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Saturday, October 31, 2020

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...

Banks in GCC are changing – what YOU should know

Banking in the GCC is fast changing due to improvements in technology, with greater focus on mobile banking, smart branches and social media banking.Standard...

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...

Why a wealth tax

Oil prices seem to be rebounding this year, up from the doom and gloom of 2016. They are expected to rally to the mid-$60s...

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...

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...

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...

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...

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 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...

47% in GCC want to change their jobs

47% of respondents to a GCC regional survey by Bayt.com and Yougov claim to be considering an industry change this year, with Oil, Gas &...

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,...

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...

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...
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