Monday, May 28, 2018

Money & Business

Aramco sale likely to be delayed

The stock market flotation of Saudi Arabia’s state oil company is likely to be delayed until next year, according to the country’s energy minister,...

U.A.E. Raises Stakes to Stop Expats Leaving Dubai

The United Arab Emirates is taking its most drastic steps yet to stop Saudi Arabia or Qatar from encroaching on its lead in attracting...

Kuwait: Replacing public sector expats ‘too difficult’

Kuwait is not in a position to replace all the expatriates working in the public sector due to the shortage of potential Kuwaiti employees,...

UAE: Expats excluded from VAT refunds on properties

The UAE's Federal Tax Authority (FTA) has announced procedures for VAT to be refunded on payments for new residences - but expats will not...

Qatar to Allow 100% Foreign Ownership of Firms in All Sectors

Qatar is moving ahead with legislation that will allow full foreign ownership of companies operating in the country, trumping a more limited measure proposed...

Want to be an Instagram influencer in Dubai? That’ll cost you...

Social networks such as Instagram, Facebook and YouTube are being forced to register with the United Arab Emirates government by the end of June....

Saudi: Riyal coins to be replaced with banknotes

The SR1 banknotes will be replaced with one-riyal coins. The Saudi Arabian Monetary Authority (SAMA) will start withdrawing SR1 banknotes from the market from...

UAE: 48% decline in cyber-attacks this year

The number of cyber-attacks against websites in the UAE during the first four months of the current year reached 155, compared to 297 attacks...

Bahrain cleared to buy 3,200 US bomb bodies for $45 million

The U.S. State Department has cleared Bahrain to buy as many as 3,200 bomb bodies to arm its fleet of F-16 fighters. The sale...

Bahrain set to grow in international stature

Saudi and the UAE are the two countries in the GCC vying for global attention, not tiny Bahrain.Be it the Saudi’s diversification strategy away...

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