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Friday, November 27, 2020

UAE allows 100% ownership of businesses for expats

The UAE has scrapped the need to have UAE nationals as sponsors, thus allowing expatriate investors 100 per cent ownership with effect from...

Saudi will not reconsider 15% VAT increase in short to medium-term

Saudi Arabia's finance minister said on Sunday that a decision to triple value-added tax to 15 per cent would not be reconsidered in...

MENA’s first reward-based crowdfunding platform launched

BIDAYATECH; MENA’s first Reward-Based Crowdfunding platform launches to help Tech Startups overcome funding gap challenges in MENA. The platform with its diverse...

Bahrain: Woman jailed for five years for drug trafficking

A Bahraini court jailed a woman for five years and fined her BD3,000 for dealing with narcotic and psychotropic drugs in the kingdom, local media...

Saudi Arabia to review VAT increase after COVID-19

Saudi Arabia will review its VAT increase after the coronavirus pandemic ends, the Kingdom’s acting media minister said. The decision to triple...

Saudi Arabia set to raise minimum wage by a third

Saudi Arabia will raise its minimum wage for citizens by a third to SR4,000 ($1,066), according to a statement by the Ministry...

Etihad Airways announces new route to Israel

Etihad Airways will launch daily scheduled year-round flights to Tel Aviv, the economic and technological centre of Israel.The...

Etihad flags more cabin crew job cuts, grounds Airbus A380s

Etihad Airways told cabin crew on Wednesday there would be layoffs this week, an internal email seen by Reuters showed, and a...

Bahrain: Carrefour launches month-long shopping promotion

Carrefour, operated by Majid Al Futtaim in the Kingdom of Bahrain, has launched “Carrefour Friday” — a month-long shopping extravaganza that offers...

BenefitPay Awarded Bahrain’s Best e-Wallet Payment System

BENEFIT was awarded as Bahrain's "Best e-Wallet Payment System – BenefitPay" and "Most Innovative e-Payment Product" at the 2020 Global Economics Magazine...

UAE: Etihad to become a ‘mid-size’ carrier

Etihad on Sunday announced a few organizational changes aimed at transforming the company into a “mid-size, full-service” carrier with a “leaner, flatter...

Which GCC country could introduce income tax after Oman?

Bahrain and Kuwait could be the next GCC countries to introduce income tax after Oman in the oil-rich region as low crude prices and...

Avoid these five investment blunders during a crisis

Was “let’s sell for now and wait for the dust to settle”, one of your mantras during the recent market shock? There...

Saudi ministry outlines conditions for employment transfers for expat workers

New guidelines have laid down the exceptional circumstances under which expat workers may change jobs in a step that will further improve...

Saudi Arabia’s PIF takes $1.3bn stake in India’s biggest retailer

The government fund acquired the 2.04 percent stake in Reliance Retail Ventures (RRVL), it said in a statement on Thursday.

Saudi Arabia: Domestic workers excluded from labour reforms

Saudi labour reforms, drastically revamping the country’s sponsorship system, do not apply to domestic workers, according to a media report.

Saudi: Labour Reform Initiatives come into effect on March 14, 2021

The Ministry of Human Resources and Social Development (MHRSD) launched Wednesday a Labor Reform Initiative (LRI) under the National Transformation Program (NTP)...

Saudi Arabia labour reforms offer more expat rights

Saudi Arabia's Ministry of Human Resource and Social Development today embarked on an ambitious initiative reforming the kingdom's labour laws to allow...

Oman plans to introduce wealth tax in 2022

Oman plans to take a step unheard of in the Gulf region: It's going to start taxing the income of wealthy individuals beginning in 2022,...

Kuwait loses over 100 million dinars due to airport closure

Abdulrahman Al Kharafi, a member of the Travel and Tourism Bureau, revealed that Kuwait is estimated to have lost around 100 million...
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