditions of exemption from corporate tax
Abu Dhabi, UAE -- The UAE Ministry of Finance has issued a decision on conditions under which a "person may continue or cease to be deemed an exempt person,”. An official statement said the decision clarifies rules to ensure that businesses remain eligible for a corporate tax exemption if they...
Jordan and US trade balance posts US$881m surplus in 2022
Amman, Jordan--The trade balance between Jordan and the US has recorded a surplus of about 625 million Jordanian dinars ($881 million) in 2022, according to a statement. The volume of trade exchange between the two countries last year amounted to about 2.75 billion dinars, according to foreign trade data issued...
‘Hungary wants EU sanctions on Russia lifted by year end’
Hungarian Prime Minister Viktor Orban wants EU sanctions on Russia over its invasion of Ukraine lifted by year end, a pro-government daily newspaper said. Orban, who has sought close ties with Russian President Vladimir Putin in recent years, has frequently railed against the sanctions, saying they are hurting Europe more...
United Airlines fires 593 workers
The employees refused to comply with a requirement to be vaccinated for Covid-19.
Saudi SMES exempted from commerce register fees
Eligible for exemption are those wishing to issue a new trade register from the financial equivalent for three years and reduction for subsequent years.
