Wednesday, January 23, 2019

Money & Business

Saudi Arabia loses $250 billion in cash in 3 years amid...

Saudi Arabia has lost nearly $250 billion of its cash assets in the last years, according to an official report by the country's monetary...

Late Wages for Migrant Workers at a Trump Golf Course in...

They are not inclined to complain, not about the merciless sun or the 110-degree heat, as they labor to transform the pale sands of...

Dubai real estate brokers earned $223m in H1

Dubai Land Department (DLD) has announced that over Dh820 million ($223 million) worth of brokerage commissions was made in Dubai’s real estate market between...

Closer Ties: China And Saudi Arabia Sign $70 Billion in New...

Chinese Vice Premier Zhang Gaoli made a three-day visit to Saudi Arabia from August 23 to August 25. During his visit, China and Saudi...

Blockade can’t stop Qatar From Supplying the UK with gas

British orders of liquefied natural gas (LNG) from Qatar continue as scheduled, despite the GCC’s ongoing blockade against Doha, which is approaching its 90-day...

Kuwait water, electricity prices up by 500 per cent

Electricity and water rates in Kuwait have been revised to encourage consumers to rationalize consumption, Dr. Mashaan Al Otaibi, assistant undersecretary of the ministry...

Saudi job scheme favoring locals to hit Indians hard

Saudi Arabia's revised Nitaqat (or Saudisation) scheme does not bode well for Indian migrants. From September 2017, only a handful of organizations with high...

Staff retention is biggest challenge for companies in UAE: study

With employment opportunities still getting scarce these days, it may be easy to think that employees are no longer hopping from one job to...

Qatar’s Plucky Plan to Outlast the Saudi Embargo

For a moment, it looked like Saudi Arabia might be easing up on its estranged neighbor Qatar. On Aug. 17, King Salman bin Abdul-Aziz Al...

UAE Excise Tax Starts in October in Drive to Boost Revenue

The United Arab Emirates will start imposing a tax on selected goods starting Oct. 1 as Gulf Arab nations seek to deepen government revenue...
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