Monday, September 23, 2019

Money & Business

Latest updates on Middle East businesses,Growth of Financial Sectors,Implementation Of Latest Technology and Role of Consumers.

Dubai Hotels Reduce Room Rates To Cope With Rising Supply

Dubai hoteliers are reducing room rates ahead of Expo 2020 to help stimulate demand, according to analysts STR.Hotels in Dubai witnessed significant growth in...

Saudi: No Government Contracts To Foreign Consultancy Firms

Saudi Arabia has issued a royal order banning government entities from awarding contracts to foreign consultancy firms.Under the order, all the government departments in...

Saudi Arabia: VAT should be doubled to 10% – IMF

The International Monetary Fund (IMF) has suggested that the value-added tax (VAT) should be doubled from 5% to 10% in Saudi Arabia in consultation...
Bahrain’s Gold Market Free Of Deliberate Frauds, says official

Bahrain’s Gold Market Free Of Deliberate Frauds, Says Official

“Bahrain’s gold market is free of deliberate frauds,” stated Director of Precious Metals and Gemstone Testing at the Ministry of Industry, Commerce and Tourism.He...
Middle East Banks Urged To Brace For Digital Wave

Middle East Banks Urged To Brace For Digital Wave

Banks in the Middle East are expected to face unprecedented challenges as digital giants begin to turn their attention to the banking sector, according...

Saudi Arabia Appoints New Energy Minister

Saudi Arabia has appointed Prince Abdulaziz bin Salman bin Abdulaziz as Minister of Energy, according to a royal decree, Saudi press agency (SPA) reported.King...
Arab Bank: One Of The Largest Global Arab Banking Networks

Arab Bank: One Of The Largest Global Arab Banking Networks

Established in 1930, Arab Bank headquartered in Amman, Jordan has one of the largest global Arab banking networks with over 600 branches spanning five...
Bahrain- Bank Robberies In A Digital Age

Bahrain: Bank Robberies In A Digital Age

Despite the vast sums that the finance sector spends on advanced security systems and innovations, financial crime continues to trouble many. From phishing to...

Saudi Arabia Replaces Aramco Chairman With Wealth Fund Chief

Saudi Arabia has named Yasir Al-Rumayyan, head of the country’s sovereign wealth fund, as chairman of Saudi Aramco, replacing Energy Minister Khalid Al-Falih, a...

Saudi Expects To Become A Top Five Global Tourism Destination By...

Saudi Arabia has been saying since 2016 that it is moving away from its dependence on oil production. Led by the crown prince, Mohammed...

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