Emerging Markets - Middle East | HKTDC

1.

United Arab Emirates: Market Profile

5 Sept 2017

UAE GDP is expected to grow moderately at 1.5% in 2017 due to fiscal consolidation and an expected fall of oil output following the OPEC production cut agreement....

2.

UAE: Online Registration for Incoming VAT to Commence from Mid-September

31 Aug 2017

The online registration of businesses for the UAE’s value added tax (VAT) regime will commence from mid-September. To facilitate the process, the UAE’s Federal Tax Authority has launched a website www...

3.

UAE: First Details Published of Incoming Tax Administration and Compliance Requirements

8 Aug 2017

The first details of the administration and compliance requirements relating to the country’s new tax regime were announced on 31 July, following the enactment of the Tax Procedures Law, the legal bas...

4.

UAE: Processing Time for Labour Dispute Resolution Cut to 10 Days

24 July 2017

The official processing time for the settlement of labour disputes is to be reduced from 30 days to just 10. This has been facilitated by a number of measures recently adopted by the Ministry of Human...

5.

Philippines' SEZs Set Out to Woo Chinese and Middle East Investors

5 June 2017

Rapid expansion of SEZ sector sees Philippines launch charm offensive to counter shortfall in overseas investment....

6.

UAE: 5% VAT Set to be Implemented from 1 January 2018, exemptions allowed

31 March 2017

The government is planning to introduce a 5% value added tax (VAT) on goods and services with effect from 1 January 2018. While it is yet to specify the complete list of goods and services to be subje...

7.

Fast-growing Middle East Film and TV Sector Seeks Global Markets

28 Feb 2017

Hampered by a lack of funding and a comparative shortage of outlets, the burgeoning Middle East film and TV sector is looking to attract far greater international funding and wider distribution, while...

8.

UAE: Streamlined Customs Processing Promised for Approved Businesses

26 Oct 2016

Faster customs clearance is on offer to those businesses that sign up to the country’s Authorised Economic Operator (AEO) programme....

9.

UAE: New Standards and Online Tracking Introduced to Combat Counterfeit Automotive Spare Parts

23 Sept 2016

Importers and manufacturers of automotive spare parts will have to conform to new technical and safety standards under changes proposed by the Emirates Authority for Standardization and Metrology (ESM...

10.

UAE: Senior Executives No Longer Face Personal Bankruptcy in Case of Company Insolvency

13 Sept 2016

For the first time, executives in the UAE are to be legally protected from personal bankruptcy in the case any company they are associated with facing insolvency problems. Previously, such executives ...

11.

UAE: Employers Legally Obliged to House Low-Paid Workers

27 July 2016

Free accommodation will have to be provided for low-income workers by employers with 50 or more employees from December 2016....

12.

Building on the UAE’s construction boom

15 Aug 2014

Against a background of Middle East instability, the UAE has become a haven for regional investment and tourism. A solid economic recovery coupled with a fillip from Dubai’s successful bid to host the...

13.

Sharjah: The UAE’s Manufacturing Stronghold

24 July 2014

Firmly established as the UAE’s manufacturing centre, Sharjah is emerging as an increasingly popular investment destination aside from Dubai and Abu Dhabi. With its favourable geographic location, Sha...

14.

Trading with MENA: leveraging Dubai’s advantages

3 July 2014

As the regional trade and logistics hub, Dubai is an important gateway for Hong Kong companies looking to enter the Middle East and North Africa (MENA) region. Dubai’s total exports have almost double...

15.

Diversifying Abu Dhabi: FDI opportunities in its non-oil economy

12 June 2014

Instead of relying on oil reserves to power its economy, the United Arab Emirates and the emirate of Abu Dhabi (in particular) is committed to diversification, promoting knowledge-based and sustainabl...

16.

Recovering Dubai: a resurgent retail market

8 May 2014

Dubai’s retail market has been boosted by a growing influx of tourists, expatriates and investors. Amid the unrest in the Middle East and North Africa region, they have been keen to capitalise on the ...

17.

Dubai targets Hong Kong's crown as World's Hottest Real Estate Market

16 May 2013

Dubai comes close second to Hong Kong in annual survey of the fastest rising values in the world's real estate markets. Some analysts back the Middle Eastern city to take the number one slot in the 20...

18.

Abu Dhabi builds for tourism

17 Oct 2012

Abu Dhabi is setting to turn itself into a tourism centre with some 20 new hotels to open in the next three years, along with the world’s tallest gate...

19.

Luxury oasis in the Middle East

17 Aug 2012

Luxury goods are receiving an enthusiastic welcome in the Middle East, while the region's wealth is prompting forays into the brand acquisition market...

20.

Abu Dhabi: Time to shine

31 July 2012

Abu Dhabi is not only the wealthiest of the seven emirates that make up the UAE, but the capital of the country. Sitting atop rich oil and gas reserves, the emirate is embarking on its Economic Vision...

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Fun Facts on Belt and Road

China-Laos Railway

China-Laos Railway

Laos’ priority project

longest and fastest railway

faster freight transit

cost over half GDP

The BRI-backed China-Laos Railway Project has been designated as a priority under the terms of the nation's Eighth Five Year Plan.

Trains on the line will travel at an estimated speed of between 160-200km/h, making it Laos' longest and fastest railway.

It currently takes more than 30 days to transport goods from Thailand to the coastal provinces of China by sea. Once the China-Laos Railway is up and running, the entire process can be cut to less than 24 hours.

The cost of the railway has been estimated at in excess of $7.2 billion – more than half of Laos' annual GDP. It will primarily be met by the Export-Import Bank of China.

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