Monday, September 23, 2019

Money & Business

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

Saudi Arabia relaxes ownership limits for foreign investors

Saudi Arabia has relaxed a 49 per cent limit for foreign strategic investors in shares of listed companies, aiming to attract billions of dollars...

Batelco Announces VAT On Phone Bills From January 2019

Batelco has issued a VAT compliance circular to all its customers on its website stating the introduction of VAT in all the bills starting...

Saudi Crown Prince Says Oil Has a Bright Future. But Saudi...

Listening to Saudi Crown Prince Mohammed bin Salman talk about the future of oil feels like taking a step back in time to a...

Foreign workers occupy more than 10,000 jobs in Saudi Arabia

Foreign workers in Saudi Arabia compose a large portion of the workforce as according to well-informed sources Indians, Pakistanis, Egyptians, Yemenis, and Bengalis occupy...

Who’s the biggest winner?

We all cheered for Saudi women last month when Saudi Arabia lifted the driving ban on women. The next consideration was the short and...

LuLu to invest $3.5m in tech startup Arkin

Abu Dhabi : LuLu Exchange Holdings has announced that it will invest $3.5 million in tech startup Arkin Technologies Ltd. LuLu said it plans to take Arkin’s...

Qatar hit by fresh World Cup corruption scandal

Qatar has been hit with damaging new allegations of corruption over its controversial 2022 World Cup bid as a French news website revealed on...

UAE to build Dh500 million Mars Scientific City

The UAE on Tuesday revealed plans to build a city called Mars Scientific City, a Dh500 million project that will simulate life on Mars. The...

Worried UAE smokers stock up on cigarettes to beat price hike

Groceries and smokers have started stockpiling cartons of cigarettes to avoid the new sales tax which will come into effect next month. On October 1,...

Saudi: Expats Control About 70% Of Jobs In Wholesale Sector

According to General Authority for Statistics (GaStat), the expatriates are in control of about 70.5% of jobs in wholesale shops, business daily Al-Eqtisadiah reported...

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