Sunday, November 18, 2018

Money & Business

You can now buy a Dubai apartment for 50 bitcoin

Bitcoin fans are being offered first dibs on 150 apartments in a new Dubai development. One bitcoin is now worth just over $4,600. It has more...

Good times ahead for UAE jobseekers

Jobseekers in the UAE have had a tough time last year due to a slowdown in hiring brought about by challenging economic conditions, however...

Saudi Needs Oil at US$85 to $87 a Barrel – IMF

In order to balance its state budget, Saudi Arabia needs oil prices to increase to roughly US$85 to US$87 a barrel, according to the...

Saudi Arabia says it will transfer airports to sovereign wealth fund...

Saudi Arabia, in the midst of a massive reform program to wean itself off relying heavily on oil revenues, said it plans to transfer ownership of its airports to its...

Bahrain Should Postpone VAT Implementation, Experts Say

Amidst plans in place to introduce the Value-Added Tax (VAT) in early October 2018, economic analysts and experts are urging the government to postpone...

Saudi Arabia redrafts crown prince’s transformation plan

Saudi Arabia is redrafting its main reform plan just over a year after its much-hyped launch, stripping out some areas earmarked for change and extending...

Saudi: Foreigners Allowed To Invest In More Sectors

Saudi Arabia decided to allow foreign investors to invest in several new sectors, including recruitment offices, audiovisual services, land transport, and real-estate brokerages.The Cabinet...

Saudi: Expat fee taking its toll on restaurant owners

Even though the price of renting a commercial space has decreased by more than 50 percent in comparison to previous years, investors are still...

Fines up to SR25,000 for violating labor rights in Saudi

The ministry posted on its official Twitter account a list of penalties that will be imposed on employers if they violate the rights of...

Concerns over Qatar’s $7 billion Typhoon deal

Qatar could saddle British taxpayers with a bill for billions of pounds by defaulting on payments for military equipment ordered from the UK. According to...
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