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Thursday, October 1, 2020

Depletion of Saudi Arabia’s currency reserves shows no sign of abating

It was meant to be a given that a rebound in oil prices would slow the depletion of Saudi Arabia's foreign-currency reserves. That hasn't...

Qatar’s international assets – REVEALED!

Qatar may be tiny but it's the world's richest nation based on GDP, and it's been investing its wealth around the globe - with most...

Non-Saudis flood Saudi only job fair offering to start work within...

A career fair organized by the University of Business and Technology (UBT) ended at Jeddah Hilton Hotel attracting many non-Saudis even though it was...

GCC VAT implementation could be delayed

Legal experts believe that there might be a possibility of a delay in the implementation of the GCC’s Value Added Tax (VAT), which is scheduled...

Makkah to launch biggest gold mine

The Makkah governorate of Saudi Arabia, is set to launch the Al-Duwaihi gold mine and factory and other mining infrastructure projects in the Makkah...

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...

SAUDI ARABIA RESTORES CIVIL SERVICE AND MILITARY ALLOWANCES

The measures were the first pay cuts for government employees, who make up about two-thirds of working Saudis.RIYADH – Saudi Arabia’s King Salman issued...

IMF cuts GCC growth forecasts

The IMF said on Tuesday it had cut its forecast for Arabian Gulf oil producers’ economic growth this year, as their output cut deal...

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...

Saudi Aramco may be worth far less than official valuation

On Monday the Wall Street Journal reported that Saudi ARAMCO may be worth far less than its official valuation. It cited people who are...

Get Rich Quick

For several months, whenever we opened our computers we were inundated by posts about Manama millionaires and people making lots of money online. Gulf...

Shrimping ban a boon for poachers

The six-month ban imposed on "shrimping activities" in Bahrain is turning out to be a boon for poachers and smugglers who are selling tonnes...

An MBA will not make you rich

The first thing I am going to say about wealth is that many authors who write about prosperity and wealth make it clear: A...

If Saudi Future’s So Bright, Why Can’t These Banks Find Buyers?

Saudi Arabia is about to cast off its oil-dependence, build brand-new industries and open its economy to foreign investment, according to the government. That...

Migrant workers exploited en route to the Gulf

South Asian migrants working in the multi-billion dollar construction industry in Arab Gulf countries are shouldering the costs of their own recruitment fees while...

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...

New auction firm a “waste of time”

A new company set up recently to manage auctions in Bahrain was a waste of government resources, according to a top elected official. Mazad...

The real costs of sending money abroad – REVEALED

When it comes to moving hard-earned cash back to their home countries, some expatriates in the GCC enjoy the best deals in the market,...

Ask Aj

Problem: I took a personal loan from a neighbor and we both signed a written agreement, that I would pay the loan with interest....

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...
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