eInvoicing in the UAE

What is eInvoice? An eInvoice is an invoice that has been issued, transmitted and received in a structured data format which allows for its automatic and electronic processing. eInvoices are Not: Unstructured invoice data issued in PDF or Word formats Images of...

EU removes UAE from ‘high-risk’ money-laundering list

The EU has removed the UAE from its high-risk money-laundering list. The European Commission has updated its list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism (AML/CFT)...

Saudi Q1 GDP Grows 3.4%, Beats Estimates

RIYADH, June 9 (Reuters) – Saudi Arabia’s economy grew by more than expected in the first quarter of 2025, according to government data estimates, with lower oil prices impacting the economy less than previously forecast. First-quarter GDP grew by 3.4%...