Wednesday, January 23, 2019

Money & Business

Kuwait outlook changes from negative to stable

Moody's Investor service yesterday changed the rating outlook on Kuwait from "negative" to "stable". Concurrently, the long term-issuer rating has been affirmed at Aa2....

Bahrain gets a piece of good news on economy

Fresh data point to a welcome return to form for Bahrain’s economy, thanks in part to inward investments and financial support from other Gulf...

Expat income tax will hit region’s “attractiveness” – IMF

Taxing the income of foreign workers in the GCC will help the region boost its revenues, but it will reduce the attractiveness of the...

100% tax on cigarettes and energy drinks

The UAE's Federal Tax Authority has announced a 100 per cent tax on tobacco products and energy drinks, as well as a 50 per...

Guide to $400 Billion in Saudi-US Deals

Saudi Arabia signed billions of dollars of deals with U.S. companies during President Donald Trump’s visit to Riyadh. Estimates of their total value vary...

Budget pressure likely to keep Saudis propping up oil prices

Pressure on Saudi Arabia's finances will make it eager to secure a deal on oil output cuts at this week's talks among global producers,...

Expat Guide To Offshore Banking And Money Transfers

Expats do not have to be wealthy to switch their money to an offshore bank or building society.The stigma of offshore comes from individuals...

“A lot of money! Big dollars!” and “Jobs! jobs! jobs!”

American military defense companies have agreed to immediately sell nearly $110 billion in equipment and services to the Saudi Arabian government as part of...

Amnesty: Labor abuse is becoming Qatar’s World Cup legacy

As Qatar celebrates the opening of its first World Cup stadium today, rights group Amnesty International is warning officials to proceed with caution. The group...

Trump starts Saudi trip with massive arms deal

The White House announced a huge arms deal with Saudi Arabia yesterday as US president Donald Trump took his first steps on the world...
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