Monday, June 24, 2019

Money & Business

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

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...

Good times ahead for UAE jobseekers

Jobseekers in the UAE have had a tough time last year due to a slowdown in hiring brought about by challenging economic conditions, however...

6 important things you need to know about VAT in the...

From January 1, 2018, the GCC will implement VAT.VAT confirmed across GCC in 2018: How to prepareEconomists and officials in some GCC countries have...

Depletion of Saudi Arabia’s currency reserves shows no sign of abating

It was meant to be a given that a rebound in oil prices would slow the depletion of Saudi Arabia's foreign-currency reserves. That hasn't...

Migrant workers exploited en route to the Gulf

South Asian migrants working in the multi-billion dollar construction industry in Arab Gulf countries are shouldering the costs of their own recruitment fees while...

IMF warns that Bahrain needs urgent spending cuts

Lower oil prices led to fiscal deficit of about 18% of GDP Fiscal measures could include VAT and a cut in subsidiesBahrain needs...
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