Monday, August 26, 2019

Money & Business

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

Qatari royal close to SA says his assets have been frozen

A member of Qatar's royal family said on Saturday that Qatari authorities have frozen his bank accounts over his role in Doha's crisis with...

Saudi Arabia’s great makeover can’t afford to fail

Crown Prince Mohammed bin Salman, 32, has emerged as the unrivaled leader of the kingdom, now better placed to steer it through a transition...

IMF says income tax may be “necessary” for GCC

The GCC countries may eventually be forced to implement income and other taxes to balance their budgets in the future, according to an IMF...

GCC-wide VAT implementation to be delayed?

The implementation of GCC-wide value-added tax could be delayed due to coordination and preparatory work requirements needed to introduce the 5 per cent tariff...

UAE: not a sanctuary for tax fugitives

British tax fugitives, you have no place in the UAE, senior UK officials have warned. A high-level delegation from Her Majesty’s Revenue and Customs (HMRC),...

VAT and UAE property seekers

Everyone with a roof over their head wants to know how the revised VAT law will impact property sales in the UAE. As the sale...

Blackstone to seek $10bn for Saudi-backed fund

Blackstone Group, the private equity giant with ambitions for the largest-ever infrastructure fund, is seeking as much as $10 billion to supplement a $20...

Saudi: 213% increase in smokers wanting to quit

Sharifa Al-Zahrani, the head of the ministry’s smoking cessation clinics, said that taxes are the most effective way to help people, especially the youth,...

Dubai real estate news

Even by the level of conspicuous consumption prevalent in Dubai’s fitful property market, apartments at the Royal Atlantis stand out. Together with the 795-room...

Saudi prepares to slash oil output, but hopes allies won’t steal...

Saudi's Energy Minister Khalid Al-Falih.AP Photo/Khalid MohammedSaudi Arabia has promised to do “whatever it takes” to end the global oil glut. If it cuts...
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