Recent

Tthe social and economic standing of the Jordanian people is not appropriate right now for this law. (Shutterstock)
September 26, 2018 - 07:49 GMT
Economists and government officials on Monday gathered at the Friedrich Ebert Foundation to discuss the appropriateness of the new income tax law’s timing, and its repercussions on the lower and middle classes.
Qatar welcomes US investors who can benefit from the promising investment opportunities offered by the Qatari economy. (Shutterstock)
September 26, 2018 - 07:21 GMT
Qatar, which is one of the fastest growing economies in the region, is an attractive destination for US investments, Minister of Economy and Commerce HE Sheikh Ahmed bin Jassim bin Mohammed al Thani has said.
Qatar is opening up almost all the economic sectors through 100% FDI. (Shutterstock)
September 26, 2018 - 07:15 GMT
The new foreign direct investment (FDI) law, which is expected to be in place by the end of this year, and the economic zones, is expected to make Qatar a perfect hub for trade/re-exports, according to a top government official.
‘Epicure Investment’ with an initial capital of QR1.8mn in the Qatar Financial Center (QFC).
September 26, 2018 - 07:09 GMT
Qatar Insurance Group is establishing a new company ‘Epicure Investment’ with an initial capital of QR1.8mn in the Qatar Financial Center (QFC).
In the previous year, Indian exports to Qatar had totalled close to $800 Million. (Shutterstock)
September 26, 2018 - 07:04 GMT
India has recorded an 87% jump in exports to Qatar in one year from April 2017 to March 2018, reaching nearly $1.5bn according to the country’s envoy.
UAE imports from the Kingdom reached Dh244.2 billion ($67 billion) during the monitored period and exports to Dh144.8 billion ($39.7). (Shutterstock)
September 26, 2018 - 06:18 GMT
The total non-oil intra-trade between the UAE and Saudi Arabia amounted to Dh720 billion ($196 billion) since the establishment of the GCC Customs Union in 2003 until the end of the first half (H1) of 2018, marking a growth of 1,230 per cent.
Five per cent VAT is expected to produce revenues of over $25 billion per annum for the six GCC countries. (Shutterstock)
September 26, 2018 - 06:14 GMT
Bahrain will be the next country to implement five per cent value-added tax (VAT) after the UAE and Saudi Arabia as part of the GCC framework agreed between the six states, according to tax experts.
Commercials will typically trigger gold to fall through support levels and as Managed Money sells. (Shutterstock)
September 25, 2018 - 07:20 GMT
This is one of the most unusual and interesting gold (GLD) markets that I can remember in well over a decade.
The project will support women and youth. (Shutterstock)
September 25, 2018 - 07:12 GMT
Prime Minister Omar Razzaz on Sunday launched the Innovation Startups and Small and Medium Enterprises Fund (ISSF) with a capital of $98 million to fund and support entrepreneurs in Jordan.
The volume of trade exchange between Jordan and Spain is currently at JOD430 million, compared to JOD230 million in 2013. (Shutterstock)
September 25, 2018 - 07:06 GMT
The volume of trade exchange between Jordan and Spain is currently at JOD430 million, compared to JOD230 million in 2013, Spain's Ambassador to Jordan Santiago Cabanas said Sunday, noting that the value of Spanish investment in the Kingdom stand at JOD600 million.
The majority of expats have come to Kuwait according to authenticated contracts either as domestic helpers, laborers or are seeking jobs in the private sector. (AFP)
September 25, 2018 - 06:07 GMT
In the past few months, expatriates have been subjected to a fierce war by many citizens who call for deporting a large number of foreign workers as Kuwait has become an ever growing center for such labor.
Qatar-Oman trade reached more than QR3.5 billion in 2017. (Shutterstock)
September 25, 2018 - 05:50 GMT
Qatar Chamber (QC) and Oman Chamber of Commerce and Industry have announced that they would intensify cooperation and collaboration in making the upcoming"Made in Qatar 2018" expo in Muscat a grand success.
The World Bank announced Saturday a $300 million loan to Egypt for complementing the current ‘’Sustainable Rural Sanitation Services Program’’. (Shutterstock)
September 24, 2018 - 11:10 GMT
The World Bank (WB) announced Saturday a $300 million loan to Egypt for complementing the current ‘’Sustainable Rural Sanitation Services Program’’ to support the expansion of the government’s efforts to improve rural sanitation services in Egypt’s poorest governorates.
The drop in sales can be attributed to several factors, such as high inflation, political instability in the country. (Shutterstock)
September 24, 2018 - 10:57 GMT
One of the clearly visible indications of economic stagnation in Lebanon is the hundreds of discount signs on windows of shops and stores in some of Beirut’s famous shopping streets.
By speeding up the transfer of data regarding workers found violating the Omani Labour Laws, the link will also cut costs and efforts to resolve such disputes. (Shutterstock)
September 24, 2018 - 10:50 GMT
In an attempt to speed up resolution of labour dispute cases, an electronic link between the Ministry of Manpower (MoM) and the Public Prosecution was launched on Sunday.
The move is meant to reverse a sharp drop in gold miner shares. (Shutterstock)
September 24, 2018 - 08:19 GMT
Naguib Sawiris’ La Mancha Group and a number of other investors have joined New York-based hedge fund Paulson & Co. on an initiative that means to “promote constructive engagement between the gold mining industry and the investment community,”.