Tuesday, September 25, 2018

Money & Business

Cleric’s verdict postponed to May 21

The trial of religious cleric, Isa Qassim, was yesterday postponed to May 21 wherein the final verdict will be announced.Qassim, who got his citizenship...

Oil rebounds in price

Crude oil futures were sent on a roller-coaster ride Monday morning, trying to retake the $47 level after Saudi Arabia’s oil minister said a...

Saudi deflation continues for third consecutive month

Deflation in Saudi Arabia continued for the third consecutive month and reached 0.4 percent, up from 0.1 percent in February, said a Jadwa Investment...

Saudi Arabia, US in talks of billions of arms sales

The US and Saudi Arabia have reportedly intensified negotiations over arms deals potentially worth tens of billions of dollars. The purported agreement looks to...

Saudi Arabia’s founder predicted Aramco’s worth 100 years ago

NEARLY 100 years have passed since Saudi Arabia’s founder King Abdul Aziz first urged citizens to start investing in oil-giant company Aramco.Text of the...

Is the GCC facing another recession?

While business confidence in the GCC for 2017 is steadily climbing, a recent spate of uncertainty is weighing on growth prospects for the year...

GCC countries ‘will raise VAT to 10% in 5 years’

GCC countries are planning on introducing VAT and Specific taxes commencing January 2018, according to Dr Nasser Al Saidi, renowned economist and founder and...

Bad news for drivers: UAE fuel prices increase in May

Motorists will have to pay a little more to fill the tanks of their vehicles in May as the fuel prices were revised upwards...

IMF says GCC must accelerate economic reforms

The IMF said Gulf Cooperation Council (GCC) countries need to step up crucial reforms in order to cope with low oil prices and slower...

Bahrain MP’s debate law to make all banking Islamic

In a move that could challenge Bahrain's status as an international financial hub, MP's are set to debate a proposed law that will force...
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