Saturday, October 19, 2019

Money & Business

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

Saudi investor “ploughs millions” into UK’s The Independent

A mysterious Saudi-based investor has ploughed millions of dollars into a British news organization renowned for championing liberal causes, in a move that will...

Moody’s downgrades Bahrain deeper into “junk territory”, Oman 2 notches above

Moody’s pushed Bahrain deeper into junk territory on Friday as it lowered the country’s long-term issuer rating by two notches to B1, from Ba2,...

Dubai’s leading business magazine & website BANNED!

Authorities in the United Arab Emirates have banned a leading business magazine and website for one month for allegedly publishing "false news" on failed...

UAE asks banks to freeze accounts of those named on the...

The United Arab Emirates' central bank has asked all banks and financial institutions to stop dealing with 18 more individuals and entities with alleged...

Saudi multi-millionaire daughter set to inherit 100 million pounds, demands more...

A Saudi multi-millionaire's daughter is demanding £7.5million from her banker ex-husband claiming he should support her instead of her super-rich father. Hayat Alireza, 38, says she has...

Kuwait: Family Residence visas for expats halted

Kuwait has reportedly halted the issuance of family residence visas for the parents and siblings of foreign workers in the country. Kuwait Times cited security sources...

670,000 expats expected to leave Saudi Arabia in 3 years

According to a report published by Banque Saudi Fransi earlier this month, 670,000 expats are expected to leave Saudi Arabia by 2020. "There are approximately 11.7 million foreigners in Saudi...

Opinion: What we gain and lose from expat dependent fees

There has been confusion in the Saudi employment market as well as among expatriates following the recent imposition of a monthly fee on the...

Bahrain: New tax on infrastructure development

A new tax imposed by Bahrain on infrastructure development could cost commercial developers hundreds of thousands of dinars extra for large projects, said a...

Bugatti Chiron supercar races from Oman to the UAE

Celebrated British motor show Top Gear has filmed an episode that saw host Chris Harris race a Bugatti Chiron at 236 miles an hour...

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