Monday, September 23, 2019

Money & Business

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

No customs duty on gold in the GCC?

A consultative body formed by GCC official entities has finalised a study on exempting all kinds of gold from customs tariff in GCC states. The...

An Omani sheikh paid $34 million for two apartments so his...

A wealthy sheikh from Oman paid £25 million ($34 million) to buy two flats so his family, friends, and staff could live next to...

Kuwait to expel North Korean ambassador, 4 diplomats

Kuwait says it will expel North Korea’s ambassador and four other diplomats. The decision by Kuwait came as its ruling emir took a recent trip...

UAE to open Gulf’s first nuclear reactor next year

The United Arab Emirates on Monday announced plans to open a nuclear power plant next year, in what would be a first for the...

Ex-Saudi Adviser: Oil prices to rise to $60 as OPEC likely...

A former Saudi Energy Ministerial official, Ibrahim al-Muhanna, said in a speech Washington late-Monday, oil prices may rise to $60 a barrel by the...

Saudi Central Bank suspends money transfers at three currency exchange houses

Saudi Arabia’s central bank said on Monday it had suspended three currency exchange houses - Halawani Bros, Al Amoudi and Al Zamil - from...

83 new hotels due to open in UAE next year

2018 is going to be a busy year for new hotel openings in the UAE, which means it’s going to be a busy old...

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,...

Behind the veil of Saudi Aramco

IF SAUDI ARAMCO is a state within a state in Saudi Arabia, then the blandly named Oil Supply Planning and Scheduling (OSPAS) is its...

Saudi Arabia on course in big Maldives investment program

Speaking on the sidelines of the UN General Assembly in New York last week, Mohamed Shainee said that relations between the Republic of Maldives...

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