Recycling and Robots
Corina Goetz
Middle Eastern Business and Culture Specialist | Senior Strategic Adviser | Board Member | Keynote Speaker
In Today's Issue for you...
Star-CaT News
?? Corina was just in Istanbul speaking about how the Gulf region has changed and what all the Visions mean - once we have the recording of her Keynote this will be uploaded in the Middle East Hub (so make sure to join)
?? This coming week Corina will be in Saudi at the?KBLT Congress?speaking about how important Social Media is in the Gulf Region
?? We have a brand new Resource for you - all the Projects under Vision 2030 so you can see where your product or service could help in the region
??? Corina will be featured in the October Magazine of?BRAND YOU?where she talks about her journey and roots.?
?? Our new Website is here -?check it out?and let us know what you think
News from the Region
UAE ????
?? If you love the NBA as much as the Star-CaT COO does and if you are in Abu Dhabi on the 4th or the 6th of October, don;t miss the chance to see the Denver Nuggets (NBA Champions 2023) and the Boston Celtic (NBA Champions 2024) go head to head in the Etihad Arena.
???Dubai Opera announced the program for its 2024-2025 season. More than 50 diverse performances, from opera and ballet to concerts are scheduled. Dubai aims to stay the cultural hub in the region with the opening weekend just passed mid September but don’t worry there are amazing performances planned until May 2025. The ambitious programme aligns with Dubai’s broader economic and cultural objectives, namely the Dubai Economic Agenda (D33). Qatar ???? ↗??Qatar has been ranked the third freest country out of 14 countries in the Middle East/North Africa region and 28th globally in a ranking of 184 countries, according to the 2024 edition of Index of Economic Freedom by The Heritage Foundation.
Oman ????
???To protect Omani small businesses and attract entrepreneurship in the country, the government of Oman just announced a change in the investment laws, banning foreigners from 28 additional categories. The list contains a lot of artisan handicraft but categories like used car sales and fresh water fish farming as well as some tourism jobs. All Omani are allowed to invest to ensure the national identity and Omani heritage.
Bahrain ????
?? Bahrain just announced a new tax law which is fully aligned with the OECD guidelines promoting global economic fairness and transparency. The Domestic Minimum Top-up Tax will be effective from 1st of January 2025. The law will affect Multi-National Enterprise and ensure that those organisations are paying a minimum of 15% tax on profits generated in the Kingdom.
Saudi Arabia ????
???The inaugural eSports World Cup in Riyadh just finished at the end of August and no one knew what to expect. The huge prize money of $60 Million might have helped but the viewing figures were just unexpected. Across the 8-week competition, over 500 million viewers consumed over 250 million hours of content, making it the most-watched tournament in 2024. Additionally, the event reached its highest peak concurrent viewership of 3.5 million during the League of Legends Grand Final, when T1 were victorious over Top Esports. See you at the EWC in 2025….
?? From the end of March, 2025, there will be another airline flying from London to Riyadh. Virgin Atlantic announced that they will introduce direct flights from Heathrow to King Khalid International Airport daily.?
??? The fastest growing retail section in the Kingdom is Women’s Fashion. Driven by Saudi Arabia’s young population with high disposable income the sector is projected to become a $53bn market by 2030. Online and omnichannel retailers are leading the way with local brands dominating the future growth.?
Gulf Region Overall
??Worldwide the total wealth for family offices is expected to grow to $9.5 Trillion by 2030. This equals a growth of 73% from today or 189% from 2019. Geographically, North America leads with 3,180 single family offices, followed by Asia Pacific with 2,290, and Europe with 2,020. The Middle East, South America, and Africa host 290, 190, and 60 single family offices respectively. With the growth there are changes like in-house investment teams and the decline of legacy family offices (only 1 in 10 are fourth generation or older).?
News Updates that make you go Ohhhhh...
???? The biggest companies listed on UAE stock exchanges:
???? Qatar Companies on the Forbes list:
Get the full list in our?Middle East Hub?(there you get ALL the resources and news you need to do business successfully in the Gulf)
Stats You Should Know To Become More Skilled in the Gulf In 2 Minutes…
???In the second quarter of 2024, Saudi Arabia has a non-oil trade surplus with the GCC of $1.8 Billion which is 600% higher than for the same period in 2023. Total non-oil commodity exports, including both national exports and re-exports, amounted to $6.5 Billion, reflecting an annual growth of 31%.
???One part of the Vision2030 is a housing plan for Saudis and the target is to raise the homeownership to 70%. This means a major transformation of the real estate landscape and it was announced that by 2030 over 1 Million new homes will be built. Today the homeownership is around 64%.
That is all for now and we will be back with more in October! Corina and The Star-CaT Team
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Also, if you want even more help, here are 3 ways that we can help you even more:
1) Sign up to the "Middle East Hub" A hub and community full of Resources to make your Business successful and be always in the know.?Join here
2) Book a 1:1 ask me anything Want to get fast advice, ask a question, share your ideas and get feedback.?Book a 1:1 ask my anything now
3) Read our 'Middle East Sunday Pages'. Every week on our website, we dive deeper into one Gulf topic about anything from holidays to how to find new clients.?Read here.
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5 个月Thanks a ton for sharing this Corina
Should you move to Saudi Arabia or the UAE for business? I help you decide just that! ?? Complete legal, tax, accounting, and audit support in both countries ????????
5 个月Our Saudi team is still in the post-party phase. Can't get them to send my proposals back on time, Corina ?? What do I do?
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5 个月Exciting times in the Gulf! From Saudi Arabia’s vibrant National Day to the UAE bringing the NBA to the region and Oman supporting local businesses, growth and innovation are in full swing. What’s catching your eye in the Gulf?
How do I have over 500K followers here (& 100+ recs)?? I speak ‘truth to tech’, share ‘good vibes’, highlight amazing people & companies & have friends in high places. Editor-in-Chief @ Tech For Good. Serial founder/BODs
5 个月Huge news! Thanks for enlightening us Corina Goetz
President of the Brazil-Saudi Arabia Chamber of Commerce in Brazil | Businessman specialized in international trade | Strategic Specialist
5 个月Very interesting! It's great to hear about Corina's insights on the transformation of the Gulf region and the significance of the various Visions shaping its future. I’m looking forward to seeing the recording of her keynote. For those interested in staying updated on developments in the region, make sure to join the Middle East Hub and not miss this valuable content! Congratulations ????????