December 12, 2011
The UAE has no formal system of VAT or corporate income tax but the report incorporated various different fees, charges and forms of taxation in its findings.
The statistics showed a rise in the number of passengers year over year by 1.54 percent with 5,208,179 passengers, including 746,470 in November 2011.
Global credit rating agency Standard & Poor’s is reviewing the ratings of 50 banks in the Middle East based on a new set of rating criteria adopted by the agency recently.
Naser Mohammed al-Belooshi, Executive Director of management services at the Bahrain Monetary Agency, the Gulf Arab state's central bank -said capital limitations would continue to seriously compromise the ability of Islamic banks to finance major international projects.
Innovation is the cornerstone of economic growth and success, for both the companies that innovate and the countries that embrace them.
The prime minister told Egyptians yesterday that the economic situation was worse than imagined and that austerity was needed to rein in the budget deficit.
December 11, 2011
The felling of trees that capture the heat-trapping gases responsible for global warming accounts for about 20 percent of the planet's greenhouse gas emissions, and studies show an acre (0.4 hectare) of forest is lost every second around the globe.
Daily-deal websites are turning to mobile commerce amid rising use of smartphones and fierce competition in the Middle East.
“Innovation goes hand in hand with entrepreneurship. It means seizing new opportunities. It means harnessing solutions that can address the pressing global energy and climate issues that we face today.
Earlier the Saudi government announced the development of a nuclear city to train and house the technical workforce that will be needed to achieve these ambitions.
The soaring cost of key commodities in Dubai is forcing shoppers away as majority of expats say that the prices here now equal to the prices in their home countries.
The education market in the Middle East and North Africa (MENA) could be as high as $75.3 billion (Dh376 billion), Al Masah Capital said in its latest report.
December 8, 2011
The Middle East crude market fell on Thursday, with offers for February loading Murban heard at a premium of around 10 cents a barrel to the official selling price (OSP), lower than levels seen last month.
Chairman of Jordan’s Chamber of Commerce Nael Kabariti said on Wednesday that Jordan will be the first victim and “big loser” from economic sanctions imposed on Syria by the Arab League.
Moody’s has cut expectations for Lebanon's real GDP growth to 1.5 percent for 2011, from 2.5 percent earlier in the year, and to 3.5 percent for 2012, from five percent.